Savita Oil Technologies Ltd. (Weekly Chart) – Technical Analysis

$SOTL 1) Pattern Identification The stock has formed a large Cup Pattern spanning roughly 16–18 months. Left rim was created near ₹480–500 in late 2024. After a prolonged correction and base formation, price has now returned to the neckline zone. This week's candle has produced a decisive move above resistance. This is one of the cleaner cup breakouts among mid-cap industrial stocks. 2) Breakout Zone Major Resistance / Neckline ₹475–500 Current weekly close: ₹514.60 Weekly gain: +18% The breakout has already occurred with a powerful expansion candle. The key point now is whether the stock can sustain above ₹480–500. Bullish Factors ✅ Multi-quarter cup formation completed. ✅ Strong breakout candle through resistance. ✅ Price reclaimed a major supply zone. ✅ Breakout occurred after a long accumulation phase. ✅ Weekly momentum is accelerating.