Intellect Design Arena Ltd – Technical View

📊 Intellect Design Arena Ltd – Technical View Timeframe: Daily The stock has faced strong rejection from the Top-2 zone, followed by a lower-high formation, indicating trend exhaustion after the prior rally. Price is currently below the 20-DMA and moving inside the lower Bollinger Band, suggesting weak momentum with sideways-to-bearish bias. 🔑 Key Levels Immediate Resistance: ₹1,075 – ₹1,090 Major Resistance: ₹1,120 Support Zone: ₹1,020 – ₹1,000 Lower Support: ₹980 – ₹950 📉 Outlook As long as the stock remains below ₹1,090, upside is likely to be capped. A breakdown below ₹1,020 can open downside towards ₹980 / ₹950. Fresh strength will only come on sustained close above ₹1,120 with volume. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS