Strong post-accumulation breakout, but structurally a bit more explosive

What stands out here: Extended sideways movement after a sharp prior decline Clear absorption phase near the lows (₹450–₹500 zone) Gradual tightening before expansion Now we see a vertical breakout candle straight through ₹700 resistance. What Makes This Setup Powerful 1. Violent Expansion from Base Unlike slow breakouts, this is a range expansion + momentum ignition: Large bullish candle (~18–19%) Closing near highs No supply visible near breakout This typically signals: Strong institutional participation Possible news or earnings trigger (common in pharma) 2. V-Shape Recovery + Breakout Price didn’t grind slowly. It: Reversed sharply from ₹450 Built a mini base Then exploded This pattern often leads to fast trending legs, not slow moves. 3. Clean Supply Removal The ₹680–₹700 zone was supply earlier. Now: Completely taken out in one move Sellers trapped immediately Measured Move Projection Range height: ₹700 – ₹460 ≈ ₹240 Breakout zone: ₹700 Projected move: ₹900–₹950 potential (swing basis) Your arrow towards ₹820–₹850 is conservative and realistic for first leg.