Lodha V-recovery tests ₹1,200 breakout zone

Macrotech Developers has made a strong V-shaped recovery from the recent ₹970–₹1,000 support zone and is now trading near ₹1,195. The stock has reclaimed both the 50-day moving average near ₹1,070 and the 20-day moving average near ₹1,166, showing a major improvement in short-term price structure. The recovery is now testing the ₹1,200 area, which is an important supply zone and the first real breakout level. A sustained close above ₹1,200 would confirm that buyers have absorbed the recent selling pressure and can open room toward ₹1,250–₹1,280. The prior swing-high zone near ₹1,300 remains the larger resistance. LODHA The Z-score is near 1.95, very close to the +2 upper band. This confirms strong momentum but also signals that the stock is approaching a stretched zone. A brief consolidation near ₹1,200 would be normal after such a fast recovery. ₹1,166 is the immediate support, followed by ₹1,120. Holding above ₹1,166 keeps the recovery structure intact. The chart is constructive, but ₹1,200 is the key trigger: a breakout can extend the rally, while rejection may lead to a pause toward the 20-day average.