Trend:
After a prolonged correction, the stock witnessed a sharp reversal from the ₹1,133 zone and reclaimed multiple resistance levels. Currently consolidating near ₹1,346 after a steep move — indicating a possible pause before continuation.
Key Levels -
Immediate Resistance: ₹1,382
Support Zone: ₹1,322.75
Major Support: ₹1,226.90
Base Support: ₹1,133.70
Fundamentals (Key Points):
🧊 Leading home appliance manufacturer with strong brand equity.
📈 Demand recovery expected in festive season and rural segments.
💰 Healthy balance sheet with decent cash reserves.
🌍 Expanding premium product line aiding long-term growth.
⚠️ Short-term valuations slightly elevated after recent rally.
Final Verdict:
Bullish Bias — If it sustains above ₹1,320, the next upside target lies near ₹1,380–₹1,420. Ideal for swing traders with SL below ₹1,226.