is past few months has been in a clear downtrend consistently making lower highs and lower lows after peaking above the ₹760 level late last year. However the recent price action indicates that this downward momentum is taking a pause and potentially trying to reverse. Recent price action the standout feature on this daily chart is the most recent upward move. The stock has formed a very strong, large bullish candle closing around ₹579. Immediate resistance the stock is currently heading into a resistance zone around ₹600 to ₹610. This area was a previous swing high. The stock needs to break and close above this level to confirm that a true trend reversal is underway. Secondary resistance if it successfully clears ₹610 the next major hurdle to watch is around ₹640 to ₹650. Immediate support on the downside if the price pulls back the recent base around ₹520 to ₹530 should act as strong immediate support. The ultimate deep support is at the recent bottom near ₹480. The chart is showing excellent early signs of a potential reversal primarily driven by that massive volume bar showing buyers stepping in. While the larger months-long trend hasn't fully flipped to bullish yet the short-term setup is very positive. A decisive daily close above ₹600 would add a lot of confidence to this bullish case. 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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