Godawari Power & Ispat Ltd – Double Top Breakdown Attempt

The stock recently formed a Double Top pattern near resistance and is now showing signs of volatility with a sharp bounce from lower levels. 🔎 Technical Observations: • Strong uptrend followed by resistance rejection • Clear Double Top formation (Top 1 & Top 2) • Breakdown attempt below neckline • Sharp bullish recovery after fake breakdown • High volatility near key zone 🔑 Key Levels to Watch: • Immediate Support: ₹292 – ₹285 • Major Support: ₹275 – ₹260 • Immediate Resistance: ₹305 – ₹315 🚀 Upside Targets: • ₹325 • ₹345 • ₹365+ 📉 Risk Scenario: Sustained move below ₹285 may confirm breakdown and push price towards ₹260 📈 Trading View: 👉 Stock is at a crucial reversal zone after Double Top 👉 Strong move above ₹315 can negate bearish pattern 👉 Below ₹285, bearish momentum may increase ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊