Hi Traders / Investors , This is a Swing / Positional Trade. I can see a bullish momentum can happen in Greenply Industries because of :- 1) Rounding bottom pattern got breakout and came for a retest at prior resistance level now acting as a support. 2) As per Fibonacci , it is taking support at 0.382 level which is healthy retracement and strong support zone. 3) RSI indicator is also taking support at 60 levels.
Giving a Risk to Reward of 1:3 , Entry - 228-230 levels Stoploss - 205 levels Target - 298 levels. This is just an analysis so please don't take any decision solely based on this . Please give thumbs up if liked this , as it requires deep research.