Oracle Financial Services Software Ltd – Breakdown & Bearish Continuation Setup (Daily Chart)

📊 Oracle Financial Services Software Ltd – Breakdown & Bearish Continuation Setup (Daily Chart) The stock has confirmed a strong breakdown from major support and is currently trading in a clear downtrend with sustained selling pressure. 🔎 Technical Observations: Breakdown below ₹7,400–₹7,300 support zone Strong bearish candle with volume spike Lower High – Lower Low structure intact Price trading below 20 & 50 EMA Downward sloping trendline acting as resistance Bollinger Bands expanding on downside RSI hovering near 40 (weak momentum zone) 🔑 Key Levels to Watch: Immediate Resistance: ₹6,980–₹7,130 Major Resistance: ₹7,450 Immediate Support: ₹6,600 Major Support: ₹6,100–₹6,000 📉 Bearish Scenario: Failure to sustain above ₹6,980 may lead to further downside towards: ₹6,600 ₹6,100 ₹6,000 (major demand zone / projected target area) 📈 Pullback Scenario: Short covering bounce possible only if price reclaims ₹7,130+, which can push toward ₹7,450 resistance. Trend remains bearish unless key resistance is reclaimed decisively. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS