Black Box – Technical Analysis, Short Analysis

The stock

is showing a recovery setup after a sharp correction on the daily chart. The stock previously rallied strongly toward ₹1100 followed by a major decline to the ₹720–750 zone. Recently, price has started forming higher lows and has moved back toward ₹830 indicating improving short-term momentum. Recent market data also confirms a strong recovery from the September lows, with increased trading volume on several up-moves. Support & Resistance: Immediate support is around ₹780–800 followed by ₹740–750. Holding ₹780–800 would help maintain the current recovery structure. On the upside, ₹830–850 is the immediate resistance zone. A sustained breakout above ₹850 can bring ₹900–920 into focus, while ₹950 remains a higher resistance area. Short-Term Buyers & Holders View: For short-term buyers ₹780–800 is an important zone to monitor for price stability. A decisive move above ₹830–850 with strong volume can indicate continuation of the recovery. If price fails to sustain above ₹800 and breaks below ₹780 the stock can retest ₹740–750. Holders can monitor ₹780 support and ₹850 resistance for confirmation of the next move.