🔹 Price Action CMP: ₹111.13 (+5.66%). Stock rebounded sharply from ₹98–100 support zone. Broke above short-term falling trendline (red) and retested horizontal resistance near ₹110–112. 🔹 Technical Observations Pattern: Trendline breakout with higher base formation. Volume: Pickup seen on bounce, supporting reversal. RSI: Turning up from neutral zone (~55), suggesting momentum revival. EMA: Trading above 20W EMA (₹105) and holding 50W EMA (₹98) as strong support. 🔹 Key Levels Immediate Resistance: ₹112. Major Resistance: ₹120 → ₹128. Immediate Support: ₹104. Major Support: ₹98. 🔹 Strength & Risk ✅ Bounce from confluence of support (trendline + EMA). ✅ Breakout of short-term falling trendline. ❌ Still near resistance zone at ₹110–112; needs follow-through. ❌ Failure to sustain above ₹104 could push stock back to ₹98. 🔹 Outlook Short Term: Positive bias; close above ₹112 can open path to ₹120+. Medium Term: Sustained move above ₹128 may extend rally towards ₹140+. Risk: Breakdown below ₹104 weakens setup; ₹98 is final support. 📌 Strategy Traders: Watch for a breakout above ₹112 with strong volumes. Investors: Accumulate gradually near ₹104–110, keeping SL below ₹98. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).

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