MUTHOOTFIN Structure Breakdown- 2277- Step Towards a Fall

🔍 Technical Structure Breakdown:
🟡 Caution label printed after extended distribution — often a signal for upcoming directional shift.

🔴 Price rejected strongly from the upper red supply zone near ₹2,656, confirming resistance from prior SELL cluster.

⚪ Structure broke below a multi-session accumulation zone, flipping the bias to bearish.

🟢 Current rebound is testing the underside of broken structure — often a key area for rejection or continuation.

📉 Target: ₹2,277, aligning with a major historical reaction zone and potential liquidity pocket.

This setup reflects a classic breakdown-retest structure where price may revisit lower order blocks if it fails to reclaim the broken support zone.

⚠️ Disclaimer:
This post is intended solely for educational purposes and does not constitute financial advice. Please do your own research and consult a licensed financial advisor before making any investment or trading decisions.