TIMKEN (Timken India Limited)

is currently exhibiting a clear bearish trajectory on the 15-minute timeframe. After failing to sustain levels above the 3,120 mark earlier in the month, price action has transitioned into a series of lower highs and lower lows. The price is fast approaching the 2,975–2,980 horizontal support zone (white line in the chart). A breach here exposes the major structural support at 2,940 (lower white line), which represents the recent swing low. Any relief rally will face stiff resistance at the 3,020–3,040 cluster. This zone, previously acting as a consolidation base, has now flipped into a "Supply Zone" The technical setup remains Bearish as long as the stock stays below the 3,040 mark. The immediate objective for the bears is a test of the 2,940 support. Consolidation or a "fake-out" near 2,980 may occur, but without a high-volume reversal candle, the bias remains skewed to the downside.