🚀 Trendline Breakout Attempt Near Long-Term Support!

🔍 Technical & Fundamental Multi-Signal Analysis 📌 Chart Structure KPIT is forming a long descending trendline from 2024 highs, and price is now testing a breakout above it. Strong demand zone around ₹1,100–1,130 acted as a base multiple times, creating a stable support region. 📉 Wave Structure Insight The corrective structure appears to be a complex corrective wave, likely Wave 4 in a larger impulsive sequence. If the breakout sustains, a possible Wave 5 rally may initiate towards higher levels. 📊 Moving Averages Support Price is taking strong support near the 200-week EMA (~₹946) — a long-term institutional demand zone. Shorter EMAs are flattening, indicating slow accumulation and momentum rotation. 📈 MACD Momentum View MACD on weekly timeframe is showing bullish momentum pickup from oversold levels, indicating possible trend reversal strength. 🏢 Fundamental Strength KPIT remains a high-quality engineering R&D company with: Strong growth visibility in Autonomous & EV technologies Consistent revenue & profit expansion Strong order book from global auto technology leaders 🎯 What to Track Next Weekly closing above trendline + follow-through continuation candle Sustained volumes for confirmation Supports: ₹1,130 / ₹1,100 Resistance zones after breakout: ₹1,300–1,375, and further potential towards ₹1,450+ if momentum expands 💡 Educational Takeaway When price tests a major trendline near long-term averages with improving momentum, it signals a potential reversal phase backed by institutional accumulation.