Linde is trading in Phase 9 of its 18-phase Adhishthana cycle on the weekly charts, and the stock’s structure has diverged from the ideal bullish ‘Cakra’ formation. After multiple unsuccessful breakout attempts during Phases 4–8, the anticipated clean upswing in Phase 9 instead resulted in a breakdown on October 6. Since that breakdown, Linde has declined by more than 15%, triggering the bearish “Move of Pralaya” sequence—historically a signal of intensified selling pressure and an extended consolidation period. This technical failure suggests hidden vulnerabilities that could drive further weakness before the deeper phases of the cycle unfold, making downside protection a priority for current holders.

Short interest in Linde shares jumped by 24.9% during December, rising from 6.76 million to 8.44 million shares as of mid-month. With an average daily volume of approximately 3.44 million shares, the current days-to-cover ratio stands at 2.5 days, while 1.8% of the company’s float is now sold short. This surge in bearish positioning reflects growing skepticism among hedge funds and other investors, and increases the risk of amplified downside momentum if negative catalysts emerge or if technical pressure intensifies.