✅ Price is respecting the downward trendline, facing resistance near ₹1,680–₹1,700 zone.
✅ Strong support zone seen at ₹1,500–₹1,540 where buyers are active.
✅ Clean order block base formed, showing institutional interest at lower levels.
✅ If price breaks and sustains above ₹1,700 trendline resistance, a sharp move toward ₹2,000–₹2,280 is possible.
🚫 If it breaks below ₹1,500, downside risk may open
📊 Chart attached for learning purpose. Not a buy/sell recommendation. Please consult your financial advisor before investing.
The company reported a 45% YoY drop in net profit to ₹433.2 Cr, primarily due to a significant increase in land acquisition costs. Revenue declined by 12.5% YoY to ₹1,150 Cr, while the EBITDA margin fell to 53.7%. The cost of land purchases surged 207% YoY to ₹587 Cr. Despite the lower profit, the company declared a ₹2 per share interim dividend. The stock saw a 2.8% rise on the day, but it remains down 27% year-to-date.
Disclaimer: *****