Breakout Confirmation:
Current CMP: ₹558.05
-Breakout Level: ₹496.30
-The stock has recently broken out of a long-range consolidation pattern.
Target Levels:
-Based on technical analysis (rectangle breakout pattern), the price target is ₹700 - ₹750.
Volume Confirmation:
-Relative Volume: 7.21X (indicating strong interest and participation in the move).
Fundamental Strength:
-Sales for the last quarter (YoY) are positive.
-EPS is positive, indicating profitability and financial stability.
Technical Indicators:
-Relative Strength Index (RSI): 87 (indicating strong bullish momentum).
-On-Balance Volume (OBV): High, indicating accumulation and strength in buying pressure.