📊 Bombay Dyeing – Channel Reclaim with Bullish Follow-up

1️⃣ Channel Structure Holds The stock respected its long-term rising channel. After falling from the upper boundary near ₹260, it bounced strongly twice from the lower channel support. The latest recovery aligns with historical structure. 2️⃣ Double Bottom + Bullish Trendline A potential double bottom has formed near ₹125 with higher lows. The stock has now reclaimed the channel midline (~₹145), establishing a rising trendline base. 3️⃣ Key Levels to Watch 🧱 Support: ₹145.47 and ₹125.71 🔼 Resistance: ₹185 zone, followed by ₹220 and ₹260 A breakout above ₹185 can fuel further upside toward the upper channel band. 4️⃣ Momentum Shift in Progress Sustained close above ₹170 will confirm trend continuation. Price is back in structure, and current move suggests strength returning after a corrective phase. 📢 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.