Intellect Design Arena Ltd – Technical View
Timeframe: Daily
The stock has faced strong rejection from the Top-2 zone, followed by a lower-high formation, indicating trend exhaustion after the prior rally.
Price is currently below the 20-DMA and moving inside the lower Bollinger Band, suggesting weak momentum with sideways-to-bearish bias.
🔑 Key Levels
Immediate Resistance: ₹1,075 – ₹1,090
Major Resistance: ₹1,120
Support Zone: ₹1,020 – ₹1,000
Lower Support: ₹980 – ₹950
📉 Outlook
As long as the stock remains below ₹1,090, upside is likely to be capped.
A breakdown below ₹1,020 can open downside towards ₹980 / ₹950.
Fresh strength will only come on sustained close above ₹1,120 with volume.
⚠️ Educational view only. Not a buy/sell recommendation.
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