Gulf Oil (Weekly Timeframe) - Potential BreakOut & Continuation

Technical analysis of Gulf Oil reveals a promising setup. The stock has formed a classic triangle pattern, indicating a period of consolidation before a likely continuation of its preceding uptrend. This week, we've observed a significant breakout attempt, which is notable as it follows multiple rejections from the pattern's upper trendline.

For this breakout to be considered valid, it must be accompanied by a surge in trading volume, confirming buyer conviction. If these conditions are met, the stock could challenge its all-time high of ₹1469. Further reinforcing this positive sentiment, the short-term EMAs are in a bullish configuration, signaling that momentum is currently in favor of an upward move.