Some charts demand your full attention. This is one of them.
SEAMEC has been moving inside a clean ascending channel since 2019 — seven full years. Every time price touched the lower band buyers showed up without fail. No exceptions. The structure has been respected through bull markets, bear markets and everything in between.
Now here is where it gets interesting.
From the 2025 low of ₹800 the stock has rallied 113% in under 12 months — straight into the upper boundary of that 7 year channel. And this week it got there with 38.74K volume — the biggest weekly volume in years. That kind of volume at a major resistance level is not noise. That is institutions making a decision.
Two scenarios from here.
If the upper band holds — price pulls back to mid channel ₹1,200 to ₹1,300. Healthy correction. Channel intact. Next opportunity to accumulate.
If the upper band breaks — 7 year channel breakout on record volume. Measured target opens up to ₹2,200 to ₹2,500. That is 30 to 50% from current levels.
The answer comes with a weekly close above ₹1,750.
Seven years of structure. Record volume. Upper band on test.
These setups don't come often. When they do — you pay attention.
SEAMEC has been moving inside a clean ascending channel since 2019 — seven full years. Every time price touched the lower band buyers showed up without fail. No exceptions. The structure has been respected through bull markets, bear markets and everything in between.
Now here is where it gets interesting.
From the 2025 low of ₹800 the stock has rallied 113% in under 12 months — straight into the upper boundary of that 7 year channel. And this week it got there with 38.74K volume — the biggest weekly volume in years. That kind of volume at a major resistance level is not noise. That is institutions making a decision.
Two scenarios from here.
If the upper band holds — price pulls back to mid channel ₹1,200 to ₹1,300. Healthy correction. Channel intact. Next opportunity to accumulate.
If the upper band breaks — 7 year channel breakout on record volume. Measured target opens up to ₹2,200 to ₹2,500. That is 30 to 50% from current levels.
The answer comes with a weekly close above ₹1,750.
Seven years of structure. Record volume. Upper band on test.
These setups don't come often. When they do — you pay attention.
SiripiVenu
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.
SiripiVenu
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.