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THREETREND RESEARCH

16th Jun · SEBI-Registered Analyst

$DEVYANI Devyani International has formed a strong support zone around ₹106–108 (marked by the blue line), with buyers repeatedly defending this level. The latest candle shows a bullish rebound (+5.76%) from support, indicating short-term buying interest after a pullback. Immediate resistance lies near ₹120–122; a sustained close above this zone can trigger momentum towards ₹128–130. The broader trend is still neutral-to-bearish as the stock remains below major swing highs, so confirmation is needed before calling a trend reversal. Trading view: Bullish above ₹108 with stop-loss below ₹105; watch for volume expansion and a breakout above ₹122 for stronger upside potential.

#TechnicalViews#FundamentalViews
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