MapmyIndia remains below cloud as ₹800 support matters

C.E. Info Systems / MaymyIndia closed near ₹827 on the daily chart and remains in a weak technical structure. Price is below the Ichimoku conversion line near ₹873, the base line around ₹889, and the cloud zone above. This alignment signals that sellers remain in control and that the stock has not yet established a sustainable recovery.

After the sharp fall earlier in the year, the stock attempted to stabilise in the ₹800–₹1,100 range. However, repeated rejections near the upper end of this range show that supply is still present. The latest move back toward ₹827 places focus on the ₹800 support area. A close below ₹800 could weaken the structure further and expose the earlier low zone near ₹760–₹780. On the upside, ₹873 is the first level buyers need to reclaim. A stronger recovery would require a move above ₹889 and then a decisive close above the cloud near ₹920. The chart is currently a base-building watch rather than a confirmed reversal. The important signal is whether price can defend ₹800 and start forming higher lows. Until it moves above the Ichimoku cloud, any bounce should be treated as a recovery attempt within a broader downtrend.