State Trading Corp. of India Ltd – Compression Within Supply Zone; RSI Trendline Eyes Breakout

📉 Weekly Chart Observations The stock is trading within a consolidation range between ₹110–₹150, forming higher lows near the support zone of ₹110–₹120. A descending trendline from previous highs is capping upside, with price now compressing near the apex of this triangle. The current region of ₹130–₹150 remains a strong supply zone, where previous rallies have faced resistance. 📈 Momentum Check RSI trendline is showing early signs of breakout, moving toward the 55 zone — indicating improving relative strength. Volume remains moderate, but structure hints at a possible build-up phase before a decisive move. Price is hovering near the 30-week SMA, which will act as a key level in confirming directional bias. 🧩 Outlook Summary The price structure suggests compression with potential energy buildup. Breakout above ₹150 with volume and RSI follow-through could shift the tone significantly. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)