2 530

[Higher High Formation – Price made a new swing high above previous resistance.

Higher Low Formation – Pullbacks are holding above previous lows, confirming an uptrend.

Pivot Resistance Breakout – Previous resistance near ₹370 was broken and converted into support.

18 EMA > 200 EMA – Short-term EMA has crossed above the 200 EMA, a bullish trend signal.

Price Holding Near 200 EMA – Current correction is finding support near the 200 EMA.

Bull Flag Pattern – Downward-sloping consolidation after a strong rally; continuation pattern.

Positive Momentum – Momentum indicator remains above its signal line and above the zero line.

Strong Prior Rally (Flagpole) – Sharp advance before consolidation increases probability of continuation.

Support Retest Instead of Breakdown – Price is testing support rather than closing decisively below it.

Favorable Risk-Reward Setup – Support around ₹380 with potential upside toward ₹425–453.

Volume Expansion During Upmove – Higher volume accompanied the breakout rally.

Trend Structure Intact – No lower low has been formed yet; bullish market structure remains intact.

Bullish Score: 9/10 (provided ₹380 support holds and price breaks above ₹400–405).

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