SHK | 5-Month Symmetrical Triangle Breakout with Record VolumeS H Kelkar and Company LtdNSE:SHKSachin_Rajput_Bias: Bullish S H Kelkar and Company is breaking out of a completed Symmetrical Triangle on the daily timeframe with a strong +8.81% candle backed by exceptional volume — one of the highest volume spikes on the entire chart. Pattern Structure: • Upper Trendline (Descending): Connecting lower highs from Feb 2026, acting as overhead resistance throughout the consolidation • Lower Trendline (Ascending): Connecting higher lows from Feb 2026, acting as support and showing buyers stepping in at progressively higher levels • Symmetrical Triangle: Formed over ~5 months (Feb – Jul 2026), price consolidating in a tightening range as the two trendlines converge toward the apex • Breakout: Price breaking above the descending trendline today, exiting the triangle to the upside Two reasons for strong bullish bias: 1. Symmetrical triangle breakout — both trendlines clearly defined, pattern complete, breakout to the upside from a tight consolidation typically precedes strong moves 2. Volume confirmation — today's volume is exceptional, among the highest on the entire chart, signalling strong institutional participation and conviction on the breakout Trade Parameters: • Entry: Current levels (~₹140-145) or on a retest of the upper trendline • Target 1: ₹155.00 • Target 2: ₹177.77 • Stop Loss: ₹126.20 (ascending trendline support) • Trade Duration: 4 – 8 weeks Invalidation: Daily close below ₹126.20 invalidates the setup. For educational purposes only. Not financial advice. #SHKelkar #SHKL #NSE #SymmetricalTriangle #VolumeConfirmation #TechnicalAnalysis #SwingTrading #IndianStockMarket #Education #TradingView