short-term trend is strongly bearish negative. After hitting a high near 1475 in mid-2025 the stock has struggled to gain new ground forming lower highs. Recently in March 2026 it has experienced a very sharp and aggressive downward move. Looking at the far right of the chart you can see several large consecutive red candles. This shows intense selling pressure. The price has broken down below the psychological level of 1300 confirming that the bears are currently dictating the market direction. Support the stock is currently trading at 1272. It is rapidly approaching a visible support line near the 1250 to 1260 zone marked by the horizontal dotted line. If it breaks below this the next major historical support is much lower around the 1150 to 1200 range from early 2025. Resistance if the stock attempts a pullback or recovery the previous support zone of 1320 to 1350 will now act as a heavy resistance ceiling. New short-term buyers avoid jumping in right now and wait for the price to stabilize and show a clear reversal near the 1250 support level. Current holders keep a strict stop-loss just below 1250 as breaking this level could trigger another rapid drop toward the 1150 zone. The immediate trend is aggressively negative so prioritize protecting capital over taking risky new positions some days. 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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