Epack Durable – Deep Retracement Finds Support, Early Reversal Signals Emerging

1. Strong Correction Into Key Support Zone The stock has gone through a sharp retracement from its recent peak, correcting deeply into a major support zone near the lower Fibonacci retracement band and long-term price support. This zone has historically acted as demand, making it technically significant. 2. Confluence of Support Levels Price is currently holding near: Horizontal support zone Downward sloping trendline support Lower Fibonacci retracement area Such multi-factor support increases the probability of a technical bounce or at least short-term stabilization. 3. Volume Expansion at Lows A noticeable spike in volume is visible near the recent lows, suggesting strong participation and possible capitulation selling. This often precedes short-term reversals or range formation. 4. RSI Recovering From Oversold Zone RSI has moved up from oversold territory (~30–35 zone), indicating selling pressure may be easing. While RSI is still below the midpoint, the bounce from oversold levels is an early sign of momentum stabilization. 5. Trend Still Cautious, Confirmation Needed Despite the bounce: Price remains below key resistance levels Downtrend structure is not yet broken A sustained move above the falling trendline and reclaiming higher Fibonacci levels would be needed for trend reversal confirmation Summary: Epack Durable is showing early signs of a technical bounce after a deep correction, supported by volume and RSI recovery. However, the setup is still in the early repair phase, and strength above resistance is essential before confirming a medium-term trend reversal. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)