🔹 Price Action The stock is moving inside a falling channel, with repeated lower highs and lower lows. Despite a sharp bounce this week (+9.65%, closing at ₹1,080.50), the overall structure remains weak unless price manages to sustain above the channel breakout zone. 🔹 Technical View Falling Channel: Price continues to respect the downward-sloping channel, indicating persistent supply pressure. Volume Spike: The recent green candle shows heavy volume participation, hinting at a possible relief rally. RSI Breakdown: RSI is trading below its own falling trendline, showing lack of momentum confirmation despite the price bounce. Support Zone: ₹954 – ₹960 acted as strong support and triggered the bounce. 🔹 Levels to Watch Immediate Resistance: ₹1,143 (mid-channel + horizontal resistance) Major Resistance: ₹1,374 (upper channel + previous swing) Support Zone: ₹954 – ₹960 Next Support: ₹850 📊 Summary While the bounce from support looks impressive, the stock is still trapped inside a falling channel, and RSI also remains weak. Sustained trade above ₹1,143 is needed to confirm strength and open the path toward ₹1,374. Otherwise, the channel pressure may continue. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.

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