Structure: Bullish Continuation after a Base Breakout (Rounding Bottom + Higher Lows)

Tilaknagar Industries is showing strong bullish behavior on the weekly chart. After a prolonged period of sideways movement between ₹40 and ₹150, the stock gave a strong breakout in early 2023. This breakout was followed by a powerful uptrend that took the price to around ₹460. Post that rally, the stock entered a consolidation phase, but the overall structure has remained positive. Importantly, it has formed higher lows, which indicates strength and accumulation at lower levels. Recently, the stock has shown a strong bounce from the ₹280–300 zone, suggesting renewed buying interest. The 200-week EMA (currently around ₹212) is steadily rising and has acted as a strong support throughout. The price is comfortably trading above it, reinforcing the long-term bullish trend. The most recent candle shows a strong bullish move with over 11% gain in a week, which is a positive sign. This move appears to be an attempt to retest the earlier highs near ₹460. If the stock breaks above this level with volume, it may enter a fresh rally and head towards ₹550–600 in the coming months. On the downside, ₹300 remains an important support zone. As long as the stock holds above it, the bullish trend remains intact. Further support lies around ₹212 (200 EMA) and the previous breakout level near ₹150, which has now turned into a strong long-term base.