Symmetrical Triangle Breakout on Fundamentally Solid Stock! 🔺🚀

The chart of Info Edge (India) Ltd. showcases a symmetrical triangle breakout, a classic consolidation structure that typically precedes a sharp directional move. After months of narrowing price action, the stock has broken above the upper trendline with expanding volumes — signaling a potential trend reversal. 🔹 Elliott Wave Structure: The pattern likely marks the end of a Wave 4 correction, setting the stage for an impulsive Wave 5 rally. The strong breakout candle confirms renewed participation from positional buyers and a shift from contraction to expansion phase. 🔹 MACD Divergence: A bullish MACD crossover developed right before the breakout, while histogram bars are rising — indicating increasing bullish momentum and a clear transition from accumulation to breakout mode. 🔹 AVWAP & 200-DMA Support: The Anchored VWAP from the prior swing high and the 200-DMA (around ₹1,215) are providing robust structural support. This confluence strengthens the reliability of the breakout and limits downside risk for swing traders. 🔹 Fundamental Strength: Info Edge remains a high-quality tech holding with ROCE above 15%, zero debt, and consistent cash flow generation. Its diversified digital portfolio (recruitment, real estate, and education) continues to drive long-term growth visibility, supported by prudent capital allocation and a strong balance sheet. 📊 Summary: A breakout above ₹1,400–₹1,420 with volume expansion confirms a bullish reversal, opening the door for targets around ₹1,520–₹1,580 in the near term. Positional support lies near ₹1,315.