Trend: Intraday bearish structure with lower highs after breakdown. Important Levels: Resistance (breakdown level): 3474–3480 Immediate resistance: 3460 Support: 3406 Below 3406 → vacuum zone opens Expected Move: Price is doing a pullback towards the breakdown zone. Unless 3475 is reclaimed with strength, this remains a sell on rise structure. Break of 3406 → fresh intraday leg down. Short Fundamentals: Gold loan NBFC, strong business model, but technically in short-term distribution phase. Final Verdict: Below 3475 = bearish intraday bias. Watch for breakdown continuation below 3406.