🏗️ PRESTIGE ESTATES: One Breakout Done — One Test Ahead 📈

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📉 Technical View: ✅ Range breakout confirmed at ₹1,760 (📐 Rectangle pattern) 📈 Moving inside a clear ascending channel since April (📐 trend continuation) 🎯 Conservative target = ₹1,900 (major weekly resistance still intact) 📌 If ₹1,900 breaks: 1. Target 1: ₹2,050–₹2,070 2. Target 2: ₹2,190 (Potential supply zone at weekly time frame) 📉 Supports: ₹1,720 / ₹1,640 📊 RSI strong — ⚠️ Avoid short-term entries if RSI > 75 ---------------------------------------------------------------------- 🧠 Fundamental View: 💥 Q1 FY26 pre-sales = ₹12,126 Cr (~300% YoY) 🔍 Why the spike? 1. Q1 FY25 = ₹3,029 Cr (low base due to delayed launches) 2. Q1 FY26 driven by “The Prestige City – Indirapuram (NCR)” ↳ Contributed over ₹7,000 Cr in bookings 📌 So the growth = low base effect + blockbuster project launch --------------------------------------------------------------------- ⚠️ Caution Ahead: Q1 was exceptional — growth will normalize Execution quality, interest rate environment, and volume confirmation are key 💬 ₹1,900 is the level to watch — structure is bullish, but breakout needs confirmation