Orient Bell – Technical Analysis, Support and Resistance

The stock

is showing a strong bullish structure on the daily chart. The stock has moved sharply from the ₹320–340 zone and made a recent high near ₹435. After that it entered a short-term correction and is currently trading around ₹393. The recent decline from ₹435 shows some profit booking but the broader higher-high/higher-low structure remains visible. Recent price data also shows the stock closing at ₹393.25 on September 18 after recovering from the ₹383 area. Support & Resistance: Immediate support is around ₹380–385 followed by ₹360–370. A deeper correction can bring ₹340–350 into focus. On the upside, ₹400–405 is the immediate resistance zone followed by ₹420–435 where the recent high is placed. Short-Term Buyers & Holders View: For short-term buyers, the ₹380–385 zone is important for maintaining the recent structure. A sustained move above ₹400–405 with strong volume can indicate renewed momentum toward the ₹420–435 zone. If price breaks and closes below ₹380 short-term weakness can increase toward ₹360–370. Holders can monitor ₹380 support and ₹405 resistance for confirmation of the next move.