DOMS Industries Ltd – Range Breakout Attempt After Earnings.

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DOMS Industries continues to trade inside a well-defined range structure, with price repeatedly rejecting the ₹2,630–₹2,660 resistance zone. The recent strong bullish candle toward the upper boundary, combined with improving sentiment after earnings, signals a potential breakout attempt.

A clear gap zone retest around ₹2,520–₹2,550 provided a solid base. Support at ₹2,450 has held cleanly multiple times, validating the lower boundary of the range.

With volume slowly recovering from its multi-week decline and price pressing into resistance again, DOMS is approaching a decisive move.

🎯 Key Technical Levels
CMP: ₹2,621.70 (+4.49%)
Resistance Zone: ₹2,630 – ₹2,660 (Range high)
Gap Support: ₹2,520 – ₹2,550
Major Support: ₹2,450
Breakout Levels to Watch: Close above ₹2,660 with strong volume

📈 Technical View
Price is respecting a horizontal range for several weeks.
Repeated rejections highlighted by circles show strong supply near ₹2,650.
Gap zone acted as demand, helping price bounce back toward resistance.
Volume trend has been falling, suggesting participation has been subdued — a pickup in volume during any breakout would be critical.

Structure stays bullish above ₹2,520; bearish only if price closes below ₹2,450.

📊 Latest Earnings Snapshot
DOMS continues to deliver strong quarterly performance, supporting the technical setup:
Q2 FY26 (Sep 2025):
Net Profit: ~₹55.8 Cr
YoY Profit Growth: ~16%
Q1 FY26:
Revenue: ₹508.7 Cr (↑ ~26% YoY)
PAT: ~₹59.1 Cr (↑ ~8.8% YoY)
Consistent earnings growth strengthens the medium-term outlook and boosts confidence in a potential range breakout.

🧠 View
DOMS is back at its major resistance zone after a clean bounce from the gap support. A strong-volume breakout above ₹2,660 can trigger a momentum extension toward fresh highs, while ₹2,520 and ₹2,450 remain key demand zones to watch.

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