Vardhman Textiles – Breakout Attempt from Multi-Year Range (Weekly)

is showing signs of a structural breakout after a prolonged consolidation phase. The stock has been oscillating in a broad range and is now attempting to reclaim the ₹550–580 resistance zone. Technical Structure • Long consolidation forming a base near ₹380–420 • Price now attempting a range breakout near ₹560 zone • Trading above EMA with higher low formation • Structure suggests early stage trend reversal / continuation • Stochastic RSI in overbought zone, indicating strong momentum Key Levels to Watch Immediate resistance: ₹560–580 • Sustained breakout above ₹580 → Target 1: ₹620–650 Target 2: ₹700–750 Support levels: • Immediate: ₹510–520 • Major: ₹450–470 Fundamental Perspective • Integrated textile player with strong export exposure • Beneficiary of China+1 shift in textile sourcing • Margin recovery linked to cotton price stabilisation • Domestic + export demand recovery can act as trigger ➡️ A sustained move above ₹580 could mark the start of a fresh medium-term uptrend.