Sona BLW Precision Forgings Ltd – Technical View

📊 Sona BLW Precision Forgings Ltd – Technical View The stock has formed a Head & Shoulders pattern, a classic bearish reversal structure after a prior uptrend. Price recently tested the lower channel support and is attempting a short-term pullback. However, it continues to trade below key moving averages, keeping the broader trend weak. 🔹 Resistance: ₹485–500 🔹 Support: ₹445 | Major: ₹430 🔹 RSI: ~38–42, weak momentum, slight oversold bounce possible 🔹 Volume: Moderate volume on decline, no aggressive short-covering yet 📈 Bias: Pullback may extend towards resistance, but sustained move above ₹500 is required to negate the bearish setup. 📉 Risk: Breakdown below ₹430 may open further downside. 📜 SEBI Regd RA | AALGO BREATHS (INH000019886) ⚠️ Educational purpose only. Not a buy/sell recommendation.