POLYMED

Signals Potential Reversal After Prolonged Decline

are beginning to show early bullish recovery signs after a prolonged downtrend, with the stock attempting to stabilize near the ₹1,300 support zone. The recent candles indicate buying interest emerging after the sharp decline, while the RSI hovering around the mid-40s suggests momentum is gradually improving from oversold conditions. Although the broader trend has been weak, the current consolidation and bounce attempt hint at a possible short-term reversal if the stock manages to sustain above ₹1,300–₹1,320. In my view, a move above ₹1,350 could trigger stronger upside momentum toward the ₹1,420–₹1,450 levels as buyers gradually regain control.