Sangam (India) – Tight Consolidation With Rising RSI & OBV Signals Brewing Breakout

1. Sideways Consolidation After Prior Rally Price is moving in a well-defined horizontal consolidation range after a strong upside move. This type of pause often indicates digestion of gains rather than trend reversal. 2. Support Holding With Rising Structure The lower boundary of the consolidation is aligned with a rising trendline, showing that buyers are stepping in at progressively higher levels. This keeps the broader structure constructive. 3. RSI Forming a Rising Trendline RSI is moving sideways but with a subtle rising trendline, suggesting underlying strength despite price consolidation. RSI holding above the 50 zone reflects sustained bullish momentum. 4. OBV Consistently Rising On-Balance Volume continues to trend higher, indicating accumulation during consolidation. This divergence between flat price and rising OBV often precedes a directional move. 5. Volume Compression – Expansion Expected Volume has remained relatively muted inside the range. Such compression typically leads to an expansion phase, making a strong move likely once price breaks out of the consolidation zone. Overall View: Sangam (India) is consolidating in a healthy manner with rising RSI support and steady accumulation on OBV. A range breakout with volume would be a strong confirmation for the next leg higher, while the lower boundary of the box remains the key support to monitor. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)