AKZO NOBEL INDIA LTD – Technical Analysis Update📈 Chart Overview:
The stock is forming a cup and handle pattern, with a breakout attempt.
A descending trendline was broken, leading to a sharp upward movement.
Currently, the price is retesting the breakout level.
🔍 Key Levels:
Resistance: ₹3,912, ₹4,585
Support: ₹3,400, ₹3,294
📊 Observations:
A successful retest and bounce from the breakout zone could signal further upside.
Volume analysis suggests increasing interest from buyers.
🚀 Trading View:
A close above ₹3,912 could trigger bullish momentum toward ₹4,585.
If the price fails to hold above ₹3,400, we may see a pullback to ₹3,294.
📌 Disclaimer: This is not financial advice. Do your research before making any trades.
