Gulshan Polyols Ltd - Downtrend Breakout Attempt!Want more such charts?
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(Gulshan Polyols Ltd)
🗓️ Date: April 18, 2025
🔍 Technical Breakdown:
✅ Breakout in Progress
Stock has been respecting a descending trendline since August 2024.
Price is currently testing the trendline resistance, with today's candle showing a potential breakout.
Closing above this trendline will confirm breakout with short-term bullish bias.
🔄 Support & Resistance Levels
🧱 Support Zone: ₹157.74 – ₹160.56
📉 Resistance Trendline: Around ₹200 – ₹205 zone
📈 Next Resistance: ₹225, followed by ₹250
📊 Volume Analysis
A volume spike of 363.66K supports today’s breakout candle
Indicates strong interest and buying pressure building up near resistance
🧠 Interpretation:
This chart represents a classic trendline breakout structure:
Price forming higher lows
Buyers gradually absorbing selling pressure at resistance
Volume confirming strength
A daily close above ₹205 can be considered as breakout confirmation.
Targets post-breakout could range between ₹225 – ₹250 in coming sessions.
📌 Key Levels to Watch:
Support Zone: ₹157 – ₹160
Breakout Confirmation: Above ₹205
Upside Targets: ₹225 and ₹250
🏢 Company Fundamentals (Snapshot):
Sector: Chemicals & Ethanol
Specialty: Manufacturer of industrial chemicals, ethanol, and food-grade products
Growth Drivers:
Rising demand for ethanol blending in fuel
Diversified product portfolio
Government policy tailwinds on ethanol
⚠️ Disclaimer:
This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading decisions.
