📉 Bank of Baroda – Breakdown Setup Forming (Daily Chart)

🔍 1. Price Losing Momentum Near Swing Highs Last 3–4 candles are showing lower highs + lower lows Buyers are failing to push above 295–300 Sellers are stepping in quicker This confirms distribution, not accumulation. 📉 2. Breakdown of Short-Term EMAs Price is now below the 26 EMA (green) Very close to testing the 52 EMA (orange) If 52 EMA breaks → strong momentum shift to downside The short-term trend is clearly weakening. 🔻 3. Horizontal Support at ₹264 is the Key Level You've marked ₹264 — this is exactly correct. Why? It was previous resistance during October It acted as support in November pullback It aligns with mid-structure swing lows High-volume area previously A break of this will confirm a trend reversal on daily timeframe. 🎯 4. Downside Targets (If ₹264 Breaks) Target 1: ₹264 — Immediate support Expect first reaction here. Target 2: ₹253–255 (125 EMA zone + demand area) This level has strong confluence: 125 EMA High-volume support Base of last rally Target 3: ₹241 (extended target) Possible only if broader market weakens. Your arrow direction is accurate — price is pointing toward the ₹264 zone. ⭐ 5. Bullish Scenario? (Low Probability Right Now) Trend turns bullish again only if price closes above ₹295 + reclaims 26 EMA. Until then → Sell on rise structure remains active. 📌 Final View Bias → Mildly bearish Structure → Lower highs, EMA weakness Next level → ₹264 Break of ₹264 → Move toward ₹253