This stock is displaying one of the most powerful bullish technical signals possible: a decisive breakout from a 25-year angular resistance trendline. This is a major, long-term secular trend change.
📈 1. The Long-Term Context
- The 25-Year Pattern: Since its peak in April 2000, the stock has been held down by a massive, multi-decade angular resistance trendline.
- The Bottom & Reversal:The stock formed its ultimate bottom in March 2009. Since then, it has been in a slow, 16-year recovery, forming a pattern of Higher Lows against this unbreachable resistance.
- Volume Contraction: Volume was declining (or contracting) during the final phases of this consolidation. This is a classic sign of seller exhaustion right before a major breakout.
🚀 2. The Decisive Breakout
In October 2025, this 25-year pattern was shattered:
- The Surge: The stock surged +26.61% in a single month.
- High-Conviction Volume: This move was backed by a massive spike in volume (2.77 Million shares), confirming strong institutional interest and the validity of the breakout.
- The Close: Most importantly, the stock closed firmly above the 25-year trendline, signaling the "lid" has finally been broken.
📊 3. Key Technical Indicators
The underlying momentum supports this new long-term trend:
- RSI: The Relative Strength Index is rising, showing that strong buying momentum is accelerating.
- EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state, confirming the new bullish trend is in effect across timeframes.
🎯 4. Future Scenarios & Key Levels to Watch
This breakout provides a very clear road map.
🐂 The Bullish Case (Confirmation)
- Confirmation: The "gold standard" for a breakout of this magnitude is a successful "re-test." We want to see the price pull back to the old trendline (now new support, around ₹560) and "bounce," confirming the breakout is genuine.
- Target: Once confirmed, the next logical technical price target is ₹787.
🐻 The Bearish Case (Breakout Failure)
- Trigger: If the momentum is not sustained, and the breakout is a "fakeout" (a "bull trap").
- Confirmation: The stock fails to hold its gains and closes back below the broken trendline (around ₹560 support level) on high volume.
- Target: This failure would invalidate the immediate thesis and likely lead to a sharp sell-off.
📈 1. The Long-Term Context
- The 25-Year Pattern: Since its peak in April 2000, the stock has been held down by a massive, multi-decade angular resistance trendline.
- The Bottom & Reversal:The stock formed its ultimate bottom in March 2009. Since then, it has been in a slow, 16-year recovery, forming a pattern of Higher Lows against this unbreachable resistance.
- Volume Contraction: Volume was declining (or contracting) during the final phases of this consolidation. This is a classic sign of seller exhaustion right before a major breakout.
🚀 2. The Decisive Breakout
In October 2025, this 25-year pattern was shattered:
- The Surge: The stock surged +26.61% in a single month.
- High-Conviction Volume: This move was backed by a massive spike in volume (2.77 Million shares), confirming strong institutional interest and the validity of the breakout.
- The Close: Most importantly, the stock closed firmly above the 25-year trendline, signaling the "lid" has finally been broken.
📊 3. Key Technical Indicators
The underlying momentum supports this new long-term trend:
- RSI: The Relative Strength Index is rising, showing that strong buying momentum is accelerating.
- EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state, confirming the new bullish trend is in effect across timeframes.
🎯 4. Future Scenarios & Key Levels to Watch
This breakout provides a very clear road map.
🐂 The Bullish Case (Confirmation)
- Confirmation: The "gold standard" for a breakout of this magnitude is a successful "re-test." We want to see the price pull back to the old trendline (now new support, around ₹560) and "bounce," confirming the breakout is genuine.
- Target: Once confirmed, the next logical technical price target is ₹787.
🐻 The Bearish Case (Breakout Failure)
- Trigger: If the momentum is not sustained, and the breakout is a "fakeout" (a "bull trap").
- Confirmation: The stock fails to hold its gains and closes back below the broken trendline (around ₹560 support level) on high volume.
- Target: This failure would invalidate the immediate thesis and likely lead to a sharp sell-off.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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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.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.