💡 Stylam Industries – Consolidation Zone, Breakout Expected

🔹 Price Action Closed at ₹1,835.10 (+10.71%), strong bullish candle. Stock is again stuck in the ₹1,500–₹1,900 Darvas Box range. Multiple rejections from ₹1,875–₹1,900 zone in the past. 🔹 Technical Observations Rising RSI Trendline: Strength is building gradually, suggesting accumulation. Price has respected ₹1,500 support multiple times → strong base. Volume spike this week supports breakout probability. 🔹 Key Levels Support: ₹1,750 → ₹1,500 (major floor). Resistance: ₹1,875–₹1,900 → breakout zone. Sustaining above ₹1,900 could open room towards ₹2,100–₹2,250. 🔹 Indicators RSI ~55 with higher lows → bullish divergence vs price range. Volume expansion near resistance = breakout anticipation. Rising trendline on RSI adds conviction. 🔹 Strength & Risk ✅ Strong base built over months. ✅ Rising RSI and volume support potential breakout. ❌ Multiple failed attempts at ₹1,875–₹1,900 zone. ❌ Need weekly close above ₹1,900 for confirmation. 🔹 Outlook Short Term: Range-bound between ₹1,750–₹1,900 until breakout. Medium Term: Above ₹1,900, stock may rally towards ₹2,100–₹2,250. Strategy: Accumulation possible near ₹1,750–₹1,800 with stop-loss below ₹1,500. 📢 Disclaimer: Educational purpose only, not financial advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).