Devyani Int (W): Aggressive Bullish, Turnaround at Major Support

(Timeframe: Weekly | Scale: Logarithmic)

The stock has confirmed a major "V-Shape Reversal" from its long-term support zone of ₹110. The surge is backed by "Climax Volume" and a positive reception to its Q3 operational updates, signaling that the 2-year correction might be over.

🚀 1. The Fundamental Catalyst (The "Why")
The technical reversal is driven by a shift in sentiment:

> Q3 FY26 Earnings: The market focused on the positives—Revenue up 11% YoY and operational efficiency improvements—ignoring the bottom-line loss.
> Management Change: The announcement of a new CEO (effective April 1) has been viewed as a positive step for future strategy.
> Valuation Comfort: After falling ~30% in the last year, the stock had priced in most negatives at ₹110.

📈 2. The Chart Structure (The Base)

> The Support (The Floor): At ₹112 level. This zone has been a demand magnet since 2022.
- Confirmation: The Weekly Hammer followed by a massive Green Candle (Marubozu-like) confirms a "Morning Star" type reversal.

> The Volume: The 116 Million volume is an "Institutional Stamp." Retail traders typically cannot generate this volume; it indicates that big funds are "bottom fishing."

📊 3. Technical Indicators

> RSI: Rising from the Oversold zone. This "V-turn" in RSI usually precedes a sharp recovery rally.
> Price Action: The stock has closed above its short-term moving averages (20-Day EMA), signaling a trend shift.

🎯 4. Future Scenarios & Key Levels
The stock is now in "Recovery Mode."

🐂 Bullish Targets (The Pullback Rally):
- Target 1: ₹150.
- Target 2: ₹170.

🛡️ Support (The "Must Hold"):
- Immediate Support: ₹120 – ₹123.
- Stop Loss: A weekly close below ₹110 would invalidate the entire reversal structure.

Conclusion
This is a Grade A Reversal Setup.

> Refinement: The "Hammer" was the signal; the "Earnings Volume" was the confirmation.
> Strategy: The reversal is valid. Use any dip to enter/add.