is currently trading at 370.10. Looking at the daily timeframe the price recently showed a very aggressive and sharp recovery. It bounced from the deep lows of roughly 260-280 around March 2026 and rallied all the way up to the 440 resistance zone in early May. The stock is experiencing a pullback from those recent highs. Profit-booking is completely natural after such a steep straight-line rally. The price is currently resting near the 360-370 zone.
Immediate Support the 360 to 365 zone. If the stock holds this area it can consolidate and build a base for another upward move. If it breaks and sustains below 360 the next major support drops down to the 320-330 area. Immediate Resistance the first hurdle for the bulls is the psychological 400 mark. Above that the recent swing high of 430-440 is the major resistance.
Short-term holders, it is advisable to hold the position but maintain a strict stop-loss around the 350 level as breaking below the 360 support could trigger further selling. For fresh buyers, this is a wait and watch area it is safer to wait for a clear bullish reversal signal like a strong green candle at this 360-370 zone before taking new entries.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.