📈 Kothari Products – Channel Support Bounce, Volume Surge, Resistance Ahead

🔹 Price Action CMP: ₹92.16 (+19.29%) – strong weekly surge. Price bounced from rising channel support near ₹74–₹81. Approaching resistance zone at ₹95–₹105. 🔹 Technical Observations Channel Structure: Price moving within a long-term rising channel. Volume: Strong spike, suggesting accumulation. Support: ₹81 (immediate), ₹74 (major). Resistance: ₹95 (immediate), ₹105 (major supply). 🔹 Indicators RSI ~62: Entering bullish momentum zone. Trend: Positive bias as long as above ₹81. Pattern: Swing low formed at channel bottom → potential up-move continuation. 🔹 Key Levels Immediate Resistance: ₹95 → ₹105. Immediate Support: ₹81. Major Support: ₹74. 🔹 Outlook Short Term: Likely to face resistance near ₹95–₹105. Medium Term: Sustained close above ₹105 → opens path to ₹115–₹125. Risk: Rejection at ₹105 could trigger pullback to ₹81. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).