FirstCry – Early Reversal Attempt After Prolonged Downtrend (Daily)

is showing signs of a potential bottoming formation after a sustained downtrend. The stock has corrected significantly from higher levels and is now stabilising near the ₹220–240 zone, with a recent sharp bounce backed by volume. Technical Structure The stock appears to be transitioning from downtrend → base formation → early reversal. Key observations: • Sharp bounce with volume spike, indicating accumulation interest • Price attempting to reclaim short-term EMA, signalling momentum shift • Formation of a base near ₹210–220 zone • Current move suggests a possible breakout from short-term consolidation • Stochastic RSI recovering, indicating improving momentum Key Levels to Watch Immediate resistance: ₹260–270 • Breakout above ₹270 → Target 1: ₹300–320 Target 2: ₹350–380 Support levels: • Immediate: ₹230–235 • Major: ₹210–220 A breakdown below ₹210 could invalidate the reversal setup. Fundamental Perspective FirstCry operates in the baby care, kids retail & e-commerce segment, with a strong omnichannel presence. Key triggers: • Growth in organized baby care & parenting segment • Expansion of offline + online retail network • Improving unit economics and path to profitability • Beneficiary of rising consumption & premiumization trends ➡️ With base formation and volume-backed bounce, FirstCry is showing early signs of reversal, but confirmation will come only above ₹270 breakout.