Meesho – Technical Analysis, Support and Resistance

The stock

is showing a strong bullish trend on the 4-hour chart with higher highs and higher lows since the June recovery. The stock has moved from around ₹165–170 to ₹240 and is now consolidating near recent highs. The latest candle shows limited movement, suggesting some pause after the sharp rally. Price is also trading above its key moving averages, supporting the broader bullish structure. Support & Resistance: Immediate support is around ₹230–235 followed by ₹220–225. On the upside, ₹242–245 is the first resistance zone. A sustained breakout above this range could open the way toward ₹250–255. Short-Term Buyers & Holders View: Short-term participants can watch for a sustained breakout above ₹245 with strong volume for further bullish confirmation. If the stock fails to cross resistance, consolidation or a pullback toward ₹230–235 is possible. A break below ₹230 may increase weakness toward ₹220–225. Holders can monitor whether the stock continues to maintain higher lows.