is currently going through a corrective phase after reaching its all-time highs. Since mid-2024 the stock has formed a Lower High and Lower Low pattern on the daily time frame. This indicates a short-term downtrend. It is currently trading around 261.45. While there was a recent green candle +5.98% it is still struggling to break out of its downward sloping momentum. The stock faced heavy selling pressure near the 340–360 range. Immediate support there is a horizontal support zone around 240–250. The stock has historically bounced from this area or consolidated here before. If it breaks below 240 the next major support is near 220. Resistance to turn Bullish again the stock needs to clear the 280 level with high volume. The major hurdle remains at 320 which acted as a strong supply zone in late 2025. For Long-term Investors this could be a Buy on Dips zone if you believe in the company's fundamentals as the stock is significantly discounted from its 360 peak. For short-term traders Wait for a confirmed breakout above 275–280 before entering. Keep a strict stop-loss near 240. 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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