has shown a strong recovery after forming a bottom near the ₹370–380 zone. The stock has rallied sharply and is now consolidating around ₹480 indicating that buyers are holding their positions instead of booking aggressive profits. The chart is forming a pattern of higher highs and higher lows which reflects a healthy bullish trend. The recent sideways movement near the highs suggests that the stock is preparing for its next move. If buying volume increases and the price breaks above the current resistance the uptrend is likely to continue. The immediate support is placed around ₹470–475 where buyers have consistently entered during recent pullbacks. A stronger support zone lies near ₹450–455 and a break below this level could weaken the short-term bullish structure. On the upside the first resistance is at ₹485–490. A sustained close above this range with strong volume can trigger the next rally towards ₹510–530. The stock has a bullish technical outlook. Existing investors can continue to hold as long as the price remains above ₹470. Fresh buying is preferred only after a confirmed breakout above ₹490 with strong trading volume. Traders should keep a stop-loss below ₹450 to manage downside risk.

#TechnicalViews#MacroViews#Today’sTradingSetup#EquityResearch

918 likes·45 comments