Sanofi India Limited (SANOFI)

has been in a sustained primary downtrend since November, characterized by a series of lower highs and lower lows. It is currently trading significantly above its Shortest Moving Average of 10 and 20 EMA on Daily chart After hitting a recent low near ₹4,018, the stock has formed a strong bullish "Marubozu-like" candle, surging +3.54%. This suggests a potential short-term bottom or a "dead cat bounce." Immediate support is established at ₹4,018. Resistance is visible at the previous swing high near ₹4,250, followed by the falling moving average lines. While the recent candle is encouraging, it remains a mean reversion play within a bearish structure. Confirmation of a trend reversal would require a breakout above ₹4,250 with sustained volume.