Price Action: The stock has been range-bound between ₹275 and ₹350 for several months, indicating consolidation within a broad rectangle pattern. Supply Zone: Price is currently near a well-defined supply zone of ₹350–₹370, which has repeatedly capped previous advances. Support Levels: Ascending trendline and horizontal support near ₹275–₹285 continue to hold the structure. Moving Averages: The stock is trading just above the 30-week SMA, indicating a neutral to slightly bullish bias. Volume: Recent volume spikes during upmoves suggest participation, but sustained momentum is yet to be confirmed. RSI: RSI is near the 53–55 zone but hasn’t convincingly breached this resistance band, signaling that bullish strength is not yet fully established. Outlook: The stock remains in a coil; breakout above ₹370 with RSI confirmation may improve the broader structure. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)

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