BBox (D) - Confirms Major Breakout After Prolonged StruggleBlack Box has successfully broken out from a major angular resistance trendline that had been a significant barrier since the stock's trend reversed in April 2025. After multiple failed attempts, the stock has spent the last few days decisively trading above this line, a move validated by sustained high volume and successful retests of the broken resistance as new support.
The breakout was further emphasized yesterday when the stock opened with a significant gap up , firmly establishing its position above the trendline. This entire sequence follows a bullish Double-Bottom reversal pattern in April 2025, which ended the downtrend from the stock's All-Time High in December 2024.
Comprehensive Bullish Confirmation 👍
The technical outlook is overwhelmingly positive, with strong confirmation across multiple timeframes:
- Multi-Timeframe Strength: The short-term Exponential Moving Averages (EMAs) are in a bullish crossover state across the daily, weekly, and monthly charts .
- Broad Momentum: The Relative Strength Index (RSI) also confirms a bullish crossover on the daily and weekly charts and is on the verge of doing so on the monthly chart.
- Volume Thrust: The breakout and subsequent trading have been characterized by exceptionally high volume , indicating strong institutional interest.
Outlook and Next Hurdle
While the breakout from the angular resistance is confirmed, the stock now faces another challenge: a long-term horizontal resistance trendline .
- Bullish Case 📈: If the current momentum is sustained and the stock can breach this upcoming horizontal resistance, the path could be clear for a move towards the ₹630 level.
- Bearish Case 📉: If this breakout proves to be false and momentum fades, the stock could pull back to find support near the ₹450 level. The price action in the coming days remains critical.
