AIIL

Early Signs of Recovery After Sharp Fall

is showing a mild bullish recovery after a sharp downtrend where the stock corrected heavily from higher levels. The recent candle indicates buying interest near lower levels around 430–440, suggesting a potential short-term bounce. ADX remains above 30, indicating the trend is still strong, while RSI is gradually stabilizing from lower levels. However, the overall structure is still weak unless the stock sustains above the 480–500 resistance zone. In the near term, the stock may witness a technical rebound, but confirmation of a stronger bullish trend will only come after a sustained move above key resistance levels.