PATANJALI

Under Pressure Downtrend Remains Intact

continue to exhibit a bearish technical structure as the stock remains in a clear downtrend with a series of lower highs and lower lows. The price is trading well below its key moving average around ₹555, indicating sustained selling pressure and weak market sentiment. Additionally, the RSI has slipped near the oversold zone around 30, reflecting strong downside momentum and limited buying interest at current levels. In my view, unless the stock manages to reclaim the ₹520–₹540 resistance zone, it could remain under pressure and may extend its decline toward the ₹460–₹440 levels in the near term.