Technical Analysis Denta Water and Infra Solutions Ltd

The daily

chart of currently trading at 290.80 shows an interesting setup. The stock has recently staged a strong recovery after a prolonged and steep downtrend. After peaking near the 475 level around September/October the stock entered a severe downtrend making lower highs and lower lows until it found a solid bottom near the 225-230 zone in early 2026. Immediate Resistance the stock is currently pausing just below the crucial 300 psychological level. Looking at the historical data on the left side of the chart around April to July the 275-300 zone was a major consolidation phase. Since the price broke heavily below this level during the downtrend this 300 mark will now act as a strict resistance. Support the recent bottom formation near 225-230 is the primary support. A minor more immediate support base can be seen around 250 where the recent rally briefly paused before pushing higher. For short-term buyers taking a fresh entry right now is risky because the stock is facing strong resistance near the 300 level so it is safer to wait for a strong daily closing above 305 with good volume or look for a dip near the 260-270 zone. Existing holders should continue holding their positions to ride this recovery but they must keep a strict trailing stop loss around 270 to protect their earned profits. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.