📊 Indegene Ltd – Bullish Breakout From Consolidation
The stock has broken out of a prolonged consolidation zone with a strong bullish candle and rising momentum, indicating potential continuation of the uptrend.
🔎 Technical Observations:
• Strong breakout with above-average buying interest
• Price moving above key resistance zone
• Higher highs & higher lows formation intact
• Momentum indicators turning bullish
🔑 Key Levels:
• Support: ₹510–₹495
• Major Support: ₹480–₹455
• Resistance: ₹552–₹580
🚀 Upside Targets:
• ₹580
• ₹610
• ₹640+
📉 Risk:
A close below ₹495 may weaken the current bullish setup.
📈 Trading View:
👉 Breakout confirms fresh buying momentum.
👉 Sustaining above ₹552 can open the path towards higher targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊