Centum Electronics – Breakout Setup with Higher High Formation (Daily)

is showing a strong uptrend continuation setup, with the stock forming higher highs and higher lows. After a phase of consolidation, price is now approaching a key resistance zone near ₹3,000, indicating a potential breakout scenario. Technical Structure The stock is clearly in a bullish structure with accumulation phases. Key observations: • Formation of higher lows → higher highs, confirming uptrend • Price trading above short-term EMA, indicating sustained momentum • Recent consolidation followed by strong upward move • Attempt to break previous swing highs near ₹3,000 • Stochastic RSI bouncing from lower levels, signalling fresh momentum Key Levels to Watch Immediate resistance: ₹3,000–3,050 • Breakout above ₹3,050 → Target 1: ₹3,300–3,400 Target 2: ₹3,600–3,800 Support levels: • Immediate: ₹2,750–2,800 • Major: ₹2,500–2,600 A breakdown below ₹2,500 could weaken the bullish structure. Fundamental Perspective Centum operates in the defence electronics, aerospace, and EMS (electronics manufacturing services) segment. Key triggers: • Strong push in defence indigenisation & electronics manufacturing • Participation in high-value aerospace and defence projects • Beneficiary of PLI schemes and import substitution themes • Increasing demand for high-end electronics & subsystems ➡️ With a strong trend structure and approaching breakout zone, Centum could see momentum continuation if ₹3,050 is cleared decisively