🔹 Price Action Dalmia Bharat is currently trading around ₹2,403, after rallying strongly towards a multiyear resistance zone (~₹2,480–2,500). The stock has shown consistent higher lows, forming a cup-shaped base over the past couple of years. 🔹 Technical View Resistance Zone: ₹2,480 – 2,500 Support Levels: ₹2,160 / ₹1,930 RSI Setup: RSI is trading near 70 (overbought) → signals exhaustion. However, RSI has completed a long rounded base and is now showing structural strength. Pattern Formation: A multiyear Cup & Handle structure is visible. A breakout above ₹2,500 could trigger a major rally. 🔹 Strength & Weakness ✅ Strong structural base with higher lows. ✅ Cup & Handle pattern near completion. ⚠️ RSI in overbought territory → correction likely before a clean breakout. ⚠️ Failure to sustain above ₹2,160 may invite deeper profit booking. 🔹 Outlook In the short term, profit booking looks possible, with correction targets near ₹2,160–₹1,930. Once the consolidation completes, a decisive breakout above ₹2,500 could unlock a multiyear rally. Long-term investors may keep it on watch for breakout confirmation, while traders should manage risk near current levels. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.

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