daily chart currently trading at ₹1690 has recently experienced a significant correction. After trading near the ₹2000 level the stock entered a sharp downtrend dropping quite rapidly over the past few weeks. It is currently attempting a small pullback or recovery from its recent lows. Immediate Support the stock recently found a floor and bounced from the ₹1500 to ₹1550 zone. This is now a critical support level. For the stock to stabilize it needs to hold above this area. Immediate Resistance on the upside the stock faces an immediate hurdle near ₹1700. If it crosses this the next major resistance zone is between ₹1800 and ₹1850. This area acted as support in the past and old support often becomes new resistance. For New Buyers avoid jumping in immediately wait for a confirmed breakout above the ₹1750–₹1800 resistance zone with strong volume to ensure the downtrend has truly reversed. For Existing Holders hold your position but maintain a strict stop-loss below the ₹1500 support level to protect against further drops and consider using any relief rally near ₹1800 to reduce your exposure. 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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