Indegene Ltd – Technical View
(SEBI Reg. INH000019886 | Educational Purpose Only)
🔹 Price Action:
The stock is currently in a downtrend, making lower highs and lower lows after rejection from the ₹500+ zone.
Recent price action shows a bounce from ₹420–₹430 support, indicating short-term stabilization.
🔹 Indicators:
Price is trading below key moving averages, keeping overall trend weak.
RSI near 46–48 suggests neutral momentum with slight recovery signs.
Volume shows mild buying interest at lower levels but lacks strong breakout confirmation.
Multiple resistance zones overhead may act as supply pressure.
🔹 Key Levels:
🔼 Upside: ₹460 → ₹475 → ₹500
🔽 Support: ₹435 / ₹420
A sustained move above ₹460 is needed for short-term recovery.
Break below ₹420 may resume the downtrend.
💡 Bias: Sideways to weak; recovery possible only above resistance breakout.
⚠️ Disclaimer: Educational purpose only. Not a buy/sell recommendation.