SEDEMAC Mechatronics – Technical Analysis

The stock

has maintained a strong overall uptrend on the daily chart, moving from around ₹1400 to above ₹3200. After making a high near ₹3300 the stock entered a correction and is currently trading around ₹2916. The broader structure remains positive, but short-term momentum has weakened. Support: The immediate support zone is around ₹2800–₹2850 where the stock has recently taken support. Below this ₹2650–₹2700 is another important zone based on the previous consolidation area. A break below these levels can increase selling pressure. Resistance: The immediate resistance is around ₹3000 followed by ₹3100–₹3200. The previous high near ₹3300 remains a major resistance area. A strong breakout above these zones with sustained price action can indicate a fresh upward move. Price Action: After the sharp rise price formed lower highs and moved down toward the ₹2800–₹2850 zone. Recently the stock has shown some stabilization around this area with the latest candles indicating an attempt to recover. A sustained move above the recent swing highs would be important for a stronger bullish setup.