Texmaco Rail is showing a major change in structure after spending more than a year below this falling trendline. Every previous recovery was getting sold into but price kept building a base around the 100–120 zone instead of making fresh lows. Now buyers are pushing price above the same trendline with strong momentum and a clear expansion in volume. This is exactly where a long downtrend can start shifting into a fresh bullish cycle.
If price sustains above the 125–130 breakout zone this move can accelerate quickly. Traders trapped on the bearish side may be forced to cover while fresh buyers start chasing the breakout. The first major liquidity and resistance zone sits around 155–160 and after that the bigger level is near 180 as marked on the chart. The long consolidation has already done its job. Now the breakout can start the expansion phase.
If price sustains above the 125–130 breakout zone this move can accelerate quickly. Traders trapped on the bearish side may be forced to cover while fresh buyers start chasing the breakout. The first major liquidity and resistance zone sits around 155–160 and after that the bigger level is near 180 as marked on the chart. The long consolidation has already done its job. Now the breakout can start the expansion phase.
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