360 ONE WAM is approaching a decisive point as price compresses within a Symmetrical Triangle on the weekly timeframe. After multiple months of consolidation, the stock is testing the descending trendline resistance while continuing to form higher lows, indicating growing buying pressure.
The narrowing price action suggests that a strong directional move may be approaching. A confirmed breakout above the triangle could pave the way for a retest of the previous swing high and the highlighted target zone.
Technical Observations:
🔹 Weekly Symmetrical Triangle nearing its apex
🔹 Higher lows indicate sustained demand from buyers
🔹 Price is testing the descending resistance trendline
🔹 Consolidation after a strong prior uptrend often precedes trend continuation
🔹 Volume expansion on breakout would strengthen the bullish case
Trading Plan:
✅ Bullish on a sustained breakout above ₹1,160–₹1,170 with strong volume
🎯 Target Zone: ₹1,290–₹1,315
🛑 Immediate Support: ₹1,110–₹1,120
🛑 Major Structural Support: ₹970–₹980
A weekly close above the triangle resistance would confirm the breakout and increase the probability of a move toward the previous highs. Until then, patience is key as price remains within the consolidation structure.
Disclaimer: This analysis is shared solely for educational purposes and does not constitute investment advice. Please conduct your own research and follow proper risk management.