📊 EIH Ltd – Bearish Trend with Short-Term Bounce
The stock remains under pressure in a broader downtrend, but a minor recovery is visible from recent lows.
🔎 Technical Observations:
• Clear downtrend with lower highs & lower lows
• Recent sharp sell-off followed by a bounce from support zone
• Price still trading below key resistance levels
• Selling pressure dominant despite short-term recovery
• Momentum indicators remain weak overall
🔑 Key Levels to Watch:
• Immediate Resistance: ₹297 – ₹323
• Major Resistance: ₹332 – ₹348
• Immediate Support: ₹271 – ₹246
🚀 Upside (Pullback) Targets:
• ₹323
• ₹332
📉 Downside Scenario:
If price fails to hold ₹271, further downside may continue towards:
• ₹246
• ₹230
📈 Trading View:
This looks like a pullback within a broader downtrend
👉 Avoid aggressive buying until strong reversal confirmation
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📉