is currently in a consolidation phase following a strong uptrend that peaked near the ₹290 level in November. The stock hit a high around ₹290 which now serves as a major psychological and technical resistance. After a correction down to the ₹230 zone in December the stock has formed higher lows indicating that buyers are stepping in at lower levels. It is currently trading around ₹266.70 moving sideways within a range as it attempts to gather momentum for the next breakout. Rounding Bottom Attempt since December the price action looks like it is trying to form a Rounding Bottom or a Cup pattern. This is generally a bullish reversal sign if it completes. The stock is currently trading above its previous local highs from early February which shows short-term strength. A fresh entry might be safer if the stock clears the ₹275–₹280 resistance zone on high volume. As long as the stock stays above ₹240 the medium-term uptrend remains intact. Technical analysis is based on historical price movement and does not guarantee future results. Always use a stop-loss to protect your capital.

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