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CA Omkar Bhutada - SEBI Reg IA

30th Mar · SEBI-Registered Analyst

This one is completely different from the previous charts — and you need to treat it differently ⚠️

BSOFT
1. Strong Downtrend (Structure Broken) Continuous lower highs + lower lows No bullish structure at all Every bounce = selling opportunity 👉 This is distribution, not accumulation 2. Range Breakdown (Very Important) Previous range: ₹340 – ₹460 Price is now: Breaking ₹340 support Trying to sustain below it 👉 This is a range breakdown = bearish continuation 3. No EMA Support Price is below key EMAs EMAs likely sloping down 👉 Momentum = bearish 📉 What’s the Opportunity? ❌ For Buying (Avoid) No confirmation No strength Catching bottom = risky 👉 This is not a buy setup ✅ For Selling (If you trade short side) Trigger: Sustained move below ₹330–335 👉 Then: Targets: ₹300 ₹270 ₹240 💡 Your arrow towards downside is absolutely valid ⚠️ Trap Scenario (Important) If price: Reclaims ₹340 quickly Moves back into range 👉 Then: Short covering rally to ₹380–400 possible 📊 Smart Trading Plan 🔻 Short Setup Entry: Below ₹330 SL: ₹350 Strategy: Ride trend

#TechnicalViews#FundamentalViews#WatchOutFor#StockInNews#Today’sTradingSetup
BSOFT_2026-03-30_09-23-25.png
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