is in a solid broader uptrend that started after it bottomed out in early 2025. After a sharp and powerful rally in early 2026 where it hit highs near 520 the stock is currently going through a healthy consolidation phase. Immediate support 460. This is a crucial level where the stock is currently trying to build a base and stabilize. Major support 440. If 460 breaks this is the next strong cushion. Immediate resistance 490 to 500. The stock needs to cross this hurdle to regain strong upward momentum. Major resistance 520 the recent peak. The major upward moves earlier this year were backed by noticeable tall volume bars indicating strong buying interest. The current pullback to the 478 level appears to be standard profit booking. The stock is moving sideways on relatively lower volume which means it is just absorbing the recent gains rather than experiencing a panic sell-off. The overall chart structure remains bullish as long as the price stays above the 460 support zone. If the stock can break out and close above 490 with strong volume it will likely make another attempt at the 520 highs. However a clear drop below 460 might invite some short-term weakness.

#EquityResearch#SectorBreakouts#TrendingSectors#TechnicalViews#WatchOutFor

829 likes·71 comments