Peninsula Land – Symmetrical Triangle Squeeze Near Long-Term Support

1. Symmetrical Triangle Compression Price is consolidating inside a tight symmetrical triangle, formed by: A descending trendline from the 2024 highs (red). A long-term rising support trendline (green). Price is now trading near the apex, indicating a potential large move ahead. 2. Strong Long-Term Trendline Support The rising green trendline has held multiple times, including a key reaction low in mid-2025. Price is again resting near this major support — making this a crucial zone to monitor. 3. RSI Weakness but Stabilising RSI remains below 50, showing loss of momentum. However, the indicator is flattening and showing signs of potential base formation. 4. Relative Strength Still Weak RS vs CNX500 remains below zero, indicating underperformance. A breakout from the triangle with RS turning positive would strengthen the bullish case. 5. Volume Drying Up — Typical Before Big Moves Noticeably low volume as price reaches the apex — a classic pre-breakout characteristic. A meaningful breakout should ideally happen with volume expansion. 📌 Summary View Peninsula Land is approaching a decisive point as it compresses inside a multi-month symmetrical triangle. A breakout on either side, supported by volume and RSI shift, can set the next directional trend. The long-term rising trendline makes this level particularly important. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)