Amines & Plasticizers – Symmetrical Triangle Setup With RSI Divergence and Volume Expansion

1. Symmetrical Triangle Structure Price action is compressing between a series of lower highs and higher lows, forming a well-defined symmetrical triangle. This indicates prolonged consolidation after a prior uptrend, suggesting energy buildup for a directional move. 2. Support Holding on Rising Trendline The lower boundary of the triangle aligns with a rising long-term trendline, which has acted as support multiple times. Recent price reactions from this zone show buyers defending the structure. 3. Volume Expansion at Key Zones Volume has expanded near the triangle boundaries, especially during recent swings. This increase in activity suggests participation is rising as price approaches the apex, often a precursor to volatility. 4. Bullish RSI Divergence RSI has formed a bullish divergence, with momentum improving even as price tested lower levels within the pattern. This indicates selling pressure is weakening and underlying strength is building. 5. Overhead Supply Still Present Despite improving momentum, multiple horizontal resistance levels remain overhead from prior consolidation and breakdown zones. Price may need sustained strength to absorb this supply. 6. Overall Structure Assessment Compression phase within a broader uptrend Bullish RSI divergence signaling momentum improvement Rising volume hinting at an impending expansion Key inflection point approaching as triangle matures Overall, the chart reflects a constructive but decisive phase, where momentum indicators are turning supportive, while price remains at a structural junction. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)