Anand Rathi Wealth: At the Doorstep of a Breakout — Blue Sky or Supply Zone Trap?

1️⃣ Structure & Zone Analysis Price is hovering near the upper red trendline resistance and just inside the supply zone (blue shaded). This area has historically triggered strong selling — as seen from repeated red markers. However, the structure now shows higher lows and a steady grind upwards — signs of demand resilience. 2️⃣ Volume Profile Edge Noticeable volume build-up below 1,850 (orange shaded zone), suggesting strong accumulation there. Current volume near resistance remains muted — no aggressive selling yet, which is constructive. 3️⃣ Key Levels Resistance: ₹2,180–2,220 (trendline + supply zone) Support: ₹2,000 (breakout base) and ₹1,850 Breakout Trigger: Close above ₹2,220 on strong volume 4️⃣ Outlook A clean breakout above ₹2,220 can open up space toward all-time highs around ₹2,300+. Until then, watch for potential fakeouts or pullbacks back to ₹2,000–1,950 zone for better risk-reward re-entries. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.