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Rajneesh Sharma CFTe

5th Sep ยท SEBI-Registered Analyst

๐Ÿ“Š Brainbees Solutions Ltd. โ€“ Breakout Watch

FIRSTCRY
Watch ๐Ÿ”น Price Action The stock closed at โ‚น401.90 (+10.96%), with strong bullish momentum this week. Price has been consolidating in a sideways Darvas Box (โ‚น333 โ€“ โ‚น420) for months. Now, a fresh breakout attempt is underway. ๐Ÿ”น Technical View Support Levels: โ‚น333 โ†’ โ‚น300 Resistance Levels: โ‚น420 โ†’ โ‚น487 Patterns: Sideways consolidation range (โ‚น333 โ€“ โ‚น420). Current weekly candle testing the upper band of the box. Sustained move above โ‚น420 can trigger a rally towards โ‚น487. ๐Ÿ”น Indicators RSI (51.38) shows bullish divergence, moving up from higher lows. Volume spike confirms buying interest (highlighted in orange). Price action supported by RSI momentum โ†’ early strength. ๐Ÿ”น Strength & Weakness โœ… Bullish RSI divergence. โœ… Fresh volume confirmation โ€“ signs of accumulation. โœ… Breakout zone tested โ€“ a close above โ‚น420 will be key. โš ๏ธ Still inside the consolidation box; rejection at โ‚น420 can cause retest towards โ‚น360โ€“โ‚น333. ๐Ÿ”น Outlook Short Term: Watch for โ‚น420 breakout confirmation. Medium Term: Breakout above โ‚น420 โ†’ move towards โ‚น487. Risk: Stay cautious if it falls below โ‚น333, as weakness may resume. ๐Ÿ“ข Disclaimer: Educational analysis only, not investment advice. ๐Ÿง‘โ€๐Ÿ’ผ Rajneesh Sharma โ€“ SEBI Registered Research Analyst (Reg. No. INH000020332). ๐Ÿ“„ Stock market investments are subject to market risks.

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