Technical Analysis Goldiam International Ltd

The stock

is daily chart shows a strong short-term downtrend. After trading in a broad choppy range for several months and testing highs near 425 earlier this year the stock has experienced a sharp and aggressive sell-off. This downward move has brought the current price down to 291.10. A critical observation on this chart is the volume profile. There was a massive spike in selling volume during the steep drop between late February and early March. This high-volume breakdown highlights strong bearish pressure. Over the last few sessions as the price hovers near 291 the volume has dried up significantly. This suggests a pause in the heavy selling and temporary indecision in the market. Immediate support the stock is currently trying to hold immediate support near the recent swing low of 288–290. Major support if this current level breaks and the downtrend resumes the next major historical support zone is visible much lower around the 246–250. Resistance on the upside any recovery bounce will likely face immediate resistance near 325 a previous support area that was broken. Above that the 350 zone will act as heavy resistance. Short-Term buyers avoid buying right now as the downward momentum is still strong wait for a clear bullish reversal pattern to form above 290. Current holders watch the immediate support zone of 288-290 very closely. If the price breaks and closes below this level maintaining a strict stop-loss is crucial to protect your capital, as the stock could drop further towards 250. The overall chart structure is currently weak due to the recent high-volume sell-off. While the stock is pausing at current levels it has not yet formed a reliable base or a clear reversal pattern. A technically sound setup would require the stock to consolidate here and demonstrate a bullish reversal pattern backed by strong buying volume. Until those signs appear the trend remains under pressure.