After a prolonged downtrend since its peak in April 2022, Greenpanel is exhibiting noteworthy behavior. The stock has repeatedly faced rejection at a critical long-term angular trendline, a key resistance level. However, this past week marked a significant departure from that pattern, with the stock climbing +17.86% accompanied by a massive surge in volume.
This powerful move indicates strong accumulation and a potential exhaustion of sellers. Should the buying interest persist, a realistic near-term objective for Greenpanel would be the ₹395 price level.
Watchout for the price-action !!
This powerful move indicates strong accumulation and a potential exhaustion of sellers. Should the buying interest persist, a realistic near-term objective for Greenpanel would be the ₹395 price level.
Watchout for the price-action !!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.