for several months the stock was in a heavy downtrend falling from the 1700 levels. However it seems to have finally found a strong bottom support right around the 1000 level. The chart shows a very sharp and aggressive recovery from those recent lows. It has formed a V-shape or a rounding bottom reversal pushing the price up to the current level of 1333.65. This shows a sudden shift from bearish to bullish momentum. Resistance the stock is currently heading towards a previous supply zone around 1350 to 1400. If it can break and close above 1400 with strong volume the next major target would be around the 1500 level. Support if the price faces rejection at the current levels and pulls back the first strong support is near 1200. The major base remains at 1000. For Short-Term Buyers avoid taking fresh entries right at the current price as the stock is directly approaching a heavy resistance zone between 1350 and 1400. It is much safer to wait for a solid breakout above 1400 or wait to buy on a pullback near the 1200 support for a better risk-reward setup. For Existing Holders Continue to hold and ride this strong volume-backed momentum as the trend is currently in your favor. However you should strictly trail your stop-loss just below the 1200 mark to protect your bottom-level gains and consider booking partial profits if it faces rejection at 1400. 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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