Allied Blenders & Distillers Ltd – Bullish Breakout Setup
📊 Allied Blenders & Distillers Ltd – Bullish Breakout Setup
The stock is showing strong bullish momentum after a falling-wedge breakout, supported by rising volume and positive price action.
🔎 Technical View:
• Falling Wedge breakout confirmed
• Strong bullish candle near ₹685
• Price above key support zones
• RSI near 70, showing strong momentum
• Buying interest increasing with volume
🔑 Key Levels:
• Support: ₹673 – ₹658
• Major Support: ₹649 – ₹644
• Resistance: ₹703 – ₹718
🚀 Targets:
• ₹703
• ₹718
• ₹733+
📉 Risk:
Break below ₹658 may weaken the setup.
📈 View:
Sustained move above ₹703 can support further upside toward higher targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊