📊 Godawari Power & Ispat Ltd – Double Top Breakdown Attempt
The stock recently formed a Double Top pattern near resistance and is now showing signs of volatility with a sharp bounce from lower levels.
🔎 Technical Observations:
• Strong uptrend followed by resistance rejection
• Clear Double Top formation (Top 1 & Top 2)
• Breakdown attempt below neckline
• Sharp bullish recovery after fake breakdown
• High volatility near key zone
🔑 Key Levels to Watch:
• Immediate Support: ₹292 – ₹285
• Major Support: ₹275 – ₹260
• Immediate Resistance: ₹305 – ₹315
🚀 Upside Targets:
• ₹325
• ₹345
• ₹365+
📉 Risk Scenario:
Sustained move below ₹285 may confirm breakdown and push price towards ₹260
📈 Trading View:
👉 Stock is at a crucial reversal zone after Double Top
👉 Strong move above ₹315 can negate bearish pattern
👉 Below ₹285, bearish momentum may increase
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊
Godawari Power & Ispat Ltd – Double Top Breakdown Attempt
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