little late but still good till 125 and then BOKey Observations:
Current Price Action:
The stock closed at ₹121.50 with a strong bullish candle, gaining +2.55% today.
It broke above a horizontal resistance zone around ₹114.66, now turned support.
The breakout candle is accompanied by increased volume, indicating strength and participation.
Resistance Zone:
The next immediate resistance is around ₹125.63, a previous swing high.
If the price sustains above ₹121, it could attempt to retest or break ₹125.63.
Support Zone:
The breakout level of ₹114.66 now acts as strong support.
Below that, minor support can be seen around ₹108.
Trend:
The stock was in a consolidation phase for a couple of months.
Recent higher lows and today's breakout suggest bullish momentum building up.
Volume:
Volume spikes on breakout candles generally confirm institutional interest or high conviction among traders.
What to Watch Next:
Sustained move above ₹121 could lead to a rally toward ₹125.63 or higher.
Failure to hold above ₹114.66 may invalidate the breakout, leading to a pullback.
Watch for follow-through candles and volume confirmation in the coming sessions.
