Ather Energy – Technical Analysis, Support and Resistance

The stock

is showing a short-term corrective structure after a strong rally. The stock moved from around ₹1200 to a high near ₹1740 but has since formed lower highs and lower lows. The latest close is around ₹1406 with the recent session low at ₹1373.60. Support & Resistance: Immediate support is around ₹1370–1390. If this zone holds, the stock can attempt a short-term recovery. Below ₹1370 the next support zone is around ₹1300–1330. On the upside ₹1450–1500 is the first important resistance, followed by ₹1550–1600. The ₹1650–1700 zone remains a major resistance area. Short-Term Buyers & Holders View: For short-term buyers ₹1370–1390 is an important zone to monitor for stabilization. A sustained move above ₹1500 with strong volume would improve the short-term structure and indicate recovery momentum. Until then the recent lower-high pattern remains active. A breakdown below ₹1370 can increase downside pressure toward ₹1300–1330.