India, Nov. 2 -- A rectangle channel is a technical chart pattern formed when price action oscillates steadily between two parallel horizontal trendlines, with a top resistance level connecting equal highs and a bottom support level connecting equal lows. This structure reflects a neutral consolidation phase where neither buyers nor sellers hold clear control. While the stock trades sideways within this range, a confirmed breakout above the resistance line signals that buyers have taken charge, often initiating a strong bullish move. Technical traders use this pattern to identify range-bound stocks early and position themselves for high-probability breakout trades.Zydus Lifesciences Ltd Chart: Daily Chart Timeframe ZYDUSLIFE_2026-10-30_1...