Patanjali Foods – Technical Analysis, Support and Resistance

The stock

remains in a long-term bearish trend with lower highs and lower lows since its 2025 peak. However, the stock has shown a strong recovery today closing at ₹369.60, up 6.22%. The candle indicates buying interest near recent lows but the long-term trend has not yet reversed. The broader technical trend was also bearish in recent data. Support & Resistance: Immediate support lies around ₹355–360 followed by ₹336–340. On the upside ₹378–380 is the first resistance zone followed by ₹390–400. A sustained move above ₹380 may support further recovery while a fall below ₹336 could renew selling pressure. Short-Term Buyers & Holders View: Short-term buyers can wait for a sustained breakout above ₹380 with strong volume before considering the recovery stronger. The sharp rise is positive but the upper wick suggests selling pressure near resistance. Holders should monitor whether the stock maintains support and starts forming higher highs and higher lows.