Radhika Jeweltech – Classic Contraction Pattern

Timeframe: Weekly
Structure Observed: Contraction Pattern between Trendlines
Volume: Significant recent uptick 📊

Key Zones:
🔴 Supply Zone above 123
🟢 Dynamic Support from ascending trendline
🟠 Active counter-trendline now breached

After months of lower highs and higher lows, the price has been squeezing into a classic contraction pattern between a descending orange trendline (acting as counter-trendline resistance) and a rising green trendline providing consistent support.

This week’s candle has decisively broken above the descending trendline on strong relative volume.

With the weekly close due tomorrow, all eyes remain on how the candle settles — will it sustain this breakout structurally or retreat below the trendline?

📌 Important Note: This is a technical observation — not a trade recommendation.