GULSHAN POLY: Expecting strong bounce⚡️Price Analysis:
1️⃣ Approaching major support level with heavy volume interest
2️⃣ Multiple tests of demand zone showing strong accumulation
3️⃣ EMAs aligned bearishly - indicating selling momentum
4️⃣ Historical support zone coinciding with current levels.
✨ Key Observations:
➡️ Strong demand zone providing multiple bounces
➡️ Trendline break can trigger further continuation for trend reversal
➡️ Multiple timeframe support convergence at current zone.
➡️ RRR looks favorable with 1:3RRR
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Comment down your thoughts below ✌️
🔥 Happy Trading!✅🚀
Gulshanpoly
Gulshan Polyols at breakout point✔️You can see breakout point in the chart and it looks good both technically and fundamentally.
→ check the numbers
→ market cap
→ business
→ chart etc etc
study then invest✅
About the company
Gulshan Polyols Ltd is one of the largest manufacturers of Precipitated Calcium Carbonate and Sorbitol in India. It is a market leader with a substantial market share in the respective segments.