Vidhi Specialty Food — Persistent Downtrend Testing Demand Zone

Price continues to move inside a well-defined descending channel after the sharp reversal from the ₹550 region. The broader structure reflects sustained lower highs and lower lows, indicating a continuing corrective phase. 📊 Key Levels • ₹435 – Major resistance aligned with prior high-volume supply zone • ₹392 – Intermediate resistance from previous consolidation • ₹320 – Immediate pivot where price is currently stabilising • ₹289 – Strong structural support and lower boundary of demand 📉 Trend Context The broader trend remains corrective while price trades within the descending channel beneath previous structural supply zones. ⚡ Momentum Price momentum remains weak within the falling structure, with rallies consistently capped near the upper channel boundary. 📊 Participation Recent candles show some buying reaction near the ₹290–₹320 region, indicating potential demand interest at lower levels. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)