Manyavar: Powerful Breakout After a Long DowntrendVedant Fashions LimitedNSE:MANYAVARvinaygupta478This weekly chart has turned constructively bullish after months of consolidation. 🟢 Major Positive: Price has broken above the falling trendline with a large bullish candle and strong volume, suggesting institutional buying. 📈 Momentum: RSI has surged above 60, confirming improving momentum and increasing buying strength. 🛡️ Immediate Support: ₹490–500, followed by ₹430–440 (EMA/support zone). Holding above ₹500 keeps the breakout intact. 🚧 Resistance: ₹550–560 initially, then ₹650 (200 EMA zone). A sustained move above ₹650 would confirm a larger trend reversal. ⚠️ Risk: If price slips back below ₹490 and the breakout fails, it could retest ₹430. 🎯 Verdict This is one of the stronger reversal setups among the recent charts you've shared. The long-term downtrend has likely ended, but the stock still needs to sustain above ₹500–520 to confirm the breakout. Buying on dips toward the breakout zone is technically more favorable than chasing a sharp rally. ⭐ Technical Rating: 8.9/10 (Bullish breakout with strong momentum; confirmation in progress.)