#LTM
Structure:
- Massive downtrend from ₹6,344 → ₹3,855 (40% fall!)
- Multiple pink/orange horizontal bands = institutional supply zones (4,690 / 4,758 / 5,045 / 5,197 / 5,395)
- Today's bounce to 4,061 is within a consolidation (3,985 → 4,279 range)
- PSAR above price = bearish
- EMA still falling
Assessment:
- Daily CCI -66 = Negative (not even neutral)
- Weekly CCI -98.51 = On the verge of -100 (bearish confirmation)
- Monthly CCI -156 = Sentiment Changer BEARISH (<-175 territory approaching)
- Massive overhead supply — 5+ resistance bands between current price and previous highs
- Structure is overlapping (sideways chop between 3,947-4,279)
Verdict: STRONG AVOID. Monthly CCI -156 = macro trend deeply bearish. Weekly about to confirm below -100. Today's bounce is a relief
rally within a bear trend.
