Devis Lab - Darvas BOX Breakout

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📊 Technical Analysis Summary
✅ Pattern Identified
Darvas Box Breakout:
The price has broken out of a consolidation box (marked in blue) on strong volume, which is a bullish signal.

Volume Spike:
There is a noticeable increase in volume (highlighted in the orange circle), which validates the breakout. Volume confirmation is essential in Darvas Box patterns.

🔼 Price Action
Current Price: ₹6,279.50

Breakout from consolidation zone: ~₹6,025.50 - ₹6,250 range

🎯 Targets & Stop-Loss (SL)
Level Price (₹) Description
SL 6,025.50 Stop-loss below Darvas box base
TP1 6,759.80 First target based on box height
TP2 7,583.50 Second target (extended move)
Max TP ~7,792.95 Potential resistance/exit zone

🧠 Strategy Insights
Entry Zone: Entry ideally at or just above breakout (~₹6,250–₹6,300).

Risk-Reward Ratio:

To TP1: ~1.3x

To TP2: ~3.5x
Attractive risk/reward profile if SL is strictly followed.

Trend: Clearly bullish on the weekly timeframe.

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