Black Box – Technical Analysis, Support and Resistance

The stock

is showing a recovery attempt after a sharp correction from its June high near ₹1100. The stock has recovered from the ₹710–720 zone and is now consolidating around ₹800–820. The broader chart structure remains under pressure, as the stock has not yet reclaimed its previous swing highs. Support & Resistance: Immediate support is around ₹790–800 followed by ₹750–760. A break below ₹750 may weaken the recovery and bring ₹710–720 into focus. On the upside ₹825–840 is the immediate resistance zone. A sustained move above ₹840 may open the way toward ₹870–900 with stronger resistance near ₹950. Short-Term Buyers & Holders View: For short-term buyers a sustained breakout above ₹840 with strong volume would indicate improving momentum. If the stock fails near resistance and breaks below ₹790, renewed weakness may emerge. Holders can monitor whether the price maintains the ₹790–800 support zone and forms higher swing lows.