📈 Bombay Burmah – Box Breakout Retested, Trendline Holding

1️⃣ Breakout from Multi-Year Accumulation The stock broke out of a long-term downward-sloping channel and tight consolidation box (~₹1000–₹1250 zone) in early 2024. The breakout was accompanied by strong volume expansion. 2️⃣ Trend Acceleration Followed by Correction Post-breakout, the stock rallied into ₹2800+ levels before correcting. It has since pulled back to retest the rising red trendline drawn from previous swing lows. 3️⃣ Support Structure Intact 📉 Holding trendline support near ₹1700–₹1800 🟦 Horizontal resistance: ₹2112 🧱 Key base: ₹1702.50 Price has been consolidating just below ₹2000 while respecting rising support—indicating strength. 4️⃣ Healthy Structure Despite the correction from highs, the stock has not breached its post-breakout base. As long as it holds above ₹1700, the broader bullish structure remains valid. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.