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THREETREND RESEARCH

1st Jan · SEBI-Registered Analyst

HCC
respected an upward sloping trendline acting as support for several months. Recently, this trendline support has been decisively broken, and price has moved below it, indicating weakness and a shift in market structure. After the breakdown, the stock attempted a pullback toward the broken trendline but faced selling pressure, confirming that the earlier support is now acting as resistance. The current price action near the lower levels suggests bearish to neutral sentiment, and unless the stock reclaims and sustains above the broken trendline with strong buying volume, the probability of continued consolidation or further downside remains higher.

#TechnicalViews
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