Technical Analysis Arman Financial Services

The stock

is in a strong bullish trend on the daily chart. After consolidating for several months price broke above the ₹1700–1750 zone with strong momentum and volume. It is now trading around ₹2013 close to its recent high while maintaining a higher-high and higher-low structure. However the stock has moved sharply and may see short-term profit booking. Support & Resistance: Immediate support is around ₹1950–1900 followed by stronger support near ₹1800–1750. On the upside, ₹2050–2100 is the immediate resistance zone. A sustained close above ₹2100 with strong volume can trigger further upside towards ₹2200+. Short-Term Outlook: The setup remains bullish but fresh buying should preferably be considered either on a breakout above ₹2100 or on a healthy pullback towards ₹1900–1950. Existing holders can continue to hold with a trailing stop-loss below ₹1900. A decisive close below ₹1800 would weaken the current bullish structure.