is currently trading around 2138 holding firmly above that previous resistance zone. The steep angle of the recent climb indicates strong buying interest. After a long period of recovery the stock is currently showing aggressive upward momentum.
The recovery phase from late 2024 through early 2025 the stock went through a major correction, dropping to the 1400–1500 range. Since then it has formed a solid base and steadily climbed back up showing great strength. Major breakout the most important event on this chart is the recent breakout. Back in mid-2024 the stock faced heavy resistance around the 2050 to 2100 level and couldn't cross it. Recently the price has confidently broken past this ceiling with large green candles.
Immediate support in technical analysis, old resistance becomes new support. The 2050 to 2100 zone should now act as a strong floor. If the stock dips buyers are likely to step in around this area. Next resistance because the stock is breaking into new high territory there is no immediate historical resistance visible. The next targets will likely be psychological round numbers like 2200 and 2300.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.