SHAREINDIA Falls for Second Session Despite Fundraise

Share India Securities declined on September 22, 2026, despite approving a ₹200 crore fundraising plan. ₹197.50 remains a key support level. Share India Securities

remained under pressure on September 22, 2026, even after the company approved a ₹200 crore fundraising proposal and plans to invest in a newly incorporated subsidiary. Share India Securities declined on September 22, 2026, closing in the red for the second consecutive session despite the company's Board approving a proposal to raise up to ₹200 crore through a preferential issue of convertible warrants. The Board also approved the incorporation of a new subsidiary and a proposed investment of up to ₹120 crore in its equity shares, reflecting the company's expansion and capital allocation plans. Rationale: Although the stock witnessed profit booking on September 22, 2026, the broader technical structure remains positive following a breakout from an inverse head-and-shoulders pattern. The neckline breakout near ₹197.50 remains an important level for traders, and sustained trading above this zone could help preserve the bullish setup. Market participants are likely to monitor whether the stock attracts fresh buying interest around support levels. From a technical perspective, the stock recently broke above the neckline of an inverse head-and-shoulders pattern near ₹197.50, which may now act as a key support zone. The low of the right shoulder around ₹165 remains an important downside support if selling pressure intensifies. On the upside, ₹233, the stock's 52-week high recorded last week, is the immediate resistance level to watch & ₹260 as the next major resistance zone. Disclosure: I have no holding in the mentioned scrip. This content is shared solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell.