GREENLAM volume pumped in.

📊 Step 1: Price Action Analysis
Chart Summary:

Price recently reversed from a low near ₹210 and surged toward ₹270.

A corrective pullback occurred, finding support near ₹240, which also aligns with a previous demand zone (highlighted green).

The stock is currently trading at ₹250.35 after a bounce off support, showing strength.

Candle Patterns:

Recent candles suggest bullish intent — long lower wicks and follow-through buying.

Small bullish structure forming with a potential higher low.

📈 Step 2: Volume and Momentum
Volume:

Noticeable volume spike during the uptrend in late May.

Volume during the recent pullback is lower, which is a bullish sign (healthy retracement).

Volatility:

Moderate range movement; not too aggressive — indicates stability and accumulation.

🔍 Step 3: Stage Identification
✅ Current Stage: Stage 2 – Early Accumulation to Markup

Why?

The stock completed a downtrend (Stage 4) from October 2024 to April 2025.

From May onward, it's shown clear higher highs and higher lows — a Stage 2 behavior.

Now consolidating and bouncing off a Fibonacci retracement level (0.618 zone).

Strong support established; retest done; buyers showing up.

🎯 Trade Structure (as per your chart):
Entry: Near ₹250–252

Stop-loss: Below ₹240

Target Zone: ₹262–270 (short-term), ₹280+ (medium-term)

🧠 Risk-Reward Ratio: Reasonable for swing entry
📈 Fibonacci Support: Bounce from 61.8% retracement confirms technical strength

✅ Final Strategy & Plan
Element Value
📌 Stage ✅ Stage 2 (Early markup)
📉 Support ₹240–244
📈 Resistance ₹270 (short), ₹280+ (next swing)
🎯 Target ₹262–270
❌ Stop-loss Below ₹240

🔔 Action Plan
Good for Swing Trade or Positional Entry

Add more on a breakout above ₹260 with volume

Trail SL above ₹244 once ₹260+ is sustained