Price has spent almost a year trapped between ₹2,480 and ₹2,850. Each dip since mid-2025 has formed higher lows, compressing against the same horizontal ceiling. Today’s candle closes right at ₹2,850 with RSI rising toward 60 — the structure is tightening for resolution.
A decisive close above ₹2,900 with strong volume will confirm breakout and open the path toward ₹3,200–₹3,250 (~12–13% measured move).
Setup: Ascending Triangle re-attempt
Entry Trigger: ₹2,900+ close with volume confirmation
Target Zone: ₹3,200–₹3,250
Support: ₹2,700
Invalidation: ₹2,680
Price has respected this structure for nearly a year; compression is mature, volatility contraction visible, and the next move should define direction.
Disclaimer: Not a recommendation. For educational purposes only.
A decisive close above ₹2,900 with strong volume will confirm breakout and open the path toward ₹3,200–₹3,250 (~12–13% measured move).
Setup: Ascending Triangle re-attempt
Entry Trigger: ₹2,900+ close with volume confirmation
Target Zone: ₹3,200–₹3,250
Support: ₹2,700
Invalidation: ₹2,680
Price has respected this structure for nearly a year; compression is mature, volatility contraction visible, and the next move should define direction.
Disclaimer: Not a recommendation. For educational purposes only.
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