📈 Greenpanel Industries – Bullish Divergence, Volume Support, Resistance Ahead

🔹 Price Action CMP: ₹322 (+21.15%) – strong weekly surge with volume. Price rebounded sharply from ₹250 support zone. Trading near falling trendline resistance (~₹335–₹355). 🔹 Technical Observations Bullish RSI Divergence: Price made lower lows while RSI formed higher lows → early reversal signal. Volume Spike: Strong accumulation visible → confirmation of demand. Resistance: Major supply at ₹335–₹355 (falling trendline + horizontal resistance). Support: Rising trendline around ₹280–₹250. 🔹 Indicators RSI ~60: Positive crossover, momentum returning. Trend: Short-term bullish, but medium-term still in corrective structure until ₹355 is taken out. Pattern: Attempting a reversal; forming base after long correction. 🔹 Key Levels Immediate Resistance: ₹335 → ₹355 (crucial breakout zone). Immediate Support: ₹280. Major Support: ₹250 (recent bottom). 🔹 Outlook Short Term: Likely consolidation near resistance. Medium Term: Sustained close above ₹355 → opens path to ₹400–₹430. Risk: Rejection at resistance may lead to retest of ₹280–₹250. 📌 Strategy Traders: Wait for decisive close above ₹355 for momentum entry. Investors: Can accumulate gradually near ₹280–₹300 with SL below ₹250. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).