Himadri is currently trading inside a large symmetrical triangle after a prolonged corrective phase. Price is now approaching the apex zone, indicating that a decisive move is likely in the coming sessions.
This is a classic volatility contraction structure.Broader Structure Overview
Strong rally previously rejected from the ₹600–620 major supply zone
Since then, price has been forming:
Lower highs
Higher lows
This has resulted in a multi-month symmetrical triangle
Market is shifting from distribution → equilibrium → potential expansion phase
Pattern Breakdown
Pattern: Symmetrical Triangle
Timeframe: Daily
Nature: Neutral → Breakout-dependent
As price approaches the apex:
Volatility compresses
False moves increase
Breakout probability increases
Scenarios Ahead
✅ Bullish Breakout Scenario
Decisive close above descending trendline (~₹490–500)
Volume confirmation
Upside targets:
₹520 (intermediate supply)
₹590–600 (major supply)
⚠️ Range Continuation
More oscillation inside triangle
Time-based correction continues
❌ Bearish Breakdown
Close below ₹420
Structure invalidation
Opens downside toward previous swing lows
Educational purpose only. Not a buy/sell recommendation.
This is a classic volatility contraction structure.Broader Structure Overview
Strong rally previously rejected from the ₹600–620 major supply zone
Since then, price has been forming:
Lower highs
Higher lows
This has resulted in a multi-month symmetrical triangle
Market is shifting from distribution → equilibrium → potential expansion phase
Pattern Breakdown
Pattern: Symmetrical Triangle
Timeframe: Daily
Nature: Neutral → Breakout-dependent
As price approaches the apex:
Volatility compresses
False moves increase
Breakout probability increases
Scenarios Ahead
✅ Bullish Breakout Scenario
Decisive close above descending trendline (~₹490–500)
Volume confirmation
Upside targets:
₹520 (intermediate supply)
₹590–600 (major supply)
⚠️ Range Continuation
More oscillation inside triangle
Time-based correction continues
❌ Bearish Breakdown
Close below ₹420
Structure invalidation
Opens downside toward previous swing lows
Educational purpose only. Not a buy/sell recommendation.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.