Saregama India Ltd – Bearish/Range Setup
📊 Saregama India Ltd – Bearish/Range Setup
Stock is consolidating after a correction, with price moving inside a triangle/pennant structure near key support.
🔎 Technical View:
• Triangle formation visible
• Price near ₹500 zone
• Momentum remains weak
• Support holding around ₹475
• Breakout confirmation needed
🔑 Key Levels:
• Support: ₹475–450
• Major Support: ₹425–400
• Resistance: ₹525–550
🎯 Upside Levels: ₹575 | ₹599 | ₹624
📉 Downside Levels: ₹450 | ₹425 | ₹400
📈 View: Above ₹525–550, bullish momentum may improve.
📉 Risk: Below ₹475 may increase downside pressure.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊