has recently shown strong signs of a trend reversal. On 19th and 20th June 2025, the stock formed a candlestick reversal pattern, suggesting a possible bottoming out. This pattern was confirmed on 23rd June 2025, with a bullish follow-through, strengthening the case for a shift in market sentiment.
Today, on 26th June 2025, the stock delivered a significant technical development by crossing above its 200-day moving average (200-DMA) and giving a strong closing above it. This is widely regarded as a bullish signal, marking a potential change in the long-term trend.
Adding to the bullish outlook, a positive crossover between the 5-day and 20-day moving averages has been observed. This crossover in an upward direction typically indicates building momentum and often precedes sustained price appreciation.
Technical Insights:
Candlestick Reversal: The pattern formed on 19–20 June was followed by confirmation on 23rd June, suggesting buyers are regaining control.
200-DMA Breakout: Closing above the long-term average signals a shift toward bullish territory.
Moving Average Crossover: The 5-DMA crossing above the 20-DMA further supports the upward trend and could attract momentum traders.
Short to Mid-Term Target: ₹2660