experienced a massive rally earlier peaking near the 725-750 zone. However after hitting that top the stock entered a strong and prolonged downtrend. For several months it consistently made lower highs and lower lows indicating heavy selling pressure. Recently as the chart moves into early 2026 the steep fall seems to have paused. The stock is currently trading around 432.35. Instead of continuing to drop it is attempting to build a base and consolidate in a sideways range. The most recent daily candles show a decent upward bounce +2.88% showing some buying interest at lower levels. Crucial support the 400-410 zone is currently acting as a strong support line. The price has tested this area multiple times recently and bounced back. It is critical for the stock to hold this level to avoid further downside. Immediate resistance on the upside the 475-500 zone is the immediate hurdle. During its recent recovery attempt the stock faced rejection around this area and was pushed back down. For a bullish move the stock needs to give a strong daily closing above the 475-500 resistance zone with good trading volume. This would signal a potential trend reversal. For a bearish move if the price breaks and sustains below the 400 support the downward trend is likely to resume. 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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