Oberoi Realty: Technical Trend and Price Action Analysis

The stock

is trading around ₹1870 on the daily chart. The stock recently moved sharply higher from the ₹1400–1450 zone and reached close to ₹1950–2000 before facing selling pressure. The broader recent trend is positive but the stock is currently showing consolidation after the sharp upward move. Price is holding above the recent swing area around ₹1750–1800 which remains important for the current structure. The immediate resistance zone is around ₹1950–2000. A sustained move above this zone would indicate strength in the price structure. Immediate support is around ₹1800–1750. The marked ₹1593 level is a major support visible on the chart. The stock is currently consolidating below the ₹1950–2000 resistance zone. The ₹1800–1750 area is important to monitor for support. A break below this zone would weaken the recent recovery structure.