Technical Observation:
CMP: ₹2,202
Stock has taken support near the ₹2,135–₹2,150 zone and witnessed a strong recovery candle.
Price is trading above the immediate support band of ₹2,185–₹2,200.
RSI is around the 50 zone, indicating improving momentum.
Volume participation has improved near support levels.
A sustained move above ₹2,210–₹2,230 may trigger further upside momentum.
Trade Setup (Positional/Swing):
Buy Zone: ₹2,180 – ₹2,210
Target 1: ₹2,280
Target 2: ₹2,350
Target 3: ₹2,450
Stop Loss: ₹2,135 (Daily Closing Basis)
View:
As long as the stock sustains above ₹2,135, the overall bias remains positive with potential for a move towards ₹2,350–₹2,450 in the coming sessions.
Disclaimer: This is a technical observation for educational purposes only and should not be construed as investment advice. Please consult your financial advisor before taking any investment decision.