GM Breweries (W) - An Explosive 22% Breakout Signals New Uptrend

After a corrective downtrend from its September 2024 all-time high, GM Breweries has executed a powerful, high-volume breakout, signaling that its consolidation phase is over and a new uptrend is likely underway.

The Bullish Setup
Following its reversal from a low in March 2025, the stock began constructing a solid base. It formed a clear pattern of Higher Lows, indicating a gradual absorption of supply and a shift in control from sellers to buyers. This constructive price action set the stage for a potential upward move.

This Week's Decisive Breakout
The past week's trading session was exceptionally strong, confirming the bullish bias with authority:

- Massive Weekly Gain: The stock surged by an impressive +22%.

- Exceptional Volume: The move was fueled by a massive volume of 11.88 million shares, signifying strong participation and conviction behind the rally.

- Key Resistance Breach: This surge resulted in a decisive breakout and close above a critical horizontal resistance level that had been in place since December 2024.

This bullish price action is further supported by momentum indicators. The short-term Exponential Moving Averages (EMAs) are in a positive crossover state, and the Relative Strength Index (RSI) is rising on both the Monthly and Weekly timeframes.

Outlook and Key Levels
The powerful, volume-backed breakout has cleared a path for potential further upside.

- Bullish Target: If this strong momentum is sustained, the next logical resistance and potential target is the ₹1,040 level.

- Key Support: In the event of short-term profit-booking or a pullback, the recently broken resistance level around ₹710 is now expected to act as the new floor of support.

The key confirmation to watch for in the coming days is whether the price can hold above this crucial **₹859** breakout zone. A successful defense of this level would strongly validate the new uptrend.