EPL Ltd (NSE: EPL) – A Multi-Year Breakout in the Making?

Pattern: Symmetrical Triangle | Timeframe: Monthly | CMP: ₹208
Potential Target: ₹430+ | Key Resistance: ₹259.50 | Support: ₹170.20

📐Technical Breakdown

EPL Ltd has been forming a massive symmetrical triangle for over 3 years – a classic pattern that signals a strong directional move ahead. The breakout in 2023 failed to sustain, but what followed was more bullish: a textbook retest of the breakout zone, holding above long-term support at ₹170.

The current monthly candle is showing signs of reversal right at the converging trendline – suggesting bulls are stepping back in. 📈

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🔥Why EPL Could Explode:

* ✅ Breakout from a multi-year consolidation
* ✅ Strong bounce from trendline support
* ✅ Huge price contraction = energy building up
* ✅ Target of ₹430 implies 100%+ upside
* ✅ Solid risk-reward setup for*swing/positional trades

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🛡️Risk Management:
Below ₹170 = setup invalidation. Keep stop-losses tight if trading short-term.

💬 What’s Your View?
Do you think EPL is gearing up for a major move? Drop your thoughts in the comments!

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