#PANAMAPET | Low-Volume Pullback at Key Support

CMP: 271.50

Price has returned to a major demand zone, and the decline came on low volume, hinting at weak selling pressure.

Could this be the calm before another rally toward 450+? 🚀

📊 Breakout–Retest–Continuation setup forming!

🛡 Supports: 268-249 / 229
🚧 Resistances: 279 / 347
❌ Invalidation: Below 212.50 (WCB)
🎯 Targets: 380 / 415 / 452+ (ATH)

📊 Volume Trend: Price falling on declining volume → typical sign of healthy corrections within an uptrend.

This setup resembles the early accumulation phase of 2020, where the trend began to reverse from the base zone.

If buyers defend this area, we could see a continuation of the larger bullish trend that started in 2020. 📈

Watch for strength & volume pickup near the support zones for confirmation. 👀

#PANAMAPET #PriceAction #VolumeAnalysis #MarketStructure #LongTerm

📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.