is currently showing strong bullish momentum. After a noticeable correction around March 2026 the stock has made a sharp V-shaped recovery. It is currently trading near 2968.60 indicating that buyers aggressively stepped in at lower levels to push the price back up.
Resistance the immediate major hurdle is the psychological round number of 3000. The stock is approaching previous highs near this zone. A strong daily close above 3000 could trigger a fresh breakout. Support immediate support rests around the 2850 to 2900 zone. If the stock faces a minor pullback this is the first area to watch. The major, stronger support is way down near the recent swing low of 2550 to 2600.
Short-term buyers should watch for a confirmed breakout above the 3,000 resistance for rapid momentum gains, or wait for minor pullbacks toward the 2880 to 2900 support zone to secure a safer entry point. For short-term holders the strong recovery and healthy volumes signal a solid bullish trend suggesting you can comfortably maintain your current positions. However to protect capital against sudden market volatility it is essential to keep a strict trailing stop loss near the 2850 level.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.