Support levels

$POWERINDIA The 30,400 level is an important support zone as it aligns closely with the long-term rising trendline, making it a key area where buyers may step in. As long as the stock sustains above 30,400, the broader bullish structure remains intact and this zone can act as a base for a potential recovery. However, a decisive breakdown and close below 30,400 could weaken the prevailing uptrend, trigger fresh selling pressure, and increase the chances of a deeper correction. Traders should closely monitor price action around this level for confirmation of either a bounce or a breakdown.