Rentomojo – Technical Analysis, Support and Resistance

The stock RENTOMOJO is showing a positive short-term structure after recovering from the ₹490–500 zone. The stock has formed higher lows and is moving towards its previous swing high. It is currently trading at ₹610.80, up 3.27% in the latest session. The strong green candle indicates buying interest, but the long upper wick near ₹650 shows selling pressure at higher levels. Support & Resistance: Immediate support is around ₹600–590. Below this, the next support zone is ₹575–560. On the upside ₹620–630 is the immediate resistance area, followed by ₹645–650. Short-Term Buyers & Holders View: Fresh buying may be considered after a sustained close above ₹630 with strong volume. Existing holders should monitor the ₹590 support zone. A breakdown below this level may lead to further correction.