**Northern Arc Capital | Pullback Opportunity Northern Arc Capital Ltd.NSE:NORTHARCPips_Sadhak Northern Arc Capital has finally broken above a major long-term descending trendline resistance that has capped price since listing highs. After the breakout, price is now cooling off and entering a high-probability pullback zone, making this an attractive positional setup for both swing traders and investors. The current buy zone is derived from the **38.2%–61.8% Fibonacci retracement range**, which aligns perfectly with previous breakout structure and short-term moving average support — adding confluence to the setup. Key technical observations: * Multi-touch descending trendline breakout on the daily timeframe. * Healthy pullback instead of chasing breakout candles. * Higher-high and higher-low structure intact. * Price sustaining above key moving averages. * Retracement into Fibonacci demand zone offers better risk-reward entry. **Buy Zone:** ₹240 – ₹263 **Target:** ₹351+ (major resistance / ATH supply zone) **Stop Loss:** ₹229 daily closing basis ⚠️ **Red Flag:** Breakout volume was not significantly strong, which slightly reduces confirmation strength. A strong bounce from the buy zone with improved volume participation would add more confidence to the move. Overall, this is a classic **pullback-after-breakout strategy** with favorable positional risk-reward if the structure holds.