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Chart Analysis:

There’s a descending triangle pattern forming at the current price level, indicated by a flat support zone (horizontal purple line) and a descending resistance (diagonal purple line).
The price action is consolidating within this range, which is often a bearish signal for continuation in a downtrend.
Support and Resistance:

Resistance levels:
Around ₹95,300–₹95,500 (upper purple trendline or shaded red zone).
Support levels:
Around ₹94,400 (flat purple line below).
Indicators:

Supertrend:
Red zones suggest the current trend is bearish.
EMA (Exponential Moving Average):
The price is hovering below the EMA, reinforcing a potential bearish sentiment.
Bearish Rejection:
Multiple candles show rejection from the resistance zone, which strengthens the likelihood of a downside breakout.
Expectations:

If the price breaks the horizontal support line around ₹94,400, further downside movement can occur.
The next possible support after a breakdown might be around ₹93,300–₹93,500, as visible on earlier price action.
Caution:

Consolidation in a tight range could also lead to a fake-out (a false breakout in either direction), so waiting for confirmation is critical.
Monitor volumes; a breakdown with high volume increases the probability of a genuine move.