🚛 Tara Chand Infralogistic – Symmetrical Triangle Setup

🔹 Price Action CMP: ₹70.54 (−0.14%). Price consolidating tightly within a symmetrical triangle. Sustaining above rising trendline support, but facing supply near ₹76–77. 🔹 Technical Observations Pattern: Symmetrical triangle – converging trendlines, breakout move imminent. Volume: Low in consolidation, indicating accumulation. RSI: Rising trendline support, currently ~56 – showing improving momentum. MACD: Close to bullish crossover, momentum recovery building. OBV/Strength Indicator: Flat, needs breakout confirmation. 🔹 Key Levels Immediate Resistance: ₹76–77. Major Resistance: ₹85–90. Immediate Support: ₹66. Major Support: ₹60. 🔹 Strength & Risk ✅ Tight triangle consolidation = energy build-up for breakout. ✅ RSI above 50 with upward slope supports bullish bias. ❌ Volume confirmation missing – may lead to false breakout risk. ❌ Breakdown below ₹66 can drag towards ₹60. 🔹 Outlook Short Term: Watch for breakout above ₹77 – may lead to ₹85+. Medium Term: Sustained close above ₹90 can open rally to ₹105+. Risk: Breakdown below ₹66 will weaken setup. 📌 Strategy Traders: Enter only on breakout above ₹77 with strong volume. Investors: Accumulate gradually between ₹66–70, SL below ₹60. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).