Trendline Support: The stock has been respecting a long-term ascending trendline, bouncing off it multiple times. Currently, it is testing this support again, indicating a critical juncture. Price Structure: Price is consolidating around ₹29,645 after a short-term pullback from the May highs (~₹32,500). The stock is attempting to hold the trendline, which suggests buyers are still active. Volume Action: Volume remains relatively subdued, indicating a lack of strong conviction from either bulls or bears. A breakout or breakdown with volume spike would confirm the next direction. Support Zone: Immediate support lies near ₹29,000–₹29,200 (trendline + recent lows). A close below this level could trigger a sharper downside move. Resistance: Resistance is visible around ₹30,500 and ₹31,500. Sustained move above these could lead to a retest of ₹32,500+. Outlook: Bullish Bias: As long as the price holds above the trendline (~₹29,200), structure remains bullish. Possible bounce towards ₹30,500–₹31,000. Bearish Breakdown: A daily close below ₹29,200 may invalidate the trendline and open downside toward ₹28,000 or lower.

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