1 Year Sideway consolidation Breakout

After a prolonged period of sideways consolidation, Deepak Chemtex Limited has successfully broken above a major resistance level at ₹110, signaling a possible trend reversal from bearish to bullish. The stock saw a strong price surge this week, closing at ₹122.57, marking a significant +21.36% gain. Importantly, this breakout was accompanied by a notable increase in trading volume, indicating strong buying interest and further validating the breakout's strength.