GALLANTT |Symmetrical Triangle | Daily

170

### 🔍 Technical Snapshot
- **Breakout Alert**: The symmetrical triangle shows a bullish breakout above ₹488, with a strong follow-through toward ₹506.40. That breakout level was respected perfectly—classic pattern behavior.
- **Target**: The projected target of ₹580.50 looks feasible based on the height of the triangle and the breakout momentum.
- **Volume Surge**: Today's volume is a whopping 1.66M—over 10x the 5-day average—with an rVol of 1052%. That kind of participation typically supports sustained momentum.

### 📉 Trend and Indicators
- **Descending Channels**: The stock escaped not one but *two* descending channels—suggesting a reversal in structure.
- **RSI at 42.15**: Room for upside. It’s not overbought, meaning there’s still breathing room for a move toward the target.
- **EMA Support**: Price is comfortably above short and long-term EMAs (8, 21, 55, 144), which is a bullish alignment.

### 🧾 Fundamental Flash
- **EPS Growth**: Consistent quarterly growth, with a standout 599.9% QoQ jump in Sep 2024. That's explosive.
- **U/D Ratio**: 22 up days out of 28 with a U/D Ratio of 2.07—implying steady buying pressure over time.


Penafian

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