SHAREIND (D) - Explodes 31%, Now Challenges Major ResistanceShare India Securities has shown an incredible burst of strength over the past two sessions, signaling a potential trend reversal. However, this explosive rally has now run directly into a major historical resistance level, setting up a critical test for the bulls.
The Context: A Powerful Reversal Attempt
After a prolonged downtrend from its All-Time High in February 2024, the stock recently began showing signs of life by forming a series of Higher Lows . This subtle shift culminated in an explosive rally over the past two sessions:
- The stock has surged by a massive 31% in just two days.
- Today's session (Thursday, October 16, 2025) saw a gap-up opening and a +19.96% gain on huge volume of 10.5 million shares.
This powerful move has brought the price right up against a key horizontal resistance trendline — a level that has successfully rejected several rally attempts in the past, making it a significant hurdle.
A Nuanced Look at the Indicators
The technical indicators paint a picture of a new, but not yet fully confirmed, uptrend:
- Positives: The Relative Strength Index (RSI) is now rising across the Monthly, Weekly, and Daily timeframes, indicating a broad-based improvement in momentum. The short-term EMAs have also turned bullish on the Daily chart.
- Points of Caution: The short-term EMAs on the longer-term Weekly and Monthly charts have not yet registered a bullish crossover . This suggests that while the short-term trend has reversed, the long-term trend has not yet fully confirmed the move.
Outlook and Key Triggers to Watch
The immediate future of the stock depends entirely on the outcome of the battle at this key resistance.
- Bullish Breakout Scenario: A decisive close above the horizontal resistance on high volume would be a major victory for the bulls. It would confirm the trend reversal and could propel the stock towards the ₹220 level.
- Potential Rejection Scenario: If the stock is unable to breach this strong resistance, the rally may stall, leading to a pullback. In this case, the stock could retrace to the recent support level around ₹125 .
In conclusion, Share India is at a "prove it" moment. While the recent surge is incredibly powerful, it must now overcome a historically significant resistance level to prove that this is the start of a sustainable new uptrend and not just a sharp bear-market rally.
