is currently in a distribution phase or a corrective downtrend. It is making lower highs and lower lows. The stock is struggling to stay above its moving averages. The red line 20EMA is acting as a dynamic resistance, capping any upward bounces. Support: Immediate support is at ₹474. If this breaks, further downside is likely. Resistance: Heavy resistance is seen at ₹540 - ₹550. The stock needs to consolidate or cross ₹520 with volume to prove strength. Currently, it is an underperformer compared to the others.

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