is currently showing a strong recovery and is in an uptrend. After hitting a major bottom near the 1276 level around October 2025 the price has been consistently moving upwards creating a pattern of higher highs and higher lows. This indicates that buyers are currently in control.
Immediate Support the 1500 to 1550 zone. If the stock faces a small correction or profit booking buyers are likely to step in around this area. Major Support the 1276 level acts as a very strong long-term floor for the stock. The next major target or resistance area is near the previous peaks around 1700 to 1750 which were formed on the left side of the chart before the big fall.
For short-term buyers entering near current levels around 1,605 with a strict stop-loss at 1550 is a solid setup for a target of 1700 to 1750. If you are already holding the stock continue to hold and ride this strong upward momentum. Just make sure to shift your trailing stop-loss to 1500 to protect your capital.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.