RPGLIFE | Falling wedge breakout

### 📊 **RPG Life Sciences Ltd - Technical Analysis Summary (Daily Chart)**

#### ⚡ **Breakout Observed**

* **Pattern**: Falling wedge breakout
* **Breakout Candle**: Strong bullish candle with \~6.88% gain on significant volume (107.98K)
* **Resistance Line Broken**: The upper descending trendline has been convincingly breached

#### 🎯 **Target Projection**

* **Measured Move**: ₹908.40 (from widest part of wedge)
* **Breakout Target**:
**Breakout Point**: ₹2,260 approx
**Target Price**: ₹2,260 + ₹908 = **₹3,176**

#### 📌 **Key Price Levels**

* **Current Price**: ₹2,416.70
* **Support**: ₹1,954 (recent base support)
* **Resistance/Target**: ₹3,176
* **Stop Loss Suggestion**: Below ₹2,100 or the wedge's upper line retest zone

#### 📈 **Indicators & Volume**

* **Volume**: Spike confirms breakout strength
* **RSI**: 66.28 – bullish with breakout above descending RSI trendline
* **EMA Confluence**:

* EMA-8: +4.65%
* EMA-21: +7.86%
* EMA-55: +9.72%
* EMA-144: +10.6%

#### 🧠 **Inference**

* A **bullish breakout** from a long consolidation zone.
* Volume and RSI confirmation add strength.
* Expected 30–40% upside from breakout level.