Azad Engineering –Technical Analysis, Support and Resistance

The stock AZAD is in a short-term corrective phase after facing strong selling pressure from the ₹3,000–3,100 zone. The stock is currently trading at ₹2584.70 showing a marginal gain of 0.13% in the latest session. It has recovered from the ₹2400–2450 area and is consolidating near ₹2550–2600 but a clear trend reversal is not yet confirmed. Support & Resistance: Immediate support is around ₹2550–2520. Below this the next support zone is ₹2450–2400. On the upside ₹2600–2665 is the immediate resistance area followed by ₹2700–2750. Short-Term Buyers & Holders View Fresh buying may be considered only after a sustained close above ₹2665 with strong volume. Existing holders should monitor the ₹2520 support zone. A breakdown below this level may increase selling pressure.