ANNAT RAJ – Educational Technical Overview
(SEBI Reg. INH000019886 | Learning Purpose Only)
The stock has been in a strong downtrend, consistently closing below the 20 EMA and riding the lower Bollinger Band. Today it has formed a small bounce candle right from the band support.
🔍 Key Technical Points
Price continues to follow a lower-band breakdown structure
First green candle after a long selling streak → short-term relief signs
Still far below the 20 EMA → trend remains weak
Volume remains moderate, no strong buying confirmation yet
🎯 Edu Levels
Immediate Resistance: ₹494 – ₹505 zone
Major Resistance: 20 EMA near ₹570
Support Zone: ₹485 – ₹470
📈 Summary
This is an oversold bounce, not a confirmed reversal.
A trend change will require a breakout and close above the 20 EMA with strong volume.
⚠️ Educational Purpose Only
— AALGO BREATHS