is currently showing a weak bearish trend in the short to medium term. After reaching its peak near ₹2000 the price has been making Lower Highs and Lower Lows which is a classic sign of a downtrend. Immediate support the stock is currently sitting near a crucial support zone between ₹1150 – ₹1200. This is a floor where buyers have stepped in previously. Resistance the first major hurdle is at ₹1350 followed by a much stronger one at ₹1500. The stock needs to cross these levels to prove it is recovering. Double top pattern if you look at the two big peaks near the ₹1800 – ₹1900 range it looks like a Double Top. This is a bearish signal that usually leads to a price drop which is exactly what we are seeing now. The stock is currently looking for a bottom. It is no longer falling as sharply as it did in early 2026 but it hasn't started moving up yet either. It is sideways for now. If you are a buyer it is risky to enter right now because the trend is still down. It is better to wait for the price to stabilize and show a Green Candle above the previous high around ₹1300. If you are a holder keep a close eye on the ₹1150 level. If the stock breaks below that it could see further downside. 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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