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CA Omkar Bhutada - SEBI Reg IA

21st Mar · SEBI-Registered Analyst

This is a high-quality breakout setup 🔥 in CCL Products (India) Limited

CCL
🔍 1️⃣ Structure Breakdown Phase 1: Sharp Upmove ₹850 → ₹1070 👉 Strong institutional entry Phase 2: Long Consolidation (Green Zone) ₹950 – ₹1070 👉 This is your base 🧠 2️⃣ What This Base Means This is not random sideways. 👉 This is Re-Accumulation Why? ✅ Strong Support ₹950 held multiple times 👉 Buyers active ✅ EMAs Supporting Price 20 EMA > 50 EMA > 200 EMA 👉 Trend intact ✅ Higher Lows Gradual upward pressure 👉 Demand increasing ⚡ 3️⃣ Breakout Happened 👉 Price has: Broken ₹1070 resistance Closed strong above 👉 This is confirmation 🚀 4️⃣ Why This Move Can Be Powerful Because: 👉 After long consolidation 👉 Energy builds 👉 Breakout = Expansion phase 🎯 5️⃣ Your Target Box (Perfect) Let’s validate: Range Height: ₹1070 – ₹950 = ₹120 Target: ₹1070 + ₹120 = ₹1190–₹1220 👉 Your projection ~₹1240 is spot on ✅ 📊 6️⃣ Trade Plan 🟢 Aggressive Entry Already triggered near ₹1080 🔵 Safe Entry Retest of ₹1070 🎯 Targets ₹1150 ₹1200 ₹1240 ⚠️ 7️⃣ Risk Scenario 👉 If price: Falls back below ₹1070 Sustains below Then: 👉 Fake breakout → exit

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CCL_2026-03-21_12-06-18.png
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