Celia World Ltd – Educational Technical Breakdown
(SEBI Reg. INH000019886 | For Learning Purpose Only)
The chart reflects a textbook Rising Wedge breakdown, followed by a prolonged decline inside a parallel falling channel. Now, price has shown a strong bounce from the lower band with improving volume — signalling potential short-term reversal strength.
🔍 Key Technical Highlights
Rising Wedge breakdown triggered the entire downtrend
Stock moved in a clean falling channel for weeks
Fresh bullish candle with expanding volume at channel support
Price reclaiming short-term EMA → early trend shift signs
Bollinger Bands showing squeeze → expansion behaviour
🎯 Edu Levels
Immediate Resistance: ₹578–580
Support Zone: ₹533
Pattern Reversal Target Zone: ~₹620–635
📈 Summary
If price sustains above ₹578, momentum could extend toward the upper zone near ₹620+. Volume confirmation supports the bounce, but trend strength will be clearer only after a breakout from the falling structure.
⚠️ Educational Purpose Only
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Celia World Ltd – Educational Technical Breakdown
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