🔹 Price Action CMP: ₹114.37 (+6.10%). Price consolidating in a tight ascending triangle near ₹118 resistance. Weekly candles show strong accumulation after a prolonged base. 🔹 Technical Observations Pattern: Ascending triangle – higher lows, flat top resistance at ₹118. Volume: Gradual increase in recent weeks, suggesting institutional activity. RSI: Rising trendline support, currently at ~59, showing building momentum. MACD: Positive crossover, histogram strengthening. OBV/Strength Indicator: Turned positive (highlighted zone), confirming demand. 🔹 Key Levels Immediate Resistance: ₹118. Major Resistance: ₹131. Immediate Support: ₹103. Major Support: ₹95. 🔹 Strength & Risk ✅ Higher lows + flat resistance = bullish continuation setup. ✅ RSI and MACD support strength. ❌ Resistance cluster at ₹118–131 may attract supply. ❌ Needs strong volume breakout to confirm move. 🔹 Outlook Short Term: Positive bias; breakout above ₹118 may trigger rally to ₹131+. Medium Term: Sustained close above ₹131 can open path to ₹150+. Risk: Breakdown below ₹103 invalidates bullish setup. 📌 Strategy Traders: Watch for breakout retest above ₹118 with volume. Investors: Accumulate near ₹103–110 zone, with SL below ₹95. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).

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