Adani Total Gas — Is This the First Sign of a Trend Reversal?

📉 Trend Context • Price has been locked inside a persistent falling channel • Structure clearly shows lower highs and lower lows 📍 Critical Price Zones • ₹607 – Immediate resistance / trendline barrier • ₹590–₹540 – Key demand zone where buyers appeared • ₹485 – Major structural support below 🧭 Current Price Action • Price has reacted strongly from the demand zone • Now attempting to challenge the falling resistance line 📊 Momentum Signals • RSI forming bullish divergence after extended weakness • Volume spike near the lows indicates fresh participation 👀 What This Means • A sustained move above the falling trendline could shift short-term momentum • Failure near resistance may keep the downtrend structure intact 📢 Disclaimer: For educational and informational purposes only. Not investment advice. 👤 Rajneesh Sharma — SEBI Registered Research Analyst (INH000020332)