past few years (2022–2025) stock has been in a consistent downtrend characterized by Lower Highs and Lower Lows. However the recent price action near the end of the chart shows a significant shift for bullish.
Double bottom formation the stock found strong support around the ₹130–₹140 zone twice. This W shape often signals that the selling pressure is exhausted. Recent surge the sharp vertical move toward ₹186.10 indicates strong buying interest and a breakout from the recent consolidation range.
Recently resistance the next major hurdle is around ₹200–₹210. Historically, this area has acted as a resistance where sellers become active. Recently support if the price pulls back the ₹160–₹170 zone (previous resistance) should now act as a support. Long-term resistance the levels of ₹240 and ₹260 remain the ultimate targets for a full recovery.
For bullish traders a sustained close above ₹190 could open the doors for a move toward ₹220. For cautious investors it is important to wait and see if the stock can hold above the ₹175 level during a minor correction.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.