This is the daily chart of Eicher Motors Limited, and this one is leaning bearish — but not fully confirmed yet.

1️⃣ Structure Overview Phase 1: Uptrend ₹6800 → ₹8300 👉 Strong bullish move Phase 2: Sharp Reversal ₹8300 → ₹6700 👉 Aggressive selling (institutional exit signal) 2️⃣ Current Zone (Critical) Right now price is: Around ₹6800–₹7000 Sitting near previous support (~₹6650) 👉 This level is acting as: Last demand zone 3️⃣ What You Marked (Down Arrow) You’re expecting: 👉 Breakdown → ₹6200–₹6000 This is valid, but needs confirmation 👇 4️⃣ Bearish Confirmation ❌ Breakdown only if: Price closes below ₹6650 Strong red candle (not weak drift) 👉 Then targets: ₹6300 ₹6000 (your zone) 5️⃣ Current Price Behavior (Important Insight) Look closely: Price already bounced once from ₹6650 Small green candles forming 👉 This means: Buyers are still defending Breakdown is not confirmed yet 6️⃣ Bullish Counter Scenario (Don’t Ignore This) If price: ✅ Holds ₹6650 ✅ Reclaims ₹7200 👉 Then: This becomes a false breakdown / shakeout Price can move back to: ₹7600 ₹8000 7️⃣ Smart Money Thinking At this stage: Retail sees fall → panic selling Smart money watches: 👉 “Does support break or hold?” This is again a decision zone (like REC) 8️⃣ Key Levels Resistance: ₹7200–₹7400 Support: ₹6650 (make-or-break) 9️⃣ Trade Plan (Pro Level) Bearish Trade: Sell only below ₹6650 Target: ₹6300 → ₹6000 Bullish Trade: Buy above ₹7200 Target: ₹7600 → ₹8000 🔟 Comparison With Other Charts You Sent Stock Structure Action Oil India Limited Distribution Sell Indian Oil Corporation Limited Double Top Sell REC Limited Trap Zone Wait Great Eastern Shipping Company Limited Breakout Buy Eicher Motors Limited Decision Zone Wait for trigger 🔥 Final Summary Factor Observation Trend Weakening Zone Support test Bias Neutral → Bearish Bear Trigger ₹6650 breakdown Bull Trigger ₹7200 breakout