What’s happening on price After a sharp rally, the stock faced aggressive selling near ₹510, confirming it as a strong supply zone. Price has since cooled off and is moving sideways within an upward-sloping channel, indicating digestion of prior gains rather than trend breakdown. The 30-week SMA is holding, acting as a medium-term balance line. Volume & momentum check The recent selling spike suggests distribution at higher levels, not panic. RSI is oscillating in a tight band around the mid-zone, reflecting consolidation and lack of momentum expansion for now. Key takeaway Trend remains structurally intact but paused. A decisive move above the upper channel / ₹510 zone is needed for continuation, while failure could keep the stock range-bound. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)

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