Filatex India – Monthly Breakout Setup

Wait 5 sec.

Filatex India – Monthly Breakout SetupFilatex India LtdNSE:FILATEXTechnicalAnalystSucritSetup: Monthly chart showing long consolidation between ₹30–₹70, now projecting upward momentum. Current Price Action: Breakout zone forming above ₹70. Target Projection: ₹160 (≈127.91% potential gain). Trend Context: Consolidation base built over multiple years. Volume activity suggests accumulation. Breakout projection box highlights upside potential. Why Traders Care: Long consolidations often precede strong directional moves. Monthly timeframe adds conviction to the breakout. Clear risk/reward defined with consolidation base as support. My Take: Filatex India is breaking out of a multi‑year range — sustaining above ₹70 could open the path toward ₹160. Community call: Will Filatex India deliver the full breakout or slip back into consolidation? Share your view.