ROLEX RINGS — Major Downtrend BreakoutRolex Rings LimitedNSE:ROLEXRINGSvinaygupta478Current: ₹185.82 | +35.7% weekly — exceptionally strong candle. Structure: Clear breakout from the falling trendline + multi-month compression. Trend: Price is now decisively above the ₹146–164 MA cluster, a major technical improvement. Momentum: RSI 56.95 — importantly, not overbought despite the sharp move, leaving room for continuation. Immediate resistance: ₹190–200. Next targets: ₹215–220 → ₹240–250. Support: ₹164–165; stronger support ₹150–155. Best strategy: The breakout is already extended after +35%. Don't chase aggressively. A retest of ₹165–175 that holds would be the ideal risk/reward entry. A weekly close above ₹200 can open the next leg toward ₹220–240.