chart is currently trading around ₹282.35. After reaching a peak near the ₹400–₹420 zone earlier this year the stock has undergone a significant correction. The primary trend over the past few months has been downward forming a clear pattern of lower highs and lower lows. Recently the stock found a floor near the ₹240 level and has shown a short-term bounce-back toward the current ₹282 level. Immediate Support the recent swing low around ₹240–₹250 acts as a strong immediate support base. As long as the price stays above this the short-term recovery remains intact. Immediate Resistance the stock is currently testing a crucial resistance zone around ₹285–₹300. This area previously acted as a support level and is now acting as a ceiling. Major Resistance if the price successfully crosses and sustains above ₹300 the next major hurdle will be the ₹320–₹340 zone. Right now is in a wait and watch phase. It is attempting a recovery but needs to break past the ₹300 resistance with heavy volume to confirm a true trend reversal. Until that breakout happens the stock might consolidate in this current range or face renewed selling pressure at higher levels. 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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