RR Kabel – Technical Analysis, Support and Resistance

The stock

is showing a strong long-term uptrend, but the stock has recently seen a sharp correction from the ₹2900–3000 zone. After finding support near ₹2370–2400 price has recovered and is now trading around ₹2510 indicating a short-term recovery within the broader uptrend. The recent price action shows higher lows after the correction, but the stock is still below its previous high. Volume also increased during the major breakout and correction phases making volume confirmation important for the next move. Support & Resistance: Immediate support is around ₹2370–2400 followed by ₹2450–2500. Holding ₹2450–2500 can help maintain the current recovery structure. On the upside, ₹2600–2650 is the immediate resistance zone. Above this, ₹2800 and the previous high near ₹2980 become important resistance areas. Short-Term Buyers & Holders View: For short-term buyers, ₹2450–2500 is an important zone to monitor for price stability. A decisive breakout above ₹2600–2650 with strong volume can indicate further strength. If the stock fails to sustain ₹2450 and breaks below ₹2370 the recent recovery structure can weaken and lower levels may come into focus.