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Unite Technologies Financial

15th May · SEBI-Registered Analyst

Technical Analysis Ather Energy Limited

The stock

ATHERENERG
is in a very strong uptrend. Looking at the daily chart it is consistently making higher highs and higher lows over the past several months. This means the buyers are in full control. The stock is currently trading at 937.40. It recently touched a high near 965.80. Right now it is taking a small pause and consolidating just below this recent peak. This kind of resting period is very normal and actually healthy after a big upward rally. Resistance the immediate hurdle is that recent high zone near 965 - 970. If the price breaks above this level with good volume, the uptrend will likely continue to new highs. Support Immediate support looks to be around the 900 - 920 zone. If the stock falls a bit for a correction buyers might step in around this area to push it back up. For existing holders the short-term view remains highly positive so you can comfortably hold your positions while keeping a trailing stop-loss around the 900 level to protect your profits. For new short-term buyers it is safer to wait for either a strong breakout above the 965 resistance or a healthy dip towards the 900-920 support zone before taking a fresh entry. 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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