SBCL RETRACEMENT LEVELS

Price has retraced above the 50% Fibonacci level (₹535.90) of the prior fall from ₹729.80 to ₹342, indicating strength. Currently trading above 20 EMA (₹523), 50 EMA (₹499), and 200 EMA (₹513), showing bullish alignment. Facing mild resistance at the 61.8% Fib level (₹581.65). Sustained move above this may lead to retest of ₹646.80. ADX at 22.48 with +DI > -DI signals bullish trend with moderate strength. Volume remains stable, indicating gradual participation. Holding ₹520 support zone is crucial for continuation. Short-term outlook: bullish bias above EMAs.