From Breakdown to Breakout: A V-Shaped Surprise!

This chart of Sterlite Technologies (W1) tells a compelling price action story:

📉 The stock initially consolidated at a demand zone, only to break down sharply, flipping that zone into a fresh supply area.

💥 What followed was a strong V-shaped recovery, accompanied by significant volume expansion.

🚀 The reclaimed supply zone was decisively taken out, leading price right into the Active Counter Trendline (CT).

🔁 This Active CT now stands as a key structure; the stock needs to form a higher low near the reclaimed demand zone for structural strength.

⚠️ Ahead, we have two higher-timeframe resistances in sight:
  📏 An Inactive Weekly CT (dotted)
  📡 The WTF 200 DEMA, a major trend filter

While this is not a call or forecast, the shift in structure, volume, and reclaiming of supply tells a story of possible trend transition — something worth keeping on the radar.