📊 Anant Raj Ltd – Weakness After Rejection from Resistance
The stock is facing selling pressure after a failed breakout attempt and is now showing signs of short-term weakness.
🔎 Technical Observations:
• Rejection from higher resistance zone
• Formation of lower highs indicating weakness
• Sharp bearish candle with volume spike
• Price slipping below short-term support
• Momentum indicators turning negative
🔑 Key Levels to Watch:
• Immediate Support: ₹480 – ₹460
• Major Support: ₹430 – ₹400
• Immediate Resistance: ₹510 – ₹530
🚀 Upside Scenario (If Reversal):
• ₹550
• ₹580
• ₹600+
📉 Risk Scenario:
Sustained breakdown below ₹460 may trigger further downside towards ₹430
📈 Trading View:
👉 Stock is showing weakness after rejection
👉 Avoid aggressive buying until strength returns
👉 Reclaim of ₹530 can bring back bullish momentum
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊