✒️ Flair Writing Industries Ltd. – Testing Resistance, Key Support Holding

🔹 Price Action The stock closed at ₹317 (-1.63%), after testing the upper resistance zone near ₹345–₹350 and pulling back. Price is still holding above the key ₹301.85 support line, keeping the bullish structure intact. 🔹 Technical View Support Levels: ₹301.85 → ₹285 → ₹260 Resistance Levels: ₹343.90 → ₹350–₹355 (supply zone) Patterns: Price has been moving inside broad ascending channel formations (black dashed lines). Strong rejection seen multiple times near ₹345–₹350, highlighting supply pressure. RSI trending with higher lows (dashed support), indicating bullish momentum buildup. 🔹 Indicators RSI at 52.74, holding above its trendline support – shows resilience despite recent selling. Volume has spiked on rallies, but consolidation volume is low – healthy sign for continuation. Price action shows volatility near resistance but buyers defending supports. 🔹 Strength & Weakness ✅ Buyers defending ₹301.85 support consistently. ✅ RSI forming higher lows – hidden bullish strength. ✅ Structure supports medium-term uptrend continuation. ⚠️ Repeated failures near ₹345–₹350 resistance create supply overhead. ⚠️ Any breakdown below ₹301.85 may drag towards ₹285–₹260. 🔹 Outlook Stock remains in a sideways-to-up trend, consolidating between ₹301–₹350. Breakout above ₹350 with volume can lead to a rally towards ₹380–₹400. Breakdown below ₹301.85 could shift bias bearish towards ₹285/260. 📢 Disclaimer: This analysis is for educational purposes only, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (Reg. No. INH000020332). 📄 Stock market investments are subject to market risks.