spent a significant amount of time from late 2023 through late 2025 in a broad consolidation accumulation phase trading mostly between the ₹700 and ₹950 levels. In late 2025 the stock triggered a strong bullish breakout from its base. It entered a powerful uptrend making higher highs and higher lows peaking near ₹1270 before entering the current healthy retracement.
Immediate Resistance ₹1200 – ₹1270. The stock recently faced rejection near the 1270 zone. A clean breakout above this level will clear the path toward older swing highs near 1400. Immediate Support ₹1100 – ₹1120. This area acts as a crucial demand zone where buyers recently stepped in to arrest the decline. Major Base Support ₹1000. This is a psychological and historical structural support level.
For short-term buyers the current support zone of ₹1100–₹1120 offers a highly favorable low-risk entry point, with immediate upside targets set at ₹1200 and ₹1260 once the bounce triggers. Meanwhile, existing holders should firmly ride the trend as this minor pullback on low volume is just a healthy cooling-off period after a massive breakout. As long as the stock consistently sustains above the major structural support of ₹1000 the overall outlook remains strongly bullish with high potential for fresh new highs.
The overall structure is highly bullish. The stock has successfully broken out of a multi-month base and is currently retesting its immediate support levels. As long as the price sustains above the ₹1100 zone on a closing basis the uptrend remains intact. A successful bounce from current levels followed by a move above ₹1200 will likely trigger the next leg of the rally toward ₹1300+.