Stock up in price today: Savita Oil Technologies Hits Upper Circuit

$SOTL Savita Oil Technologies Ltd. surged 20% to ₹525.20 today, breaking out of a multi-week consolidation on strong volumes. The stock has broken out above the ₹450 resistance zone, confirming renewed buying interest. Price is trading well above its 10-day, 20-day, 50-day, and 200-day moving averages, indicating a strong bullish trend across multiple timeframes. Volume expanded sharply during the breakout, validating institutional participation and strengthening the move. The RSI has climbed above 80, reflecting powerful momentum, although the stock may witness short-term profit booking after such a steep rise. The breakout follows a prolonged cup-and-handle style formation, often associated with the start of a sustained uptrend.