Technical Analysis Meesho Ltd

The stock $MEESHO is currently trading around ₹188.88 and the stock has shown a strong recovery from the June lows near ₹165. Buyers have pushed the price back above the short-term moving zone, showing improving momentum. However the stock is now approaching a key resistance area where selling pressure has appeared in the past. The immediate support is placed at ₹184–185 where buyers have recently entered. Below this, the next strong support lies around ₹175–178. If the price falls below ₹175 the bullish momentum may weaken and the stock could revisit lower levels near ₹165. The first resistance is at ₹195–198 which is the recent swing high. A decisive breakout above this level can open the way towards ₹205–215. Sustaining above ₹215 would confirm a stronger medium-term bullish trend. The overall short-term trend remains positive, but the stock is trading close to an important resistance zone. Fresh buying is better considered only after a strong breakout above ₹198 with good volume while existing investors can continue holding with a stop-loss below ₹184. Short-term traders should wait for a confirmed breakout before adding new positions. Existing holders can stay invested as long as the stock trades above ₹184. A sustained move above ₹198 may offer fresh upside while a break below ₹175 would turn the outlook cautious.