DOMS Industries — Sharp Correction Testing Demand Zone
DOMS
• Price correcting after strong rally toward ₹3,000
• Trading below a falling resistance trendline
📊 Key Price Levels
• ₹2,404 – Major supply / resistance zone
• ₹2,281 – Important pivot level
• ₹2,142 – Immediate reaction area
• ₹2,101 – Strong structural demand zone
⚡ Price Behaviour
• Price has moved into the lower band of the retracement structure
• Reaction candles suggest buyers attempting to defend the demand zone
📈 Momentum & Participation
• RSI approaching oversold levels, indicating stretched downside
• Volume expansion visible during the recent move
📢 Disclaimer: For educational and technical analysis purposes only; not investment advice.
👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)