=Universus Photo Imagings Ltd — Attempting a Structural Shift After Prolonged Downtrend

🔎 Price Structure: After a prolonged downtrend from the major top, price has been compressing below a falling trendline. The latest weekly candle shows a strong impulsive move attempting to break the declining structure — signalling a possible transition from base formation toward trend reversal, but confirmation is still pending near overhead supply. 📊 Key Levels to Watch: • ₹406–410: Major resistance and previous supply cluster; strong reaction zone. • ₹284–300: Immediate pivot zone; reclaiming this area improves short-term structure. • ₹234: Minor support aligned with recent consolidation. • ₹173: Strong long-term support from previous base. 📈 Fibonacci Context: Price is currently moving within the lower retracement band of the larger swing. Sustained strength above the 0.382 zone would shift sentiment toward a broader retracement phase. ⚡ Volume & Momentum: Expansion in volume during the recent up-move suggests participation returning after a long period of contraction. Short-term moving averages are turning upward, reflecting improving momentum. 🧠 Technical Observation: The long falling trendline still acts as dynamic resistance. A weekly close above that structure would change market character from corrective to recovery mode. 📢 Educational purpose only — not investment advice. 👤 Rajneesh Sharma — SEBI Registered Research Analyst (INH000020332)