somWhat 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
