Accumulation at Demand — Reversal Building

The stock continues to hold its key demand zone around 400–420, with multiple rejections at lower levels indicating strong buying interest. Recent price action shows tightening near support, suggesting that selling pressure is gradually exhausting while stronger hands quietly accumulate positions.

However, the broader structure remains range-bound, with resistance zones still intact above. Any move toward 550–600 will be a key test, and only sustained strength beyond that can shift the structure toward a bullish expansion. Until then, this remains a base-building phase where patience is more important than prediction.

Strong trends are built at support not at resistance. Watch the base, not the hype.