DCX Systems — Early Trendline Break With Momentum Recovery

Price had been moving under a persistent falling trendline with a sequence of lower highs. The latest move shows an attempt to break above the short-term descending structure after forming a base near recent lows. 📊 Key Levels • ₹223 – Major overhead resistance from previous supply • ₹203 – Immediate resistance zone where price recently reacted • ₹190 – Current trading region and short-term pivot • ₹159 – Strong structural support from recent base 📉 Trend Context The broader structure still reflects a corrective phase while price trades below the long-term declining trendline. However, the recent breakout attempt suggests early signs of structural stabilisation. ⚡ Momentum RSI has broken out from its own falling channel and moved higher from oversold territory, indicating improving internal momentum. 📊 Participation Recent candles show stronger bullish reaction near the support zone, suggesting accumulation interest after prolonged weakness. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)