is currently in a clear long-term downtrend with the chart showing a sequence of lower highs and lower lows since the 2024–25 peak. The stock is trading around ₹1784 close to an important support zone but there is no strong reversal confirmation yet. Recent price action remains weak as the stock has continuously slipped from the ₹2400–2500 zone and is now approaching the previous demand area around ₹1700–1750. Support: ₹1700–1750 is the immediate support zone. Below this, ₹1600–1650 could act as the next major support. Resistance: ₹1900–1950 is the immediate resistance. A strong close above ₹1950–2000 can improve the structure and open the way towards ₹2200–2300. Technically, the stock is currently bearish to neutral. Buyers should preferably wait for a confirmed reversal or breakout above ₹1950–2000 rather than aggressively buying into the ongoing downtrend. Existing holders can monitor ₹1700 as an important downside level.

#TechnicalViews#MacroViews#EquityResearch#WatchOutFor

1,058 likes·60 comments