CT Breakout + H&S! What’s Brewing in Udaipur Cement?

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📌 Chart Overview
A clean Counter-Trendline (CT) breakout is visible on the weekly timeframe.
The breakout also aligns with a classic Inverted Head & Shoulders structure.
The left shoulder, head, and right shoulder are all clearly formed, suggesting a potential reversal pattern.

📌 Hidden Resistance Lines
Dotted white lines represent hidden resistances, derived from prior swing highs/lows.
The extended hidden line from the top acts as future resistance, adding confluence to the zone.

📌 Monthly Supply Zone
A monthly supply area is marked at ₹34.63, closely aligning with the extended hidden resistance.
This zone could act as a potential hurdle in the next leg up.

📌 Volume Analysis
Breakout lacks strong volume, which is a key point to remember.

Penafian

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