🔔 Skipper Ltd. Breaking Out With Heavy Momentum – What’s Next?

A textbook breakout in motion! After months of consolidation, Skipper Ltd. has exploded with a +9.32% surge, backed by a bullish structure and long-term support. 🔍 Technical + Fundamental Snapshot 🔹 Elliott Wave Structure The stock seems to be entering Wave 3 of a new impulsive cycle, with Wave 2 consolidation having completed near ₹390. A strong breakout from this zone typically results in sharp vertical moves in Wave 3. 🔹 MACD Confirmation MACD shows a fresh bullish crossover above the zero line – a classic early signal for trend resumption. No signs of bearish divergence, confirming internal strength of the rally. 🔹 AVWAP Validation The AVWAP from previous major swing lows (around ₹285) continues to act as a long-term support base. The price has consistently bounced off this anchored level, confirming strong institutional support. 📈 Fundamental Strength Strong order book and infrastructure tailwinds are aligning in Skipper’s favor. Debt levels under control and improving margins over last few quarters. ROCE improving steadily, showing efficient capital deployment. ✅ Conclusion With price action breaking above prior resistance and a bullish structure forming, Skipper Ltd. may be heading into a strong uptrend. Technicals and fundamentals are mutually confirming — ideal setup for trend-followers.