is currently trading around ₹236.40 on the daily chart. The stock has been in a sideways-to-bearish phase after falling sharply from the ₹300 zone. Recently price has failed to sustain above ₹250–255 indicating selling pressure near the upper range. The short-term structure is weak with lower highs visible after the May–June decline. However, price is still holding the broader ₹225–230 support zone. A sustained move above ₹250–255 would improve the structure and indicate a possible trend reversal. Immediate support is around ₹230–225. If this zone holds, buyers may attempt another recovery. A break below ₹225 can increase weakness toward ₹215–210. Immediate resistance is ₹245–250, followed by ₹255–260. A strong daily close above ₹260 with good volume can open the way toward ₹275–280.

#TechnicalViews#Miscellaneous#EquityResearch#WatchOutFor

929 likes·46 comments