### 🔍 Technical Snapshot
- **Breakout Alert**: The symmetrical triangle shows a bullish breakout above ₹488, with a strong follow-through toward ₹506.40. That breakout level was respected perfectly—classic pattern behavior.
- **Target**: The projected target of ₹580.50 looks feasible based on the height of the triangle and the breakout momentum.
- **Volume Surge**: Today's volume is a whopping 1.66M—over 10x the 5-day average—with an rVol of 1052%. That kind of participation typically supports sustained momentum.
### 📉 Trend and Indicators
- **Descending Channels**: The stock escaped not one but *two* descending channels—suggesting a reversal in structure.
- **RSI at 42.15**: Room for upside. It’s not overbought, meaning there’s still breathing room for a move toward the target.
- **EMA Support**: Price is comfortably above short and long-term EMAs (8, 21, 55, 144), which is a bullish alignment.
### 🧾 Fundamental Flash
- **EPS Growth**: Consistent quarterly growth, with a standout 599.9% QoQ jump in Sep 2024. That's explosive.
- **U/D Ratio**: 22 up days out of 28 with a U/D Ratio of 2.07—implying steady buying pressure over time.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.