Some breakouts happen because buyers suddenly appear. The more powerful ones happen because sellers gradually disappear. DMCC Speciality Chemicals appears to be approaching that stage. The chart is no longer trying to find support. The chart is testing whether resistance still exists. For nearly two years, the stock remained trapped beneath a declining trendline, with every recovery eventually meeting supply. Yet beneath the surface, something interesting has been developing. Instead of making fresh lows, the stock has repeatedly attracted demand near the ₹205-220 zone, creating a series of well-defined bottoming structures. The result is a chart that now looks very different from what it did a year ago. Key Observations ✅ Multi-year descending trendline under pressure ✅ Triple-bottom style accumulation near ₹205-220 ✅ Repeated tests of resistance around ₹346-350 ✅ Strong recovery from the 2026 lows ✅ Significant volume expansion during the latest advance ✅ Price compressing between rising demand and declining supply One of the most constructive aspects of the chart is the market's persistence. Previous rallies were rejected quickly, while the current advance continues to revisit resistance after building a much stronger foundation underneath. Markets often spend months absorbing supply before a meaningful move emerges. Every revisit to resistance represents another attempt to transfer shares from willing sellers to determined buyers. The latest breakout attempt is noteworthy not only because of price, but because it is supported by one of the strongest volume expansions seen in recent months. Participation matters, especially near major resistance.
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