The current price is trading below both the 50-day and the 200-day moving averages, signaling that a negative trend is currently prevailing in the market. This positioning reflects sustained weakness and indicates that prices remain under pressure in the broader technical structure. The MACD indicator is displaying a bearish crossover, reinforcing the view that the downside trend is likely to persist in the near term. This technical signal suggests that selling momentum continues to dominate and that any short-term recoveries may face resistance.

The Relative Strength Index has slipped below the 50 mark, highlighting a decline in buying momentum and a rise in negative sentiment. This shift points to weakening bullish interest, with market participants showing greater inclination toward selling rather than accumulation.

In the current setup, immediate support is observed at Rs 5,484, while resistance levels are placed at Rs 5,775 and Rs 5,930. Volume patterns further confirm the bearish tone, as trading activity has increased during price declines, indicating strong selling pressure and reinforcing the negative outlook for guar seed futures.