KANORIA CHEMICALS

**⚗️ KANORIA CHEMICALS — Weekly Chart Breakdown** *Chart by @RShivashankar | TradingView* 🕯️ **O:** 153.05 | **H:** 180.99 | **L:** 152.80 | **C:** 169.64 🚀 **+9.05%** on the week (strong green candle, wide range) ━━━━━━━━━━━━━━━━ **🔓 THE SETUP** Price bottomed near ₹55 in early 2025 after a long multi-year downtrend/consolidation from 2023 highs, then staged a sharp recovery through 2026 and is now approaching a major overhead resistance around ₹177 that hasn't been tested since mid-2024. **🧱 KEY ZONES** 🔴 Major overhead resistance (untested since 2024): **~₹177** 🟢 Recent higher-low / trend base: **~₹55** 📦 Long downtrend (2023–early 2025) has reversed into a sustained uptrend over the past ~18 months **⚠️ Where this stands:** Unlike Manaksia (already broken out) or SEAMEC (sitting right at the level), Kanoria is still approaching resistance — this week's candle pushed right into the ₹177 zone but hasn't closed decisively above it yet. This is a "watch for confirmation" chart. **📐 HOW TO MAP YOUR OWN LEVELS** *(method only — plug in your own risk tolerance)* 1️⃣ **Measured Move:** Range height (₹177 − ₹55 ≈ ₹122) projected from a confirmed breakout point → reference extension zone above ₹177 2️⃣ **Swing-High Zones:** This week's high (₹180.99) is the immediate level to clear for confirmation 3️⃣ **Stop-Loss Logic:** Below this week's low (₹152.80) or below the most recent swing low in the uptrend — a break there would question the current momentum 4️⃣ **Trailing Rule:** If ₹177 breaks and holds, trail below each new rising swing low as the trend extends **🔊 CONFIRMATION SIGNS TO WATCH** ✅ Weekly close above ₹180.99 with strong volume = resistance breakout confirmed ⚠️ Rejection/reversal from ₹177 zone = potential range continuation, watch for pullback toward ₹140–150 ━━━━━━━━━━━━━━━━ ⚠️ **Educational chart analysis only — not investment advice. Not a target/SL recommendation. Please do your own research and consult a registered advisor before trading. Trading involves risk of capital loss.**