Films is showing a strong long-term bullish trend with a short-term correction on the daily chart. The stock rallied sharply from around ₹2700 to nearly ₹8000 before correcting toward the ₹6300–₹6400 zone. The recent bounce has brought price back near ₹6640. Recent data confirms a 4.69% recovery on September 25 with a close near ₹6640.
Support & Resistance:
Immediate support is around ₹6300–₹6400, followed by ₹6000–₹6100. Holding ₹6300 can help maintain the broader bullish structure. On the upside, ₹6900–₹7000 is the first resistance zone followed by ₹7200–₹7400. The previous high near ₹8000 remains a major resistance area.
Short-Term Buyers & Holders View:
For short-term buyers ₹6300–₹6400 is an important zone to monitor for price stability. A sustained move above ₹7000 with strong volume would improve the short-term structure. If ₹63000 breaks decisively the stock may retest ₹6000–₹6100. Holders can monitor ₹6300 support and ₹7000 resistance for the next directional move.