UTIAMC

Relief Rally Fading Downtrend Still in Control

remains in a broader bearish structure, with price trading below key long-term EMAs (50/100/200), indicating sustained selling pressure. The recent bounce looks like a temporary pullback rather than a trend reversal, as price is facing rejection near resistance and volumes show distribution. RSI is improving but not strong enough to confirm momentum, suggesting the stock may resume its downtrend or consolidate lower unless it decisively breaks above overhead resistance.