Meesho: Symmetrical Triangle Near BreakoutMeesho LimitedNSE:MEESHOyatharthshah23Meesho is approaching a decisive point on the daily timeframe, trading within a well-defined Symmetrical Triangle after recovering from its recent correction. The stock has been forming higher lows while facing a descending resistance trendline, signaling a contraction in volatility before a potential expansion. Price is currently consolidating just below resistance, with demand repeatedly stepping in near the rising trendline. 📊 Technical Highlights ✅ Symmetrical Triangle nearing completion ✅ Higher lows indicate increasing buying pressure ✅ Multiple tests of resistance without significant breakdown ✅ Demand zone continues to absorb selling pressure ✅ Volatility contraction often precedes a strong directional move 📍 Key Levels Breakout Level: ₹194–198 Immediate Support: ₹188–190 Major Demand Zone: ₹165–170 🎯 Bullish Scenario A strong daily close above ₹198, accompanied by rising volume, would confirm the triangle breakout. Potential Targets: 🎯 Target 1: ₹210 🎯 Target 2: ₹220 🎯 Target 3: ₹235 ⚠️ Risk Price is still trading inside the triangle. Failure to break above resistance could result in another retest of the rising trendline near ₹188–190. A decisive close below this support would invalidate the bullish setup. Technical Summary Pattern: Symmetrical Triangle Trend: Bullish Consolidation Timeframe: Daily Confirmation: Daily close above ₹198 with strong volume Bias: Bullish while above ₹188 Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Always conduct your own research and follow proper risk management before taking any trade.