Maharashtra Seamless Ltd – Technical View
The stock continues to trade in a broader downtrend, forming a Falling Wedge within a declining channel. Recent price action shows a minor bounce from lower levels, but the stock is still trading below key moving averages, indicating weak overall structure. Momentum indicators remain subdued, suggesting the move is corrective rather than a trend reversal.
🔹 Resistance: ₹540–560
🔹 Support: ₹510 | Major: ₹495
🔹 RSI: ~35–45, weak momentum
🔹 Volume: No strong accumulation seen yet
📉 Bias: Sell on rise near resistance.
📈 A sustained breakout above ₹560 with volume is required to confirm reversal.
📜 SEBI Regd RA | AALGO BREATHS (INH000019886)
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