Aeroflex Industries – Symmetrical Triangle Breakout with Rising Volume and Momentum

Price Pattern: The stock has formed a symmetrical triangle over several months, marked by converging trendlines and reduced volatility. Breakout Confirmation: A strong bullish candle has broken above the upper trendline resistance, supported by a surge in volume. Resistance Levels: Minor resistance ahead at ₹198.96. Previous congestion zones may act as supply points in the near term. Support Zones: The rising trendline from recent swing lows and the breakout level (~₹185–190) may now act as support. Moving Average: Price has reclaimed the 30-week SMA, signaling a shift in medium-term strength. Volume: Sharp rise in volume on the breakout week strengthens the technical validity of the breakout. RSI: RSI has crossed above the 55 zone after consolidating near the 50 level, suggesting positive momentum buildup. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)