is neither in a strong uptrend nor a clear downtrend. Since late 2024 it has been bouncing between a specific support and resistance. Support roughly around the ₹480 – ₹500 zone. Every time it hits this area buyers step in. Resistance there is immediate resistance near ₹540 – ₹550. To see a real rally the stock needs to cross this level convincingly. Past performance you can see a massive peak earlier in 2024 (near ₹660-₹680), followed by a sharp correction. Current state the candles have become smaller recently which means the high intensity selling has stopped but there is no aggressive buying yet. It is currently trading at ₹519.00. For long-term investors the stock is near a historical support zone (around ₹500). This is often considered a value zone but it requires patience as there is no sign of a quick jump. For short-term traders avoid chasing the stock in the middle of the range. A better entry would be a bounce from ₹500 or a breakout above ₹540 with high volume. If the stock closes below ₹480 on a weekly basis the technical structure will weaken significantly potentially leading to further falls. If it breaks the nearby resistance with high volume, we could see some short-term bullishness. Risky traders may look for an entry after a closing above 530. 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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