DCAL - Strong Resistance Breakout on Daily Chart

DCAL has broken out of the ₹200–₹212 resistance zone with strong bullish momentum.
A gap-up breakout ("Run Away Gap Created") is accompanied by a significant increase in volume, signaling strong buyer interest.

Higher Lows (HL):
The chart shows consistent higher lows, indicating a strong uptrend and accumulation phase prior to the breakout.

Stage 2 Breakout:
The price has entered a new stage of momentum, with potential targets at higher resistance levels (₹240 and ₹254).

Support Levels:
Immediate support is at the breakout zone of ₹190–₹200.
Stronger support lies at the upward trendline near ₹180.

Trade Setup for Next Week:

Entry Point:
Ideal entry is ₹212–₹215, post breakout confirmation, ensuring the price sustains above the resistance zone.

Targets:
First Target: ₹240 (minor resistance area).
Second Target: ₹254 (major resistance, "Stage 2 Breakout Level").

Stop-Loss:
Place a stop-loss just below the breakout level at ₹190, as a breach would invalidate the breakout.

Exit Plan:
Short-term traders: Exit around ₹240.
Medium-term traders: Hold for ₹254, using a trailing stop-loss to secure profits.