Centum Electronics — Pullback Structure Stabilizing Near Rising Trend Support

🔍 Technical Analysis 1️⃣ Price Structure & Trendlines: Price continues to respect a broader rising trendline while recently correcting inside a downward-sloping channel. The latest bounce from the lower boundary suggests stabilization within the larger uptrend framework rather than a fresh directional breakout. 2️⃣ Key Levels: • ₹2,988: Major overhead resistance aligned with prior swing high. • ₹2,568–2,570: Immediate resistance zone where supply previously emerged. • ₹2,092: Strong structural support coinciding with horizontal demand and rising trendline. • ₹2,200–2,250: Intermediate pivot area influencing short-term rotations. 3️⃣ Trend Context: The broader structure still reflects higher lows supported by the green trendline, while the red upper trendline highlights a wider consolidation range developing after the previous rally phase. 4️⃣ Volume Characteristics: Recent candles show noticeable volume expansion near the bounce, indicating renewed participation. However, volume behaviour remains inconsistent compared to earlier impulsive rallies. 5️⃣ RSI & Momentum: RSI shows a recovery from lower levels after forming a downward momentum structure, indicating improving internal strength while still staying within a neutral momentum zone. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)