is experienced a massive bullish rally from early 2023 peaking above 6400 in late 2024. However the momentum has shifted since then. For the past year the stock has been in a consolidation phase meaning it is moving sideways rather than in a clear upward or downward direction.
At the current price of 5618.50 the stock is pulling back after facing rejection at higher levels. It is currently trading in the middle-to-lower section of its broader sideways range showing a short-term bearish tilt within the larger consolidation box.
Strong support there is a clear demand zone between 5400 and 5500. The chart shows the price successfully bouncing off this area multiple times throughout 2025. As long as it holds this level, the broader structure remains intact. Strong resistance on the upside the stock faces heavy supply in the 6000 to 6200 zone. It has struggled to cross this area recently.
Short-term buyers wait for a clear bullish reversal near the 5400-5500 strong support zone before taking fresh entries. Existing holders you can hold your current positions but should keep a strict stop-loss just below the 5400 level to manage risk.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.