Boxed In No More? Sterling & Wilson at Trendline Crossroads

🔧 Setup Summary Price: ₹322.50 Zone: Bounced off the base of the long-term accumulation range (₹257–265). Pattern: Long multi-year rectangle base + breakout attempt from downtrend line. 🧠 Key Observations Repeated support near ₹257 zone = high conviction demand zone Downward sloping trendline is being tested again → multiple rejections previously Price is now consolidating above midpoint of the range – hinting strength 🎯 What to Track Sustained move above ₹330–335 = clean breakout → upside window opens to ₹380–400 Breakdown below ₹295 = false breakout → revisit toward ₹265 📢 Disclaimer This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.