Technical Analysis Anand Rathi Wealth Ltd.

The stock

is in a clear long-term uptrend. After a period of choppy movement in early 2025 it gave a massive breakout around June/July and has maintained fantastic momentum. It is consistently forming higher highs and higher lows which is a textbook sign of underlying strength. Currently trading at ₹3208.20 the stock seems to be taking a bit of a breather after a steep rally. It recently faced some resistance near the top and experienced a minor pullback. This kind of consolidation is actually quite healthy it allows the stock to digest its massive gains before preparing for the next potential leg up. Support immediate support looks to be forming around the ₹2800 - ₹2900 zone where the price recently bounced back. If the price breaks below this, the trend might weaken slightly in the short term. Resistance the immediate hurdle is the recent swing high the peak before the current dip likely around the ₹3400+ mark based on the chart. A strong daily close above this level on solid volume would signal the continuation of the bull run. The broader chart structure remains highly positive. For a swing setup waiting for a breakout above the recent resistance could be a good confirmation. Alternatively any dips towards that ₹2800 - ₹2900 support zone might offer a favorable risk-reward entry point for a technical trade. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.