Share India Securities — Persistent Downtrend Approaching Major Demand

Price continues to trade under a well-defined falling trendline after the sharp decline from the ₹400+ peak. The stock is currently drifting toward the lower end of the broader retracement structure. 📊 Key Levels • ₹347 – Major overhead resistance and prior swing supply • ₹293 – Intermediate resistance around the 0.618 retracement zone • ₹196 – Key pivot level from earlier breakdown • ₹144 – Immediate structural support currently being tested • ₹121 – Major long-term demand base 📉 Trend Context Lower highs remain intact beneath the descending resistance line, confirming that the broader structure is still corrective. ⚡ Momentum RSI remains below the 50 mark, reflecting weak momentum and absence of strong bullish participation. 📊 Behaviour Price is approaching the lower demand band around ₹121–₹144. Reactions from this zone will likely determine whether the stock stabilises or extends the broader correction. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)