Crest Ventures — Range-Bound Compression Within Broader Downtrend Structure

🔍 Technical Analysis 1️⃣ Price Structure & Trendlines: Price remains confined inside a wide horizontal range while respecting a broader declining trendline from prior highs. The structure shows prolonged consolidation with lower highs developing inside the range, reflecting compression rather than directional expansion. 2️⃣ Key Levels: • ₹429–430: Major overhead resistance aligned with historical supply and falling trendline. • ₹394–395: Mid-range resistance where price repeatedly faces rejection. • ₹363–365: Immediate support zone around current consolidation. • ₹347: Lower boundary of the range acting as structural demand. 3️⃣ Range Behaviour: Multiple swings between the upper and lower band indicate sideways participation. Price repeatedly rotates between support and resistance, suggesting equilibrium between buyers and sellers rather than trend continuation. 4️⃣ Volume Characteristics: Volume remains relatively muted across the range, indicating absence of strong expansion phases and reinforcing the consolidation narrative. 5️⃣ RSI & Momentum: RSI shows gradual higher lows despite flat price movement, highlighting mild internal momentum improvement while still staying within a neutral zone below strong bullish territory. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)