GRASIM – Price Compressing Toward Major Trendline Support

Price is getting squeezed between a falling trendline and a rising support. This type of compression usually ends with a strong move. A clean descending trendline from the recent swing-high shows short-term selling pressure. A major rising trendline from the bottom still holds the structure.

Price is drifting towards the intersection zone of both trendlines. If price taps the rising trendline and holds, a bounce + trendline breakout is possible.

Save this setup — this zone decides the next trend.