Breakout is clean, volume is strong

Technical Analysis:
Parameter Observation
Structure - Rounded base breakout (clean cup-type) above major EMAs
Trend- Bullish – Higher highs, higher lows
Breakout Type- Horizontal breakout from 550–555 consolidation range
Volume- Volume spike visible (392K vs 30D avg 237K) – ✓ CONFIRMED VOLUME
Moving Averages- Price above 10, 20, 50, 100, 200 EMAs – all stacked bullishly
RSI (14)- 65.41 – strong but not overheated
RS vs NIFTY (RSM)- Green and trending above 0 – relative strength confirmed
VWAP -Price strongly above VWAP – bullish confirmation
Sector -Auto Parts – showing rotation/momentum (Check peers: MOTHERSON, SONA)
🔽 Entry Zone
📍 ₹560 – ₹578
(Current close ₹572.90 – within perfect range)

🚫 Avoid Entry If
Price closes below ₹552 (EMA 10 & support zone)

Sharp gap-up above ₹590 without retest

🛡️ Stop-Loss (SL)
📉 ₹546 (EOD close basis)
(Just below breakout + minor swing low – tight but logical)

🎯 Target 1
📈 ₹610 (Previous high / ICICI report target)

🎯🎯 Target 2
📈 ₹648–660 (Longer-term swing extension zone + fib cluster)