l has been in a broader downtrend for several months but the recent price action suggests that selling pressure is fading. After forming a base near the ₹95–100 zone the stock has recovered and is now trading around ₹120. Over the last few weeks it has been moving in a narrow range indicating a consolidation phase before the next major move. The stock is currently attempting to build a higher base which is a positive sign. However it is still trading below its major swing highs so the trend cannot be considered strongly bullish yet. The immediate support is placed around ₹115–116 where buyers have consistently defended the price. A stronger support zone is visible near ₹108–110 and a break below this level could lead to renewed selling pressure. On the upside the first resistance is at ₹122–125. A sustained close above this range can open the door for the next targets around ₹130–135. The stock has a neutral to mildly bullish outlook. Existing investors can continue to hold as long as the price remains above ₹115. Fresh buying is preferable only after a confirmed breakout above ₹125 with strong volume while traders should keep a stop-loss below ₹110 to manage downside risk.

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