🍪 Mrs. Bectors Food Specialities Ltd. – Potential Falling Wedge Reversal Near Key Fib Support

Mrs. Bectors is showing early signs of a bullish reversal after a prolonged correction within a falling channel. Price action has bounced precisely near the 0.786 Fibonacci retracement zone and long-term trendline support, hinting at exhaustion of selling pressure. 🔹 Technical Overview Pattern: Falling wedge — a typically bullish reversal formation. Support Zone: ₹1,227–₹1,330 (trendline + Fibonacci confluence). Resistance Zone: ₹1,430–₹1,465 (upper wedge boundary). Moving Average: Price reclaiming 30W SMA — indicating potential base formation. RSI: Flattening near 45–50 range, showing loss of bearish momentum. 🔹 Interpretation ✅ Price holding at multi-support zone with visible buying strength. ✅ RSI steadying within a compression zone — early bullish divergence possible. ✅ Breakout above ₹1,430–₹1,465 range would confirm reversal and open the path toward ₹1,600+. ⚠️ Sustaining below ₹1,225 may negate the setup and invite further weakness. Mrs. Bectors appears to be stabilizing after a deep retracement, with improving structure and a potential wedge breakout on the horizon. A strong weekly close above ₹1,430 could trigger a medium-term trend reversal. 📢 Disclaimer: For educational purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)