sumitomo chem india ltd | Wtf major breakout!

📌 counter trendline (ct) – The yellow line that acted as resistance for the stock during its downtrend. The price has now broken above this, indicating a potential reversal.

📌 hidden line (hl) – The white line marking a key resistance level. Once this was breached, it signaled strong bullish momentum.

📌 trendline (t) – The green line acting as a long-term support. As long as the stock respects this trendline, the bullish structure remains intact.

📊 volume confirmation – A noticeable increase in volume suggests strong buyer interest, adding weight to the breakout.

What’s your take on this setup? 📈