is currently in a corrective phase after a massive rally. Has been seen in a long-term downtrend for a while now. it clearly appears to be creating Lower Highs. Previous bull run from early 2024 to mid-2024 the stock saw a vertical mov, skyrocketing from roughly ₹325 to over ₹600. This was a period of extreme optimism. Since July 2024 the stock has been making Lower Highs and Lower Lows. This is a classic sign of a downtrend or a cooling off period after a big jump. Recently resistance the stock is finding it very hard to cross the ₹425 - ₹450 zone. Every time it reaches there sellers push it back down. Recently support the current price of ₹339.85 is sitting right near a critical horizontal support level. Looking at the chart late 2023 this area acted as a peak before. In technical analysis old resistance often becomes new support. Recently the price action has become tight. It is moving sideways between ₹325 and ₹375. The volume bars at the bottom show that the heavy selling pressure seen in late 2024 has reduced. This suggests the stock might be trying to find a bottom. For buyers it is risky to jump in fully right now. A safe entry would be if the stock manages to close above its recent Lower High (around ₹375-₹380) with good volume. For holders as long as it stays above ₹320 there is hope for a recovery. If it breaks below ₹320 it could slide further toward the ₹280-₹300 range.

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