📊 Technical Analysis: Intellect Design Arena (NSE: INTELLECT)
🧠 Chart Pattern: Descending Resistance Line Breakout
The stock has been facing resistance from a descending trendline connecting multiple lower highs from March 2024 until now.
Recently, the price has closed just above this descending resistance line around the ₹1,020–₹1,030 level, indicating a potential breakout.
🚀 Breakout Details (May 15, 2025):
Close: ₹1,025.65
Day’s Move: +₹49.75 (+5.10%)
Volume: 1.88M — above average, supporting the breakout attempt.
📌 Technical Signals:
A break above the descending trendline resistance signals a possible end to the downtrend.
The increase in volume confirms the breakout attempt is backed by strong buying interest.
The stock has shown strong momentum, climbing steadily from lows near ₹600 earlier in 2025.
🎯 Potential Upside Target:
The breakout opens up room for a move towards previous highs around:
Target 1: ₹1,100
Target 2: ₹1,200+ based on earlier resistance peaks.
🛡️ Support Levels:
Immediate support is expected near the breakout zone around ₹1,000–₹1,020.
Holding above this trendline now turned support would validate the breakout.
🧠 Chart Pattern: Descending Resistance Line Breakout
The stock has been facing resistance from a descending trendline connecting multiple lower highs from March 2024 until now.
Recently, the price has closed just above this descending resistance line around the ₹1,020–₹1,030 level, indicating a potential breakout.
🚀 Breakout Details (May 15, 2025):
Close: ₹1,025.65
Day’s Move: +₹49.75 (+5.10%)
Volume: 1.88M — above average, supporting the breakout attempt.
📌 Technical Signals:
A break above the descending trendline resistance signals a possible end to the downtrend.
The increase in volume confirms the breakout attempt is backed by strong buying interest.
The stock has shown strong momentum, climbing steadily from lows near ₹600 earlier in 2025.
🎯 Potential Upside Target:
The breakout opens up room for a move towards previous highs around:
Target 1: ₹1,100
Target 2: ₹1,200+ based on earlier resistance peaks.
🛡️ Support Levels:
Immediate support is expected near the breakout zone around ₹1,000–₹1,020.
Holding above this trendline now turned support would validate the breakout.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.