Technical Analysis of Meesho Limited.

The stock $MEESHO saw a massive spike up to the 240-250 zone earlier this year followed by a sharp crash down to the 130-140 base by March. However since late March 2026 the stock has shown a solid recovery. It is now making a classic higher highs and higher lows pattern which indicates the short-term trend is strongly positive. The current price is fighting around the 198.68 mark. Resistance the immediate psychological resistance is right here at 200. If the stock breaks and sustains above 200 the next major hurdle is the recent swing high around the 220-225 zone. Support the 175 level marked with the dotted horizontal line on your chart is acting as a very strong immediate support. If a pullback happens buyers might step in here. The ultimate major base remains down at 130-140. Observe the volume bars at the bottom the trading volume completely dried up during the downfall in February and March. But during this recent upward rally in May we can see tall green volume spikes. Rising volume during an uptrend is a very healthy sign showing that strong buyers are actually participating in this move. For short-term buyers the safest approach is to wait for a daily closing breakout above the 200 resistance mark before taking fresh entries, targeting the 220-225 zone. Alternatively entering on a dip near the 175 support level provides a favorable risk-to-reward setup. Existing holders should confidently hold their positions to ride the current bullish momentum. However maintaining a strict trailing stop loss just below 175 is crucial to protect capital and lock in recent profits if the trend suddenly reverses. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.