SENCO GOLD (NSE: SENCO) | Weekly Analysis

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SENCO GOLD (NSE: SENCO) | Weekly AnalysisSenco Gold LimitedNSE:SENCOAbhishek_Patil_2510 CMP: ₹380 Setup: Bullish Consolidation → Breakout in Progress After spending nearly a year consolidating between ₹300–350, Senco has broken above its primary resistance, supported by strong business performance. The company reported robust growth, including a recent 60% YoY revenue increase in its business update, while FY26 delivered strong improvements in revenue, profitability, margins, and ROE. Technical View ✅ Higher highs and higher lows indicate strengthening momentum. ✅ Breakout above the ₹350 resistance zone has turned it into immediate support. ✅ Price is approaching the major supply zone around ₹400–405. 📈 Momentum remains positive as long as ₹350 holds. Key Levels Support: ₹350–360 Major Support: ₹325 Resistance: ₹400–405 Breakout Confirmation: Weekly close above ₹405 Targets 🎯 Target 1: ₹405 🎯 Target 2: ₹450 🎯 Target 3: ₹500 🎯 Positional Target: ₹550 (if ₹405 is decisively cleared) Stop Loss Swing Traders: ₹349 (closing basis) Positional Traders: ₹325 Trading Idea Bullish above ₹350. A sustained move above ₹405 with strong volume could trigger the next leg of the rally toward ₹450–500. Failure to hold ₹350 may lead to a retest of the breakout zone before the broader uptrend resumes. Bias: Bullish ⭐⭐⭐⭐☆ (4.5/5)