BREAKOUT ABOVE 52 WEEK HIGH IN INDIA NIPPON - EDUCATIONAL PURPOSIndia Nippon Electricals LimitedNSE:INDNIPPONmgvirus1Stock made high of 1081 in Oct 2025, after that it crashed down and made low of 675 in Jan 2026 (-37% correction in 5 months) . Then it started rising after consolidation and crossed previous high and now breakout is seen. It also confirms higher high – higher low structure which indicates uptrend. Long position can be initiated on retest level near 1032 TARGET : 1866 (81 %) (FIBO) STOP LOSS : 855 (- 17 %) (ON WEEKLY CLOSING BASIS) RR RATIO : 1:4.8 TIME HORIZON : 3-3.5 YEARS (TILL DEC 2029) ONLY FOR INVESTMENT PURSPECTIVE, NOT FOR SHORT TERM TRADING