INDNIPPON (D) - Hits New All-Time High After Dual BreakoutIndia Nippon Electricals has demonstrated exceptional bullish momentum, surging to a new All-Time High (ATH) yesterday with a powerful +11.24% gain on the back of massive trading volume.
This price surge follows two significant technical breakouts in September 2025:
1. A breakout from a prolonged consolidation phase that had been in place since January 2024.
2. A breakout from a very long-term angular resistance trendline that dated back to January 2020.
Since breaking out of consolidation last month, the stock has already gained over 24%.
Comprehensive Bullish Confirmation 👍
The upward move is strongly supported by a confluence of positive indicators across multiple timeframes:
- Broad-Based Strength: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state across the monthly, weekly, and daily charts .
- Confirmed Momentum: The Relative Strength Index (RSI) also shows a bullish crossover on the monthly and weekly charts, while the daily RSI is on the verge of confirming the same.
- Volume Trend: There has been a consistent increase in overall trading volume , indicating growing and sustained buyer interest.
Outlook and Key Levels
Given the rapid and significant price appreciation, a short-term pullback or consolidation would be a healthy technical development. A potential retest of the recent breakout level could offer a lower-risk entry point for new positions ("buy on dips").
- Bullish Case 📈: If the current momentum is sustained, the next potential price target on the upside is ₹1,118 .
- Bearish Case 📉: If the momentum is not sustained and a correction occurs, the stock could find support near the ₹900 level.
