⚙️ Sandur Manganese & Iron Ores Ltd. – Strong Breakout into Supply Zone

🔹 Price Action CMP: ₹194.54 (+20.01%). The stock has broken out from a multi-month falling channel with massive volume expansion. Price now approaches the key ₹200–210 supply zone, where previous rallies stalled. 🔹 Technical Observations Pattern: Falling Channel Breakout + Ascending Trendline Support intact. Volume: Highest in recent months — strong confirmation of breakout. RSI: Sharp surge to ~67, indicating strong momentum but near short-term overbought zone. OBV: New highs confirming accumulation strength. Structure: Higher lows on weekly chart support medium-term trend reversal. 🔹 Key Levels Immediate Resistance: ₹200–210 (supply zone). Major Resistance: ₹225. Immediate Support: ₹170. Major Support: ₹155. 🔹 Strength & Risk ✅ Breakout from long consolidation with heavy volume. ✅ Bullish structure – rising trendline with positive RSI and OBV confirmation. ❌ Stock at supply zone – may face near-term resistance around ₹200–210. ❌ RSI in upper band, expect mild profit booking or sideways consolidation. 🔹 Outlook Short Term: Positive bias; likely to consolidate around ₹185–210 zone before next leg up. Medium Term: Sustained close above ₹210 can open upside towards ₹240–250. Risk: Breakdown below ₹170 would weaken structure. 📌 Strategy Traders: Book partial profits near ₹200–210; re-enter on retest around ₹175–185. Investors: Accumulate on dips toward ₹165–175, with SL below ₹155. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).