Devyani International Ltd.: Bullish Momentum Building Above Support

– Technical Levels Analysis Price is consolidating around ₹175.15 with visible short-term strength. The recent bounce from the ₹134 low and outperformance above key moving averages signals bullish undertones. Immediate support lies at ₹170.77 (20 MA) and secondary support near ₹168.30; holding above these levels retains upward momentum. A decisive close above ₹176.80 may trigger a move toward the next resistance zone at ₹190.50. However, if price falls below ₹170.77, expect short-term weakness, with downside extension likely towards ₹168.30. Trend remains bullish as long as price sustains above moving averages, making ₹170.77-168.30 a key cushion zone for trend traders. The research and views shared are for educational purposes only and do not constitute investment advice. Investments in securities markets are subject to market risks. Please read all relevant documents carefully before investing