Fine Organics: Falling Wedge Pattern Near Breakout Zone

✅ Fine Organic Industries is forming a classic falling wedge pattern on the weekly timeframe, which is typically a bullish reversal pattern. The price is now approaching the upper trendline resistance near the 5200–5300 zone.

✅ Multiple swing lows and highs inside the wedge indicate that the stock has been consolidating for a long period and is ready for a decisive move if the breakout sustains.

✅ The RSI is showing a steady uptrend and is currently above 65, indicating improving momentum and supporting the breakout case.

✅ Volume is gradually picking up, which adds strength to the current move. A confirmed breakout above the wedge with strong volume could open up targets towards the 6000–6500 zone in the coming weeks.

Outlook: Keep watching for a decisive weekly close above the falling wedge resistance line for confirmation. Fine Organics may benefit from sector tailwinds as the specialty chemicals space has been showing recovery signs, with export orders picking up and raw material costs stabilizing.