the stock is currently in a complex phase transitioning from a strong uptrend into a corrective consolidation pattern. The stock reached its peak around 360 in late 2025. Since then it has been making Lower Highs and Lower Lows which indicates a short-to-medium-term downtrend. However the recent price action near the 240–250 zone shows signs of the selling pressure cooling down.
Immediate support the region between 235 and 245 has acted as a strong demand zone. You can see the price bouncing back every time it nears this level over the last month. Immediate resistance the first major hurdle is at 280. Beyond that the 300 level is a psychological and technical barrier where previous sell-offs occurred.
Bullish sign the recent green candles suggest a Double Bottom formation near the 240 level which is often a reversal signal. Bearish sign the stock is still trading below its recent swing highs meaning the bulls haven't fully regained control yet.
For Buyers if you are looking for a fresh entry, wait for a decisive breakout above the 275–280 zone. Alternatively buying near the 245 support with a strict stop loss below 230 offers a good risk-to-reward ratio. For Holders if you already own the stock the level to watch is 235. As long as it holds above this the long-term structure remains intact. A breakdown below 235 could lead to a deeper correction toward the 210–220 levels.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.