🚀 Multi-Year Consolidation Breakout in Progress? | Triveni Engineering Looks Ready for the Next Leg

Triveni Engineering has delivered a strong breakout above a two-year consolidation zone, backed by expanding price momentum and a decisive bullish weekly candle. After spending several quarters building a solid base between ₹320–435, the stock has finally moved above resistance, indicating that institutional accumulation may be entering its next phase. 📈 Technical Analysis 🔹 Elliott Wave Structure The chart suggests the completion of a prolonged corrective phase (Wave 4), followed by the beginning of a fresh impulsive advance (Wave 5). The recent breakout above the consolidation range strengthens the probability that a new long-term uptrend is unfolding. 🔹 MACD Confirmation The MACD has generated a bullish crossover above the zero line, confirming improving momentum after a lengthy consolidation. This indicates that buying strength is increasing rather than fading. 🔹 AVWAP Support Price is trading comfortably above the Anchored VWAP, which now acts as a dynamic support zone. Holding above this level reflects sustained institutional buying interest and improves the probability of trend continuation. 💼 Fundamental Strength Triveni Engineering continues to remain fundamentally healthy with: Strong return ratios (healthy ROCE profile) Consistent profitability and improving operating margins Diversified business across sugar, engineering, ethanol, and power equipment Healthy cash generation supporting long-term expansion The combination of stable fundamentals and improving technical structure creates a favourable risk-reward setup.