Azad Engineering –Technical Analysis, Support and Resistance

The stock

is showing a strong bullish structure with short-term consolidation on the daily chart. The stock has moved from around ₹1450 to above ₹2800 forming higher highs and higher lows. After touching an all-time high near ₹2987 price has entered a consolidation zone around ₹2650–₹2850. Recent market data shows a close of ₹2678.30 on September 24 followed by recovery toward ₹2728 on September 25. Support & Resistance: Immediate support is around ₹2650–₹2680 followed by ₹2550–₹2600. On the upside ₹2,800–₹2850 is the immediate resistance zone. A sustained breakout above ₹2850 can bring the previous high near ₹2985–₹3000 into focus. Short-Term Buyers & Holders View: For short-term buyers, ₹2650–₹2680 is an important zone to monitor for price stability. A decisive breakout above ₹2850 with strong volume would strengthen the existing bullish structure. If ₹2650 breaks decisively, the stock may retest ₹2550–₹2600. Holders can monitor ₹2650 support and ₹2850 resistance for the next directional move.