Technical
Long consolidation between ₹2,400–₹2,800 resolved upward.
Clean breakout and acceptance above ₹2,800.
Prior downtrend invalidated.
RSI >60 confirms momentum regime shift.
Volume expansion on breakout, no rejection so far.
Levels
Buy zone: ₹2,800–2,900
Invalidation: Daily close < ₹2,750 (hard fail < ₹2,700)
Targets
T1: ₹3,450–3,550 (prior V-top / supply)
T2: ₹4,400–4,600 (measured move from base)
Fundamental support (brief)
H1 FY26 revenue +14%, US business +42% YoY.
Normalized EBITDA ~27–28%, ROCE ~33%.
Strong balance sheet, dividend + capex confidence.
Growth-focused execution, not margin gimmicks.
View
This is a post-acceptance breakout, not a chase.
As long as price holds above ₹2,800, path of least resistance is up.
Disclaimer
Not financial advice.
Long consolidation between ₹2,400–₹2,800 resolved upward.
Clean breakout and acceptance above ₹2,800.
Prior downtrend invalidated.
RSI >60 confirms momentum regime shift.
Volume expansion on breakout, no rejection so far.
Levels
Buy zone: ₹2,800–2,900
Invalidation: Daily close < ₹2,750 (hard fail < ₹2,700)
Targets
T1: ₹3,450–3,550 (prior V-top / supply)
T2: ₹4,400–4,600 (measured move from base)
Fundamental support (brief)
H1 FY26 revenue +14%, US business +42% YoY.
Normalized EBITDA ~27–28%, ROCE ~33%.
Strong balance sheet, dividend + capex confidence.
Growth-focused execution, not margin gimmicks.
View
This is a post-acceptance breakout, not a chase.
As long as price holds above ₹2,800, path of least resistance is up.
Disclaimer
Not financial advice.
Trade closed: stop reached
todays close 2681 breaks the trendline
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.