🔹 Price Action The stock has been consolidating in a sideways range (₹100 – ₹120) after a sharp correction from highs. Current price at ₹106 sits close to the lower band of the consolidation zone, with ₹100 acting as crucial support. 🔹 Technical View Support: ₹100 (major support zone, aligned with channel trendline). Resistance: ₹120 (immediate hurdle, breakout needed for upside momentum). RSI: After a prolonged downtrend, RSI has shown signs of trendline breakout but is still hovering near neutral levels (~43). A sustained push above 50 will confirm bullish strength. Volume: Weak during consolidation, suggesting no aggressive accumulation yet. 🔹 Levels to Watch Support: ₹100 Resistance: ₹120 Major Trendline: Long-term upward blue trendline still intact. 📊 Summary Bhansali Eng. Polymers is consolidating within ₹100 – ₹120. Holding above ₹100 is crucial for maintaining structure. A decisive breakout above ₹120 with volume could trigger the next leg higher. Till then, the stock remains range-bound. 📢 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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