chart shows that a prolonged downtrend after peaking near ₹1360 in mid-2025. However during March and April 2026 the stock found a solid base around the ₹880 - ₹900 zone. It is currently trading at ₹977.40 showing fresh bullish momentum and attempting a trend reversal from the bottom.
Support the major foundational support is sitting strong at the ₹880 - ₹900 level. A shorter-term immediate support can be seen around ₹940. Resistance the stock is heading towards an immediate supply zone between ₹1000 and ₹1040. This is a critical hurdle it needs to cross to confirm a change in the broader trend.
For a clear swing trade entry watching for a decisive breakout and daily candle close above the ₹1000 - ₹1020 zone with continued high volume would be ideal. If it breaks out the next logical targets would be near ₹1080 and ₹1120.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.