Shree Renuka Sugars (RENUKA)

has been in a structural downtrend since November. However, the latest candle shows a strong bullish rejection from the ₹22.85 low, closing at ₹25.11 (+4.54%). Price is currently trading below its 20 EMAs. The red (10EMA )and green lines (20EMA ) act as dynamic resistance. A crossover and close above ₹26.50 are needed to confirm a trend shift. This looks like a liquidity sweep of the previous lows. If the price sustains above ₹24.80, we could see a mean reversion toward the ₹27.50 level.