CMP: ₹728 Breakout Level: ₹705–₹710 Pattern: Rectangle → Breakout Attempt 🟢 Structure Overview Clear consolidation box: Range Low: ~₹620 Range High: ~₹708 Multiple rejections near ₹700 Strong breakout candle above ₹708 This is a range expansion setup. 📐 Measured Move Range height ≈ ₹85 Projection: ₹710 + ₹85 ≈ 🎯 ₹790–₹800 Your marked 12% move aligns with classical measurement. 📊 EMA Structure ✔ Price above 26 EMA (₹677) ✔ 26 > 52 EMA ✔ 52 > 225 EMA ✔ All rising Trend structure bullish. 🔥 What Makes This Interesting Tight consolidation near resistance No deep pullbacks inside range Strong breakout candle with follow-through This is not a weak breakout. 🔑 Key Levels Immediate Support: ₹700–₹710 (breakout retest zone) Secondary Support: ₹675 Invalidation: Daily close below ₹690 weakens breakout momentum. 🏗 Sector Context Metal/mining names tend to move in sharp swings. If commodity sentiment supports, expansion can be fast but volatile. This is a momentum breakout — not early accumulation. 📌 Strategy View Aggressive: Trail stop below ₹705 Conservative: Wait for retest of ₹710 Target: ₹790–₹800 Extension (if commodity cycle strong): ₹820+ Compared to PSU banks you shared: PSU banks = structural multi-week setups Vedanta = shorter-term momentum breakout Higher volatility, faster move.

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