Technical Analysis Dwarikesh Sugar

The stock

chart shows a clear prolonged downtrend starting from mid-2025 around the 52.00 level and bottoming out near 32.00 in early February 2026. A strong trend reversal is currently in play. Since hitting the bottom in February the stock has started forming higher highs and higher lows establishing a solid short-term uptrend. Price Action & Breakout the price has recently broken past the crucial 38.00–40.00 zone, which acted as resistance during the downtrend. Currently trading at 42.25 the steep upward angle of the recent daily candles indicates aggressive buying and strong bullish momentum. Immediate support the recent breakout level of 38.00 - 40.00 should now act as a strong support floor. There is also a clearly marked secondary support around the 36.96 level. Immediate resistance moving forward the stock may face some minor selling pressure around 44.00 - 46.00. If it crosses that the next major hurdle is the previous supply zone near 50.00 - 52.00. The technical setup looks highly bullish. The stock has successfully broken out of a multi-month downtrend with excellent volume confirmation. As long as the price sustains above the 38.00 support zone the near-term outlook remains positive. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.