HATSUN Nearing Symmetrical Triangle Apex – Breakout Imminent?

31 May

The stock is forming a symmetrical triangle, approaching the apex, indicating a potential breakout.

The RSI is at 41.96, showing a bearish divergence, suggesting a cautious approach until a clear breakout occurs.

Volume has been stable, but watch for an increase as the stock nears the apex of the triangle.

Immediate support is at the lower trendline around ₹950, while resistance is at the upper trendline around ₹1100

Monitor for a breakout above ₹1100 or a breakdown below ₹950 for a clear direction. A breakout with strong volume could lead to a bullish move, while a breakdown might suggest further downside.