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VijayBabuA

GREENPANEL INDUSTRIES AT Weekly Support-pullback

GREENPANEL INDUSTRIES LTD (NSE:GREENPANEL)  
VijayBabuA  
NSE:GREENPANEL   GREENPANEL INDUSTRIES LTD
Trend Analysis Chart Patterns pullback
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trendanalysis chartpattern pullback
it has formed indecisive candle on daily chart.
Any rally can take it upto 530 levels. however rejection at 530 levels may bring new lows.
Weekly RSI has fallen below 60 levels, indicating lost momentum.
interestingly monthly chart forming evening star. wait till month end for confirmation
otherwise a rejection at 530 levels shall confirm bearishness or consolidation on higher time frame . probably it may test 20Month MA.
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