RATNAMANI

Breakout in Progress 📈

has delivered a clean breakout above a downward sloping trendline, supported by improving volumes, indicating renewed participation at lower levels. What stands out is the gradual accumulation zone being formed, with price structure now shifting towards higher highs on rising volume, a classic sign of trend reversal strength rather than a short-term spike. From a business perspective, the company remains fundamentally steady, with strong positioning in pipes, titanium welded tubes, carbon steel pipes, and pipe bends, catering to core industries like oil & gas, refineries, thermal and nuclear power, chemicals, and petrochemicals, sectors with sustained capex cycles. Momentum indicators are also aligning: Daily RSI: 61.62 (strength building in bullish zone) Weekly RSI: 55 (early-stage trend expansion) Overall, price structure + volume confirmation + stable fundamentals suggest the possibility of a constructive upside phase, provided follow-through buying sustains.