is currently trading at ₹2293.40. Looking at the daily chart we can see a significant recovery after a period of consolidation. Recently the stock has broken out of a narrow range between ₹2,100 and ₹2,200 showing strong bullish momentum in the last few sessions. Correction the stock saw a massive rally reaching nearly ₹2900 around September/October followed by a sharp correction. After the fall the stock found a floor or support near the ₹2100 - ₹2150 level. It spent most of December and January testing this support. The latest green candles indicate that buyers are returning. The price has successfully crossed the previous minor resistance of ₹2250. Bullish sign if the stock holds above ₹2250 it has a good chance of testing the ₹2400 level soon. If the price falls back below ₹2150 the recent recovery might fail leading to further sideways movement. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

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