SUPREMEIND

- Descending Triangle

The stock is forming a descending triangle, characterized by a series of lower highs pressing against a relatively flat support zone around ₹3,150–₹3,200. This reflects a gradual loss of buying strength as sellers become increasingly aggressive. Price is currently trapped between falling resistance and long-term support, placing the stock at a technical inflection point. A decisive move beyond either boundary is likely to determine the next major trend. For now, the pattern remains unresolved. A breakout above the descending trendline would suggest improving momentum, while a breakdown below ₹3,150 could confirm the bearish continuation implied by the triangle structure.