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Dhwani Patel

11th Jun · SEBI-Registered Analyst

$SCHAEFFLER -Triangle

• **Schaeffler India is compressing inside a symmetrical triangle**, with rising lows and relatively flat-to-lower highs, indicating volatility contraction ahead of a directional move. • **Support:** ₹3,850–3,900 (rising trendline) | **Resistance:** ₹4,250–4,350 (major supply zone and triangle ceiling). Price is currently trading near the middle-to-lower half of the pattern. • A breakout above **₹4,300–4,350** could restart the primary uptrend toward new highs, while a breakdown below **₹3,850** would invalidate the bullish structure and shift the bias toward ₹3,500–3,600. $SCHAEFFLER l

#TechnicalViews#TrendingSectors#Miscellaneous
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