📉 Aurum Proptech – Support Bounce, High Volume, Supply Pressure

🔹 Price Action CMP: ₹171 (+1.84%) – minor bounce this week. Strong rebound from long-term rising trendline (~₹160–162). Price still capped below ₹180–200 heavy supply zone. 🔹 Technical Observations Support Trendline: Price respected rising support since 2022 → buyers active near lows. High Volume Bounce: Recent surge in volumes suggests accumulation attempt. Supply Overhead: Downtrend line + horizontal supply at ₹180–200 acting as major hurdle. 🔹 Key Levels Immediate Resistance: ₹180 → ₹198. Immediate Support: ₹162. Major Support: ₹150 (trendline + horizontal zone). 🔹 Indicators RSI ~44: Attempting recovery, but still below neutral 50. Momentum: Weak, unless sustained close above ₹180. Trend: Sideways-to-corrective in medium term. 🔹 Strength & Risk ✅ Rising long-term trendline holding strongly. ✅ High volume bounce from support. ❌ Heavy supply overhead → upside capped. ❌ Weak RSI momentum → consolidation likely. 🔹 Outlook Short Term: Likely consolidation between ₹160–180. Medium Term: Breakout above ₹200 needed to turn trend bullish again. Risk: Breakdown below ₹160 may trigger deeper fall to ₹140–130. 📌 Strategy Traders: Avoid fresh longs until decisive close above ₹180–200 zone. Investors: Can accumulate slowly near ₹160 with SL below ₹150. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).