Butterfly Gandhimathi — Falling Channel With Early Momentum Recovery

• Price has been moving inside a descending channel after the sharp decline from the ₹1,250 zone • The broader structure still shows lower highs and corrective price action 📊 Key Price Zones • ₹813 – Major resistance (0.382 retracement zone) • ₹710 – Important pivot and previous breakdown level • ₹694–700 – Immediate resistance currently being tested • ₹600–620 – Strong structural support region • ₹543 – Major long-term demand zone ⚡ Price Behaviour • Price is attempting a bounce from the lower band of the falling structure • Current move suggests a short-term relief rally toward the mid-range resistance 📈 Momentum • RSI turning upward sharply, indicating improving momentum • Suggests selling pressure is weakening after prolonged decline 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)