is currently trading near its all-time high level around the ₹1,970 – ₹1,985 r range.
Strongly Bullish since mid-2023 the stock has consistently made higher highs and higher lows. After a significant correction in early 2025 dropping toward the ₹1,400–₹1,500 zone the stock has staged a massive recovery reclaiming almost all lost ground.
Resistance ₹1985 - ₹2000. This is a psychological barrier. A clean breakout above ₹2000 with high volume could lead to a fresh blue sky zone rally. Support ₹1850 - ₹1880. This was the previous peak before the current breakout attempt. Major Support ₹1700. This level acted as a base during the consolidation phase in late 2025.
Looking at the price action from August 2024 to now, the chart shows a large Rounding Bottom or a Cup like formation. This is generally a very bullish continuation pattern. The price action has become tighter as it approaches the ₹1970 mark which often precedes a big move (either a breakout or a temporary rejection).