Simplex Infrastructures Ltd – Ascending Triangle Formation with

Simplex Infrastructures is showing signs of accumulation and trend continuation within an ascending triangle pattern on the daily chart. The stock has been consistently forming higher lows while facing resistance around the ₹330–₹340 zone.

A recent volume burst near the support trendline indicates strong buying interest from lower levels — hinting at a potential breakout attempt in the coming sessions.

🎯 Key Levels:
CMP: ₹296.65 (+3.20%)
Support Trendline: ₹270 – ₹280
Resistance Zone: ₹330 – ₹340
Breakout Target: ₹370 – ₹390
Stop-Loss: ₹270 (on daily close basis)

📊 Technical View:
Formation of a higher-low structure within an ascending triangle.
Strong volume activity around support confirms accumulation.
Short-term EMAs are flattening, awaiting breakout confirmation.
A close above ₹340 with volume could trigger the next up leg toward ₹380+.

🧠 View:
Simplex Infra is building strength within a bullish ascending triangle pattern. A decisive move above ₹340 may confirm breakout momentum, supported by the recent volume surge, while the rising trendline continues to act as a strong base.