Brigade Enterprises — Breakdown + Volume Spike = Smart Money Exit?

📉 Trend Reality • Clear shift from uptrend → downtrend • Now forming lower highs inside a falling channel 📍 Key Levels • ₹1,193 / ₹1,057 – Strong supply zones above • ₹842 – Lost support (now resistance) • ₹691 – Current bounce zone • ₹620–650 – Immediate demand area ⚡ What Just Happened • Sharp fall followed by massive volume spike (⚠️ distribution signal) • Price bouncing, but still below key breakdown level 📊 Momentum Clues • RSI deeply oversold → weak structure • No strong divergence → momentum still bearish 🚨 Reality Check • This is not accumulation yet • Looks like exit + weak bounce 🎯 What Changes the Setup? • Reclaim ₹842 → first sign of strength • Failure near resistance → continuation of downtrend 📢 Disclaimer: Educational only. Not investment advice. 👤 Rajneesh Sharma — SEBI Registered Research Analyst (INH000020332)