📊 Schneider Electric Infrastructure Ltd – Consolidation Near Key Resistance
The stock is currently trading in a consolidation phase after a strong upmove and is approaching an important resistance zone.
🔎 Technical Observations:
• Prior strong uptrend followed by sideways consolidation
• Formation of a bullish pennant pattern earlier
• Price currently near resistance / supply zone
• Structure showing range-bound movement
• Momentum indicators slightly positive but lacking strong follow-through
🔑 Key Levels to Watch:
• Immediate Support: ₹907 – ₹881
• Major Support: ₹855 – ₹804
• Immediate Resistance: ₹960 – ₹986
🚀 Upside Scenario:
Breakout above ₹986 may trigger bullish continuation towards:
• ₹1038
• ₹1064+
📉 Downside Scenario:
Failure to break resistance may lead to pullback towards:
• ₹907
• ₹855
📈 Trading View:
👉 Stock is in consolidation near resistance
👉 Wait for clear breakout or rejection before taking positions
⚠️ For educational purposes only.
— AALGO BREATHS 📊