GANDHAR OIL SHOWING SIGN OF REVERSAL

1. **Price Trend**:

* The price has been in a **downtrend** for a significant period.
* Recently, it formed a **bottom** and is attempting a **reversal** or a **pullback**.

2. **Moving Average 20MA


* The price was below the moving average during the downtrend.
* **Now, price has crossed above the moving average**, which can be an early **bullish signal**.

3. **Volume**:

* There was **high selling volume** during the major drop.
* Recent candles show **increasing green volume**, suggesting **buyer interest**.

4. **Potential Double Bottom or Reversal Setup**:

* The price shows a rounding pattern at the bottom.
* If the price sustains above the moving average, it could indicate a **trend reversal**.

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* **Short-Term Bullish Bias**: If the price continues to stay above the moving average and volume confirms, you could see a **short-term up move**.
* **Watch for Resistance**: Price may face resistance near the previous consolidation zone near 200
* **Confirmation Needed**: Look for confirmation candles (like a strong bullish candle above moving average or a retest of the average with support).

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SL 150 FULL AND FINAL