Innova Captab Limited (Weekly) – Breakdown Phase with Weak Momentum

Trend Structure Price has slipped out of its earlier consolidation range Lower highs and lower lows now visible on the weekly chart Structure indicates distribution rather than accumulation Support & Price Behavior Previous support zone has been broken decisively Breakdowns have been sharper than pullback rallies Earlier support is likely to act as overhead supply now Momentum (RSI) RSI is in oversold territory No bullish divergence visible at this stage Weak RSI aligns with price, indicating trend continuation risk Volume & Participation Selling pressure dominates on down weeks No clear evidence of strong demand absorption yet Overall View Trend remains weak and unbalanced Chart suggests patience until stabilization or momentum improvement appears 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)