remains in a strong uptrend after a sharp rally from the ₹220 zone to around ₹350. The stock is currently consolidating near its recent highs which is generally a positive sign as it indicates profit booking without any major breakdown. As long as the price holds above key support levels the overall trend remains bullish.
Support ₹335-340 is the immediate support zone. A stronger support is placed around ₹320-325. Holding above these levels can keep the bullish momentum intact. Resistance ₹355-360 is the immediate resistance. A decisive breakout above ₹360 with strong volume could trigger fresh buying and push the stock towards ₹375-390 in the short term.
The short-term outlook remains positive. Existing holders can continue to hold the stock with a stop-loss below ₹335. Fresh buying may be considered on a breakout above ₹360 or on dips near the ₹335-340 support zone with proper risk management. The recent rally was supported by strong buying momentum followed by a healthy sideways consolidation. This suggests that buyers are still active despite some profit booking.