KIMS on the verge of a breakoutKrishna Institute of Medical Sciences LimitedNSE:KIMSJ_H_LoLooking at this chart, I see several positive factors: Bullish Points Strong Resistance Breakout The resistance level around ₹790 had held firm for several months. The price is now re-testing that resistance level. A decisive breakout above the ₹790–800 range could trigger a new uptrend. Moving Average Structure The price is trading above all key moving averages (20, 50, 100, and 200 DMA). A 50 DMA > 100 DMA > 200 DMA alignment is forming, which is considered a bullish setup for the medium term. Volume Support Volume has increased during the recent rally. The volume on the latest candle is also strong, indicating market participation in the breakout attempt. Higher Highs & Higher Lows Higher lows have been forming since March. The trend reversal appears to be already confirmed. Levels to Watch Immediate Resistance: ₹790–800 Breakout Confirmation: Closing above ₹800 Support 1: ₹758 (20 DMA) Support 2: ₹700 Major Support: ₹675–690 Aggressive Entry: Upon breakout above ₹800. Conservative Entry: After the breakout, if a retest occurs near the ₹790 level. Stop Loss: Daily close below ₹755. Potential Targets: ₹850 → ₹900 → ₹950 A Note of Caution This chart indicates a breakout following nearly a year of consolidation. However, since the resistance is right ahead, profit-booking might occur in the ₹790–800 zone. Therefore, it is crucial that the breakout is confirmed by strong volume. Based solely on the chart, the risk-reward ratio looks more attractive above the ₹800 level. Views are personal and Chart shared only for study purpose.