has sustained its rebound, now trading around ₹2,985 after bouncing from its recent lows near ₹2,650. The stock is comfortably above its 20/50-day EMAs (₹2,903/₹2,832), indicating continued trend strength. RSI has climbed to ~66, showing strong momentum but nearing overbought territory. Immediate resistance is placed at ₹3,000, while support remains at ₹2,900–₹2,850. A decisive breakout above ₹3,000 could trigger the next leg towards ₹3,200.
Fundamental View:
The strong order book and ongoing defense indigenization push continue to provide long-term visibility. Earnings momentum remains intact, and with a healthy balance sheet, the company is well positioned for steady growth.
✅ Short-Term Bias: Positive; watch for breakout above ₹3,000 with support at ₹2,850.
✅ Long-Term Bias: Bullish; potential upside to ₹3,400+ in coming quarters if execution remains strong.
⚠️ Risks: Watch for near-term profit booking as RSI edges higher and possible volatility around resistance zones.