Akzo Nobel India – Educational Technical View
(SEBI Reg. INH000019886 | For Learning Purpose Only)
The chart shows a clean Falling Wedge breakout, followed by steady consolidation inside an upward channel. Price is respecting both 20 EMA & 50 EMA, with strong volume confirmation on breakout.
🔍 Key Technical Highlights
Clear Falling Wedge breakout with volume expansion
Price holding above EMAs → trend strength intact
Consolidation near upper channel zone
Bollinger Bands widening → volatility expansion
Momentum indicators turning upward
🎯 Edu Levels
Immediate Resistance: ₹3,620 zone
Support Levels: ₹3,447 and ₹3,277
Pattern Target Zone: ~₹3,850 – ₹3,900
📈 Summary
As long as price sustains above ₹3,447, the bullish structure remains strong. A breakout above ₹3,620 can open the next move toward the projected wedge target.
⚠️ Educational Purpose Only
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