⚡ Power Mech Projects – V-Shaped Recovery with Momentum Shif

1️⃣ Strong Long-Term Channel The stock respected its broad upward sloping channel, correcting sharply from ~₹3700 to ~₹1800, hitting the lower parallel of the red channel before reversing. 2️⃣ V-Reversal Confirmed A deep but clean V-shaped reversal is visible. Recent swing high taken out around ₹3000, flipping resistance to support. 3️⃣ Momentum Building Again Weekly RSI has climbed above 60, indicating bullish strength. Volume has picked up during the up-move – confirming buyer participation. 4️⃣ Levels to Watch Support: ₹2890 / ₹3000 Resistance: ₹3725+ (previous ATH) Sustaining above ₹3000 could signal fresh momentum toward uncharted territory. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.