EIH Ltd – Bearish Trend with Short-Term Bounce

📊 EIH Ltd – Bearish Trend with Short-Term Bounce The stock remains under pressure in a broader downtrend, but a minor recovery is visible from recent lows. 🔎 Technical Observations: • Clear downtrend with lower highs & lower lows • Recent sharp sell-off followed by a bounce from support zone • Price still trading below key resistance levels • Selling pressure dominant despite short-term recovery • Momentum indicators remain weak overall 🔑 Key Levels to Watch: • Immediate Resistance: ₹297 – ₹323 • Major Resistance: ₹332 – ₹348 • Immediate Support: ₹271 – ₹246 🚀 Upside (Pullback) Targets: • ₹323 • ₹332 📉 Downside Scenario: If price fails to hold ₹271, further downside may continue towards: • ₹246 • ₹230 📈 Trading View: This looks like a pullback within a broader downtrend 👉 Avoid aggressive buying until strong reversal confirmation ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📉