IKIO Lighting — Falling Channel BreakoutIKIO Technologies LtdNSE:IKIOvinaygupta478This one is technically quite interesting. The stock spent a long time inside a descending channel. The important change is that price has recently moved above the short/medium-term moving averages. Current price: ₹214.5 MAs: ₹197 ₹180.8 ₹182.1 So price has created a bullish MA configuration. More importantly, RSI is: 64.5 with RSI average around 56.7. That's strong momentum. But importantly, RSI isn't yet >70. Key observation The stock appears to be attempting to transition: Downtrend → Base → Breakout → Retest → Uptrend That's exactly the sequence I like to see. Levels ₹197–200 = first support. ₹180–183 = major structural support. ₹220–225 = immediate breakout confirmation. Above ₹225: Targets ₹250 then ₹280–300 and potentially ₹320+ if the larger downtrend line is decisively broken. Verdict ⭐⭐⭐⭐ EARLY REVERSAL / BUY ON CONFIRMATION Interesting risk-reward profile, provided ₹197–200 holds.