Breakout Confirmation:
Strong bullish breakout above the ₹195–₹198 resistance zone.
Volume & Strength:
A breakout after a multi-week sideways range indicates potential trend reversal from the previous downtrend.
Resistance Ahead:
Immediate resistance near ₹208–₹212, which coincides with March swing highs.
Major resistance at ₹225, then ₹240.
Support Levels: New support at breakout zone: ₹195–₹198.
Stronger base at ₹185-170.
Trend Shift: The chart shows a base formation between ₹170–₹195, now breaking out.
If price sustains above ₹198 for 1–2 sessions, it confirms a short-term uptrend.
Conclusion:
Bullish bias above ₹198 with upside targets of ₹208 → ₹225.
Watch for retest of ₹198 for fresh entries with SL below ₹193.
Avoid if it dips below ₹190 with volume – that would invalidate the breakout.
Note
Above view is only for educational purpose, no any buy or sell recommendation. 
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.
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.