SULA at Crucial Support |Falling Wedge + Potential Bottom FormatSula Vineyards Ltd.NSE:SULAELEARNSTOCKTRADER🔎 Technical Overview SULA is currently trading near a major support zone (247–250). This level has acted as strong demand in the past and price is once again testing it. 📉 Price Structure The overall trend remains downward, with the stock making lower highs and lower lows. Current price action resembles a Falling Wedge / Descending Channel, often considered a potential reversal setup if a breakout occurs. The repeated test of the same support zone hints at a possible bottoming formation. 📈 Potential Double Bottom Setup Price touched this 247–250 zone earlier and bounced. Now, it is testing the same level again, which opens the possibility of a Double Bottom pattern. Confirmation would come only if price sustains above the 274–280 neckline with strong volume. 📊 Momentum & Volume RSI is hovering near the oversold zone (~30), suggesting that downside momentum is stretched. A recent volume spike indicates increased participation, which often happens near reversal zones. ⚠️ Disclaimer This analysis is shared purely for educational and technical study purposes. It is not a Buy/Sell recommendation. Please consult a SEBI registered financial advisor before making any trading or investment decisions.