Daily Chart Analysis of

CROMPTON

Technical View (Chart-Based) The stock has been in a consistent downtrend, forming lower highs and lower lows over the past weeks. Today, it made a new low at ₹311.10, showing selling pressure, but managed to recover slightly, closing at ₹313.95 after touching a high of ₹314.90. The stock is holding the critical support zone of ₹310. If this level continues to sustain, it could act as a base for a short-term recovery. On the upside, the immediate resistance lies at ₹315. Sustaining above this level with good volumes may trigger further upside towards ₹330–₹335. Indicators: RSI at 37 suggests the stock is near the oversold territory, indicating limited downside and possibility of a technical bounce. MACD is still negative, which means the downtrend is not fully over yet, but the downside momentum is slowing. Moving Averages are aligned in a bearish formation, signaling caution in the short term. Technical Summary: The trend is weak but oversold, and the ₹310 level is crucial support. If it holds and stock sustains above ₹315, a bounce towards ₹330–₹335 is possible. However, a breakdown below ₹310 may extend the fall towards ₹300.