Pyramid Technoplast Ltd - Falling Trendline Breakout!

Pyramid Technoplast Ltd – Falling Trendline Breakout! 💥
📅 Date: April 8, 2025

📊 Chart Analysis:
The stock has successfully broken out of a long-term falling trendline, indicating a potential reversal of the previous downtrend. This move is backed by strong bullish candles and an increase in volume.

📌 Key Levels:

📉 Major Support: ₹134.92

🔄 Previous Resistance/Flip Zone: ₹160-165 (now acting as support)

📈 Immediate Resistance Levels: ₹180, ₹195, ₹210

📈 Technical Indicators & Patterns:

Falling Trendline Breakout visible with strong bullish momentum.

Volume confirmation indicates institutional interest.

Price closing above ₹165 can lead to further upside.

🔍 Volume Insight:

Volume surged to 277K, which is significantly higher than the average, adding credibility to the breakout.

🚀 Potential Setup:

If price holds above ₹165–₹168, next targets could be ₹180 and ₹195.

Pullback toward ₹160–₹165 zone can be seen as a retest and buying opportunity.


📌 Disclaimer: This is for educational and analysis purposes only. Always consult your financial advisor before making investment decisions.