VISHAL MEGA MART LTD
Long

little late but still good till 125 and then BO

42
Key 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.

Disclaimer

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