Bayer CropScience India (BAYERCROP)

chart shows a significant bearish trend that started in late October. The stock has been making consistent lower highs and lower lows. It recently attempted a recovery in late December but faced rejection near the 4,600 level, forming a secondary peak. It is currently hovering near a crucial support zone around 4,270 – 4,300. The most recent candles show a lack of buying conviction. : If it breaks below the recent low of 4,273, the downtrend will likely accelerate. A reversal would only be confirmed if it clears and sustains above the 4,500 mark with high volume.