DATA PATTERNS - Reversal or Just retest?

The chart is self-explanatory as always.

• The stock kept a downward trend eroding over 63% in value from its ATH in July,2024.
  
• The price recently breached a crucial support at the 1750 level.
  
• The stock is up 7% today and the price seems to be returning to this level.
  
• The question is, Is this a reversal move to end back in the zone OR
• Is it just a bounce to retest and continue its downward trajectory?
  

What’s your take?

Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.