Apollo Pipes — Breakout Attempt With Momentum Expansion

• Price had been moving under a persistent falling trendline after the decline from the ₹750 region • Recent move shows a strong breakout attempt above the descending structure 📊 Key Price Zones • ₹488 – Major overhead resistance from prior breakdown • ₹430–440 – Intermediate supply zone • ₹396–398 – Immediate breakout level being tested • ₹319 – Strong structural support below ⚡ Price Behaviour • Sharp bullish candle indicates aggressive demand emerging after prolonged decline • Price is attempting to reclaim the previous breakdown zone 📈 Momentum & Participation • RSI breakout from falling structure signals improving momentum • On-Balance Volume (OBV) shows strong expansion, indicating rising participation 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)