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CA Omkar Bhutada - SEBI Reg IA

30th Apr · SEBI-Registered Analyst

Now this is a high-quality breakout setup — much cleaner than Uttam Sugar and closer to your better names.

TALBROAUTO
Structure Insight You’ve marked a clear rectangular accumulation range: Support ≈ ₹220 Resistance ≈ ₹325 Price has spent a long time inside this box, which means: 👉 Strong accumulation + repeated absorption of supply Now we have a decisive breakout above ₹325 What Makes This Setup Strong 1. Clean Range (Very Important) This is not noisy like Uttam Sugar. Multiple clean touches on resistance Clear horizontal structure Easy for institutions to accumulate 👉 This increases reliability significantly 2. Explosive Breakout Candle The breakout is not weak: ~20% move Strong close near highs Breakout candle stands out from prior price action 👉 Indicates: Institutional participation Not just retail chasing 3. Failed Breakouts Earlier → Now Success Earlier attempts near ₹325 got rejected. Now: Clean breakout No immediate selling 👉 This shift = change in character (CHOCH)

#TechnicalViews#FundamentalViews#WatchOutFor#Today’sTradingSetup#StockInNews
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