is currently exhibiting a sideways to bearish bias in the medium term. After reaching a significant peak near the 3000 level in late 2024 it has undergone a sharp correction and is now struggling to maintain upward momentum. Current price ₹2314.50. The chart shows a series of Lower Highs suggesting that every time the price tries to bounce sellers are stepping in to push it back down. Recently support ₹2100 – ₹2200 This is the value zone where the stock has historically found buyers. If the price drops to this level it might be a good area for a bounce. Recently resistance ₹2500 – ₹2600. The stock recently failed to cross this zone. To turn Bullish the price needs to close decisively above ₹2600. The wide swings indicate high uncertainty. Investors are reacting sharply to news or earnings reports. The stock is currently hovering in a middle-ground area. It isn't clearly crashing but it lacks the strength to start a new rally. The recent candles are relatively small suggesting a lack of strong conviction from buyers at the current price of ₹2314.

#EquityResearch#TechnicalViews#Post-ClosingCommentary#WatchOutFor

783 likes·51 comments