Lloyds Metals Breakout Above Trendline | Bullish Momentum Buildi

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Lloyds Metals Breakout Above Trendline | Bullish Momentum BuildiLloyds Metals & Energy Ltd.NSE:LLOYDSMESahil_jangra15Lloyds Metals & Energy Ltd. has successfully broken above its long-term descending trendline resistance on the daily timeframe, indicating a potential bullish breakout setup. Price has reclaimed the key resistance zone around ₹1,250–₹1,280, which was acting as a strong supply area. The breakout is supported by improving price structure and rising short-term moving averages, suggesting momentum may continue on the upside. If the breakout sustains above this zone, the stock may move towards the next resistance levels of ₹1,450–₹1,500, followed by a possible extended target near ₹1,600+.