is trading today ₹859.00 Is showing a weak and bearish market structure on the daily timeframe. After reaching highs above ₹1160 late last year the stock has been in a clear downtrend continuously making lower highs and lower lows. The trend short-to-medium-term trend is negative. The stock recently tried to recover but faced heavy rejection near the ₹1000 to ₹1040 zone pushing the price back down. Crucial support the most important support zone is currently between ₹760 and ₹800. Earlier this year the stock saw a sharp high-volume bounce from this exact area. If the price falls and breaks below this ₹760 level it could trigger further heavy selling. Immediate resistance if the stock tries to bounce back it will face immediate resistance near ₹920. The major hurdle however remains the recent swing high of ₹1015 to ₹1040. The chart setup remains weak. To confirm any real trend reversal the stock needs to break and hold above the ₹1040 resistance level with strong buying volume. Until that happens, the chart structure suggests a sell on rise scenario. Right now it is in a wait and watch zone to see if it can successfully hold and defend the major ₹800 support level again. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

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