Stock: Emami Ltd (NSE) CMP: ₹619.30 Timeframe: Weekly Technical Overview: Emami has given a clear breakout from a long-standing downward sloping resistance (orange line), confirming a shift in trend. After multiple weeks of sideways movement and price compression, this strong weekly candle has closed decisively above the resistance, backed by a sharp move. The stock has been respecting an upward sloping support line (green), forming higher lows — a strong bullish base. The price had been coiling between this support and resistance, forming a tight wedge — and now it has broken out to the upside. Momentum is visibly picking up, with increasing strength in price action. The breakout zone around ₹600–610 may now act as a new support in case of a retest. Emami Ltd has completed a classic breakout from a year-long range. Price structure, trendlines, and momentum suggest the stock is entering a fresh bullish phase. Next potential upside zone: ₹670–700 Support zone: ₹545–555 (recent swing low) This breakout opens the door for positional upside if sustained in coming sessions.

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