Greenpanel Ind (Weekly Timeframe) - Can it Breakout??

After a prolonged downtrend since its peak in April 2022, Greenpanel is exhibiting noteworthy behavior. The stock has repeatedly faced rejection at a critical long-term angular trendline, a key resistance level. However, this past week marked a significant departure from that pattern, with the stock climbing +17.86% accompanied by a massive surge in volume.

This powerful move indicates strong accumulation and a potential exhaustion of sellers. Should the buying interest persist, a realistic near-term objective for Greenpanel would be the ₹395 price level.

Watchout for the price-action !!