som
What you’re looking at here is a **battle of the bulls and bears** brewing in SOM Distilleries and Breweries Ltd. This chart isn’t just a picture of price movements—it’s a story of indecision, tension, and a potential explosion waiting to happen!
🔍 **The Triangle of Suspense**
That symmetrical triangle? It’s like a coiled spring—energy is building, and the market is whispering, "Something big is coming." The stock has been bouncing between the upper resistance and lower support like a caged tiger, just waiting to leap.
Lower Highs & Higher Lows**: Neither side is giving up, creating this dramatic convergence.
Think of this triangle as the calm before the storm. When it breaks, it's going to **ROAR**—but the question is, **which way?**
- 📉 **Today’s Red Candle: A Warning Sign or a Head Fake?**
The stock closed 3.39% down at ₹104.65—a cautious dip near the lower edge of this triangle. Is this just a fake-out to shake out the weak hands, or a sign the bears are ready to pounce?
**Volume tells the story**—the low volume recently suggests the big players are waiting. But don’t be fooled; once they step in, this thing could **erupt like a volcano.
🚀 **The Bullish Scenario: Breaking Free**
If the price breaks **upwards**, the stock could be heading back to the ₹140-₹160 range, reclaiming its throne and delivering a king-size rally for its investors. You’ll want to keep an eye out for **big volume spikes**—that’s the bulls roaring into action.
🐻 **The Bearish Scenario: Danger Below**
If the price crashes below the support line (₹100), this tiger might just lose its claws. The downside could see it tumble toward₹90 or even₹80, giving short-sellers their moment of glory.
🎯 **Your Takeaway: The Moment of Truth**
This is not just another boring stock chart. It’s a **cliffhanger**, a build-up to a potential breakout or breakdown. Whether you’re a trader looking for action or an investor eyeing a long-term play, this is your moment to sit up and watch closely. The decision point is near, and the market is about to show its cards.
Note: im not expert so take own risk
🔍 **The Triangle of Suspense**
That symmetrical triangle? It’s like a coiled spring—energy is building, and the market is whispering, "Something big is coming." The stock has been bouncing between the upper resistance and lower support like a caged tiger, just waiting to leap.
Lower Highs & Higher Lows**: Neither side is giving up, creating this dramatic convergence.
Think of this triangle as the calm before the storm. When it breaks, it's going to **ROAR**—but the question is, **which way?**
- 📉 **Today’s Red Candle: A Warning Sign or a Head Fake?**
The stock closed 3.39% down at ₹104.65—a cautious dip near the lower edge of this triangle. Is this just a fake-out to shake out the weak hands, or a sign the bears are ready to pounce?
**Volume tells the story**—the low volume recently suggests the big players are waiting. But don’t be fooled; once they step in, this thing could **erupt like a volcano.
🚀 **The Bullish Scenario: Breaking Free**
If the price breaks **upwards**, the stock could be heading back to the ₹140-₹160 range, reclaiming its throne and delivering a king-size rally for its investors. You’ll want to keep an eye out for **big volume spikes**—that’s the bulls roaring into action.
🐻 **The Bearish Scenario: Danger Below**
If the price crashes below the support line (₹100), this tiger might just lose its claws. The downside could see it tumble toward₹90 or even₹80, giving short-sellers their moment of glory.
🎯 **Your Takeaway: The Moment of Truth**
This is not just another boring stock chart. It’s a **cliffhanger**, a build-up to a potential breakout or breakdown. Whether you’re a trader looking for action or an investor eyeing a long-term play, this is your moment to sit up and watch closely. The decision point is near, and the market is about to show its cards.
Note: im not expert so take own risk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.