Ather Energy – Technical Analysis, Support and Resistance

The stock

remains in a long-term bullish structure supported by its strong rally from the ₹600–700 zone. However after reaching a high near ₹1730 the stock entered a short-term correction and is now attempting to recover around ₹1470. The chart shows volatility and recent lower highs so confirmation of a fresh upward move is still needed. The price is near its 50-day EMA but below its 20-day EMA, indicating mixed short-term momentum. Support & Resistance: Immediate support is around ₹1400–1430. Below this, ₹1350–1380 is the next important support zone. On the upside, ₹1480–1510 is the first resistance area, followed by ₹1550–1600. A sustained breakout above ₹1510 could improve the short-term structure. Short-Term Buyers & Holders View: Short-term participants can monitor whether the stock holds ₹1400–1430 and forms a higher low. A breakout above ₹1510 with strong volume would indicate improving momentum. A decisive fall below ₹1400 could extend the correction toward ₹1350–1380.