This is the weekly chart of Great Eastern Shipping Company Limited, and this one is a textbook rounding bottom → breakout setup 🔥

1️⃣ Structure Breakdown (Very Important) Phase 1: Distribution Top Around ₹1400–₹1500 (left side peak) Phase 2: Long Correction Price falls to ~₹800–₹900 👉 Weak hands exit Phase 3: Rounding Bottom Formation Smooth U-shape (what you marked in green) 👉 This indicates: Gradual accumulation No panic selling Strong institutional absorption 2️⃣ Breakout Confirmation Now look at current price: Back to ₹1450–₹1500 zone Almost at previous resistance 👉 This is a critical breakout level 3️⃣ What You Marked (Blue Projection) You projected: ₹1450 → ₹2000 (~40%) This is very logical and technically correct 📊 Pattern Target Logic Rounding bottom depth: Top ≈ ₹1500 Bottom ≈ ₹900 Depth ≈ ₹600 Breakout target: ₹1500 + ₹600 = ₹2100 👉 Your target (~₹2000) = perfect conservative estimate 4️⃣ Strength Signals (Bullish Confirmation) ✅ Higher highs forming ✅ Smooth structure (no volatility spikes) ✅ Price above long-term moving average ✅ Momentum increasing near resistance 👉 This is institutional accumulation → expansion phase 5️⃣ Key Levels Breakout Level: ₹1500 (very critical) Support: ₹1350 ₹1200 (strong base) 6️⃣ Trade Logic (Pro View) Best Setup: 👉 Buy only after breakout Entry: Above ₹1500–₹1520 Target: ₹1800 → ₹2000 → ₹2100 Alternate (Safer Entry): Buy on retest of ₹1400 after breakout 7️⃣ Failure Scenario ❌ If price: Fails at ₹1500 again Falls below ₹1350 👉 Then structure becomes range-bound again 8️⃣ Comparison With Your Previous Charts Stock Structure Action Astral Limited Breakout Buy Oil India Limited Distribution Sell Indian Oil Corporation Limited Double Top Sell REC Limited Trap Zone Wait Great Eastern Shipping Company Limited Rounding Bottom Buy on breakout 9️⃣ Final Summary Factor Observation Pattern Rounding Bottom Resistance ₹1500 Bias Bullish Target ₹1800 → ₹2100 Trigger Breakout above ₹1500