NLCINDIA | NLC India Ltd – Trendline Breakout with VolumeNLC India LimitedNSE:NLCINDIAkingqueenytchatNLC India has successfully broken its downward sloping trendline, signaling a potential trend reversal on the chart. Post breakout, the price has managed to sustain well above the 0.5 Fibonacci retracement level, indicating strong acceptance at higher levels. Momentum has picked up noticeably, supported by a clear expansion in volume, which adds conviction to the breakout. The overall price structure now favors further upside as long as the stock holds above the key Fibonacci support zone. Key Observations: Downward trendline breakout Price sustaining above 0.5 Fibonacci retracement Rising momentum with volume confirmation Upside Potential: 6–12% from current levels Bias: Bullish Invalidation: Sustained move below the 0.5 Fibonacci level Reversal: From demand zone it is reversed