BLS International — Falling Structure, But Demand Is Near

📉 Trend Reality • Strong downtrend after peak near ₹520 • Price respecting a declining channel + lower highs 📍 Key Levels • ₹280 – Major resistance (0.236 + structure) • ₹259 – Current zone • ₹239–240 – Immediate support • ₹216 – Strong base / demand zone ⚡ What’s Happening Now • Price drifting toward lower demand zone • No breakout yet → still within corrective structure 📊 Momentum Clues • RSI deeply compressed → near oversold • Continuous lower highs in RSI → weak momentum 🚨 Reality Check • This is not a bottom yet • It’s a controlled downtrend with slow bleed 🎯 What Changes the Setup? • Break above falling structure → early strength signal • Breakdown below ₹239 → continuation toward ₹216 📢 Disclaimer: Educational only. Not investment advice. 👤 Rajneesh Sharma — SEBI Registered Research Analyst (INH000020332)