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CA Omkar Bhutada - SEBI Reg IA

7th Jul 2025 Β· SEBI-Registered Analyst

βš™οΈ Triveni Turbine β€” Powering Back with a 0.786 Fibonacci Breakout πŸš€

TRITURBINE
After a textbook Fibonacci retracement to the golden 0.618 level, Triveni Turbine has not only respected the 200 EMA (~β‚Ή515) but also surged past the 0.786 level (~β‚Ή638) β€” a sign of trend continuation toward its previous high of β‚Ή726 and beyond. πŸ” Technical Setup: Fibonacci Retracement: Price bounced from the 0.618 level with strength Current Price: β‚Ή652.50 β€” retesting breakout levels with bullish candles Next Resistance: β‚Ή726 EMA Support: 200 EMA acting as strong dynamic support 🧠 Why This Matters: Strong uptrend resumption after healthy correction Breakout traders & trend followers may eye fresh entry on pullbacks Long-term structure suggests higher highs possible πŸ’‘ Watch for a decisive weekly close above β‚Ή660+ to trigger bullish momentum again.

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