1 Min Read
India Glycols is showing a bullish reversal setup after forming a rounding bottom (cup-like pattern) over the past few months. The price has now broken above the ₹980–₹1,000 resistance zone with a strong volume spike, indicating genuine buying interest. It is also trading above the moving average, which is starting to turn upward—an early sign of trend reversal.
As per the setup, entry is around ₹980–₹1,000, with a stop loss near ₹940–₹950 to manage risk. The expected upside target is in the range of ₹1,150–₹1,180, offering a favorable risk-reward ratio. The key level to watch is ₹980—holding above this supports continuation, while a breakdown below ₹950 may invalidate the breakout.
Target done
