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.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.