SRG Housing Finance — Long-Term Trend Breakdown Meets Critical Support Retest

1️⃣ Price Structure: Price remains in a broader lower-high and lower-low formation after losing the rising trendline support. The recent move shows compression near a horizontal base, suggesting a pause after sustained downside pressure. 2️⃣ Trendlines & Channels: A descending resistance line continues to cap rallies, while the earlier upward trendline now acts as a structural reference rather than active support. The latest candles are forming a minor falling micro-channel near the base zone. 3️⃣ Key Support & Resistance Levels: • ₹283–285: Overhead resistance aligned with moving averages and trendline pressure. • ₹270: Immediate pivot zone where price is currently consolidating. • ₹263–255: Strong support band marked by prior demand and horizontal structure. • ₹300+: Higher supply area from previous distribution phase. 4️⃣ Momentum & RSI Behaviour: RSI is moving inside a downward-sloping range but attempting stabilization near the lower band. Momentum remains subdued, indicating consolidation rather than strong directional strength. 5️⃣ Volume Observation: Volume has stayed relatively moderate during the decline, with no aggressive expansion on recent candles — suggesting controlled selling pressure rather than panic moves. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)