🚀 Strong Breakout on Auto Stock After Long Consolidation!

🔎 Technical View Elliott Wave Structure: After completing a prolonged corrective wave, the stock has triggered a fresh impulsive leg with a sharp breakout candle on the weekly chart. MACD Divergence: Positive momentum seen, with no bearish divergence — aligning with the sudden strength. AVWAP Support: Long-term AVWAP (near ₹400) has acted as a strong base, from where buyers stepped in aggressively. Volume Confirmation: Massive volume spike confirms institutional buying and adds strength to the breakout. 📊 Fundamental View Niche player in the 3-wheeler auto segment, gaining traction with demand revival in the automobile sector. Asset-light model with improving efficiency ratios. Balance sheet strength improving with better operating margins in recent quarters. ✅ Key Levels to Watch Support Zone: ₹460–470 (recent breakout retest zone) Resistance Levels Ahead: ₹550 first, then ₹650–700 zone if momentum sustains Risk Management: Sustaining above ₹460 is crucial for trend continuation