🧴 Arrow Greentech Ltd. – Base Formation with Strong Volume Rebound

Arrow Greentech has posted a sharp rebound from a short-term support base on the weekly chart, accompanied by a noticeable surge in volume, signaling strong buying interest. The structure suggests a potential bottom formation and early signs of trend reversal after a prolonged consolidation phase. 🔹 Technical Overview Pattern: Rectangle base breakout attempt. Support Zone: ₹520–₹540 (recent swing lows). Resistance Zone: ₹680–₹700 (upper band of consolidation). RSI: Recovering from mid-range; now above 50, showing improving momentum. MACD: Converging toward a bullish crossover, supporting the recovery view. Volume: Spiked notably this week, indicating fresh accumulation. Relative Strength: Flattening, suggesting loss of selling pressure. 🔹 Interpretation ✅ Strong upside move off support with volume-backed breakout attempt. ✅ Momentum indicators (RSI & MACD) confirm improving sentiment. ✅ Sustaining above ₹620 could trigger continuation toward ₹700–₹720. ⚠️ Failure to hold above ₹540 may delay the breakout confirmation. Arrow Greentech is showing early reversal behavior from a solid base after a prolonged consolidation. The combination of volume expansion, RSI improvement, and MACD alignment supports a bullish short-to-medium-term outlook, provided price sustains above its breakout zone. 📢 Disclaimer: For educational purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)