Arvind SmartSpaces — Downtrend Reaction With Volume Surge

• Price remains in a clear descending trend with lower highs intact • Recent move shows a sharp bounce from a structural support zone 📊 Key Price Zones • ₹632 – Major resistance from prior supply • ₹568 – Immediate resistance where price is currently reacting • ₹521 – Important pivot level from recent breakdown • ₹491 – Strong structural support zone ⚡ Price Behaviour • Price reacted strongly from the ₹491–₹521 demand region • Current bounce is testing the falling trendline resistance 📈 Participation • Significant volume spike indicates strong activity during the recent move • Such expansion often signals institutional participation or aggressive positioning 📊 Trend Context • The broader structure remains corrective until price reclaims the major supply zone 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)