DHANI |Rectangle Consolidation Breakout | Daily

450

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### 📈 **Breakout Overview:**

✅ **Rectangle Consolidation Breakout**

* **Consolidation Range:** ₹49.85 to ₹66.41
* **Breakout above:** ₹66.41
* **Current price:** ₹71.09 (+14.42% move today!)
* **Target projection:** ₹82.89–85 zone (based on rectangle height projection).

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### 📊 **Key Chart Signals:**

* **Volume Surge:** Big spike in volume confirms breakout strength.
* **RSI:** RSI above 70 (around 80) signals strong momentum.
* **Rectangle height move:** Rectangle height (\~₹16.48) added to breakout level projects target around ₹82.89–85.

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### 🔍 **What’s Next?**

* If the breakout sustains above ₹66.41, momentum likely to push price towards ₹82.89–85.
* Monitor for potential retest of the breakout zone (₹66–67) which would act as support.
* RSI being overbought (\~80) suggests possible minor pullback or consolidation before moving higher.

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### 💡 **Key Takeaway:**

DHANI has **successfully broken out** of a long consolidation zone, with **volume and momentum** supporting further upside towards **₹82.89–85**.

Penafian

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