VA Tech Wabag: Compression Near Resistance, Breakout LoadingPrice is slowly squeezing into a multi-month descending resistance while holding above the 100 EMA this is not weakness, this is controlled accumulation. Every rejection from this trendline in the past created sharp downside, but this time the reaction is different… downside is getting weaker and buyers are stepping in earlier, forming higher lows. RSI is pushing higher, showing momentum shift even before breakout classic early positioning by smart money.
This is where retail will try to short based on past rejections, but market rarely repeats in the same way. A clean breakout and sustain above the trendline zone can trigger expansion towards 1500–1600 as trapped sellers start covering and fresh buyers chase the move. Until then, this remains a pressure build-up zone but once it releases, move can be fast and one-sided.
Long
