🔹 Price Action Stock rallied +11.35% (₹176.63) today with very high volume (18.24M). Breakout from recent downtrend and retesting Fib retracement zones. Momentum is strong, but RSI indicates short-term caution. 🔹 Technical View Support Levels: ₹166 → ₹156 → ₹145 Resistance Levels: ₹175 (Fib 0.786) → ₹187 (recent swing high) Pattern: Breakout above descending resistance. Nearing major resistance zones (₹175–₹187). Likely profit booking if unable to cross decisively. 🔹 Indicators RSI (75.41 ↑, Overbought) – indicates near-term exhaustion. Volume – strong expansion, confirming recovery demand. Fibonacci Levels – Crossed 0.618 (₹164) and 0.786 (₹175) now in play. Major barrier at ₹187 (1.0 retracement). 🔹 Strength & Weakness ✅ Strong volume-driven breakout from falling trendline. ✅ Fib recovery shows bullish structure intact. ❌ RSI overbought → correction/consolidation likely. ❌ Heavy resistance between ₹175–₹187 zone. 🔹 Outlook Short Term: Likely consolidation between ₹166–₹187. Medium Term: Break above ₹187 opens room for fresh rally. Risk: A fall below ₹166 could drag it back to ₹156–₹145 support. 📢 Disclaimer: For educational purposes only, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).

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