diff --git a/notebooks/market_analysis.ipynb b/notebooks/market_analysis.ipynb
index 7a9edd6..539ca4c 100644
--- a/notebooks/market_analysis.ipynb
+++ b/notebooks/market_analysis.ipynb
@@ -10722,8 +10722,15 @@
    "metadata": {},
    "source": [
     "### Observations\n",
+    "Based on the charts and statistics, HDFCBANK.NS has shown a generally downward trend during the last one year. The stock price was trading near ₹1,000 in the middle of 2025 but gradually declined and is currently trading around ₹747. Both the 20-day and 50-day Exponential Moving Averages (EMA20 and EMA50) are above the current price, which indicates that the stock has been under selling pressure in recent months.\n",
     "\n",
-    "_TODO (AR): Write 3–5 paragraphs on what the technical and fundamental data reveals about HDFCBANK.NS. Consider: trend direction, momentum signals (RSI / MACD), valuation (P/E, PEG), and financial health (D/E, cash position)._"
+    "The MACD chart also reflects weak momentum. Although the MACD and Signal lines have moved closer together recently, they remain below the zero line, suggesting that bearish sentiment is still present. However, the gap between the lines has narrowed compared to earlier months, which may indicate that the downward momentum is slowing.\n",
+    "\n",
+    "The Relative Strength Index (RSI) is currently around the middle range and is neither in the overbought zone (above 70) nor the oversold zone (below 30). This suggests that the stock is not experiencing extreme buying or selling activity at the moment. The RSI recovered from oversold levels earlier in the year, indicating some improvement in market sentiment.\n",
+    "\n",
+    "From a volume perspective, trading activity increased significantly during March–April 2026, as seen from the sharp spikes in volume. Higher volume often indicates increased investor interest. Recently, volume has moved closer to its 20-day average, suggesting more stable trading activity.\n",
+    "\n",
+    "Looking at the fundamental indicators, the company appears reasonably valued with a P/E ratio of about 16.67 and a PEG ratio of 0.89. The company also maintains a strong cash position of over ₹3.1 trillion, although total debt is also substantial. Overall, HDFC Bank appears financially stable, but the technical indicators suggest that the stock is still recovering from a prolonged decline. As a college student reviewing this data, I would conclude that HDFC Bank remains a fundamentally strong company, but investors may wait for clearer signs of an upward trend before expecting significant price appreciation.\n"
    ]
   },
   {