📉 JTL Industries Ltd – Bearish Setup in Play

⚡ Chart Structure: Price moving inside a falling channel. Recent price action shows rejection near the upper boundary of the channel. 🔎 Key Bearish Signals: Bearish Divergence: Price made a higher high, but RSI made a lower high → classic warning sign. Channel Resistance: Price failed to break out of the falling trendline. Weak Follow-Through: Selling pressure emerged quickly after testing the resistance. 🔻 Possible Price Action: May drift lower within the channel. Next visible support zone near ₹72-₹70 range. Fresh momentum only if the price decisively breaks the falling channel. 🚨 Quick Takeaway: Structure remains weak unless a breakout happens. Bearish divergence on RSI suggests caution. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.