$VTL - Upward breakout

Vardhman Textiles – Ascending Triangle Breakout The stock spent nearly 4 years consolidating below the ₹575–580 resistance zone, creating multiple failed breakout attempts. At the same time, the lows kept rising, forming an ascending triangle, a pattern that generally resolves in the direction of the prior trend. The recent move above ₹575–580 appears to be a valid breakout from a multi-year base, which significantly increases the importance of the move. Technical View Breakout Zone: ₹575–580 Current Price: ~₹600 Pattern: Multi-year Ascending Triangle Bias: Bullish continuation $VTL