SUPREMEPWR Technical Analysis Chart

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This material was created as a personal learning exercise with AI assistance for educational purposes. The author is not a SEBI-registered investment advisor, financial advisor, or research analyst. Nothing here constitutes a recommendation to buy, sell, or hold any security.

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₹219.15 Forming base | -48% from ATH

Chart annotations explained

₹420 — All-time high (July 2024), major overhead resistance

₹248 — 52-week high / base top (the pivot point to break for breakout)

₹219 — Current price, near upper-third of the base

₹190 — 50 DMA support area

₹165 — Base support / stop-loss reference level

₹100 — IPO/all-time low, ultimate floor

Purple box — ~12-month base building zone (₹165–₹248)

Classic post-IPO pattern: explosive run → deep correction → extended base. Volume drying up during the base is bullish (sellers exhausted). Pivot point at ₹248 — a weekly close above with volume expansion would confirm a breakout. Current setup has structure but hasn't triggered yet.

Important Notice: This document is provided strictly for educational purposes. The content was created with AI assistance as a learning exercise and has not been reviewed by any qualified financial professional. The author is not a SEBI-registered investment advisor or research analyst.

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