Rally Rejected:

NLCINDIA

Slips Back Into Distribution Mode

has faced a clear rejection from the 275–280 supply zone and is now trading below the 250 mark, indicating weakening bullish strength. The price structure shows lower highs forming after the recent peak, while selling pressure is visible on up-moves, hinting at distribution. If the stock fails to reclaim 255 decisively, further downside toward the 235–225 support zone looks likely. Overall, the trend remains cautious to bearish unless a strong reversal with volume emerges.