TVS Supply Chain Solutions Limited (Weekly Chart): Descending Trendline Breakout with Volume Expansion and Momentum Recovery

1. Price Structure The stock has been in a sustained corrective phase marked by lower highs and gradual price compression. Recent price action shows a strong bullish weekly candle emerging after a prolonged sideways base near lower levels. 2. Trendlines & Structure A long-term descending trendline has guided the downtrend, and the latest move shows price pushing above this declining resistance. The breakout follows an extended consolidation zone, suggesting structural transition from contraction toward expansion. 3. Key Levels (Chart Observations) A rectangular consolidation zone acted as a supply–demand balance area for several weeks. The recent move has lifted price above this range, while prior swing highs overhead continue to represent historical supply zones. 4. Momentum (RSI) Weekly RSI has sharply rebounded from lower levels and moved above its recent range, reflecting strengthening momentum. Earlier higher lows in RSI compared to price suggest improving internal strength during the base formation. 5. Volume Behaviour The breakout candle is supported by a significant surge in volume, noticeably higher than recent averages, indicating strong participation during the upward move. 6. Overall Observation The chart reflects a stock transitioning from a descending structure into a potential stabilisation phase, supported by rising momentum and expanding volume while approaching overhead supply areas. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)