JSW Infrastructure Ascending Triangle Near MultiMonth ResistanceJSW Infrastructure LimitedNSE:JSWINFRAyatharthshah23JSW Infrastructure is approaching a critical multi-month resistance zone around ₹345, where price is compressing into an ascending triangle after a strong impulsive rally. The stock has consistently formed higher lows, indicating increasing buying pressure, while the horizontal resistance continues to cap price. This type of structure often precedes a significant directional move. 🔍 Technical Setup Timeframe: Daily CMP: ₹345.25 Pattern: Ascending Triangle Major Resistance: ₹345–₹352 Immediate Support: ₹338 Trendline Support: ₹332 Major Support: ₹314 🎯 Bullish Scenario A decisive close above ₹345–₹352, supported by rising volumes, would confirm the breakout and could trigger the next leg higher. Target 1: ₹365 Target 2: ₹380 Target 3: ₹400+ ⚠️ Risk Failure to break the resistance may lead to another consolidation phase toward the ascending trendline. A breakdown below ₹332 would invalidate the current bullish setup. 📌 Trade Plan Entry: On a confirmed breakout above ₹352 Stop Loss: Below ₹332 Confirmation: Strong volume expansion and daily close above resistance This is a classic ascending triangle breakout setup, where persistent higher lows are pressuring a long-term resistance. Keep it on your watchlist for a high-probability momentum move. Disclaimer: This analysis is for educational purposes only and should not be considered investment advice.