Trend: After a strong rally and gap-fill move, the stock is in short-term corrective phase, approaching crucial neckline support. A bounce from here could offer a fresh trading opportunity if it holds.
Key Levels -
Supply Level: ₹1,134.25
Gap Fill Level: ₹972.85
Breakout Level: ₹908.95
Neckline Support Level: ₹826.00
Major Support Level: ₹750.60
Fundamentals (Key Points):
🏠 One of India’s leading housing finance companies backed by PNB.
📈 Improving loan book quality and steady disbursement growth.
💹 Strong profitability with declining NPAs over recent quarters.
💰 Healthy capital adequacy and improving operating leverage.
⚠️ Near-term consolidation likely; watch support at ₹826 for trend resumption.
Final Verdict:
Cautiously Bullish — Holding above ₹826 can trigger rebound toward ₹900–₹950; below this, weakness may extend to ₹750.