RAILTEL

- Consolidation and impending Breakout

I'm watching

as it continues to consolidate within a large symmetrical triangle, reflecting a long-term contraction after a strong multi-year rally. The key resistance lies around ₹330–340, while the long-term support zone is placed near ₹240–250. A decisive breakout on either side is likely to set the next major trend. Until then, I view this as a patience trade. The longer the consolidation, the stronger the potential expansion once price escapes the triangle.