• Price has been in a persistent downtrend with lower highs and lower lows
• The stock has now reached a long-term demand zone after a sharp decline
📊 Key Price Zones
• ₹752 – Major resistance from prior supply
• ₹599 – Intermediate pivot level
• ₹500–520 – Immediate reaction zone
• ₹439–450 – Strong structural demand and long-term support
⚡ Price Behaviour
• The recent fall pushed price directly into the ₹439 demand region
• Early signs of buying interest emerging near the base
📈 Momentum
• RSI in oversold territory, indicating stretched downside conditions
• Downside momentum appears exhausted after the sharp decline
📊 Trend Context
• Broader structure remains corrective until price reclaims higher resistance levels
📢 Disclaimer: For educational and technical analysis purposes only; not investment advice.
👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)