has been in a clear downtrend since hitting its peak near the 1240–1250 level around October 2025. It has been forming lower highs and lower lows. However the heavy selling pressure recently seems to have paused and the stock is currently entering a consolidation phase.
Major Support Zone 880 – 920 the current price of 973 is resting just above a very strong historical demand zone. If you look at the bottom left of the chart around early 2025 the stock bounced back strongly from these 880-900 levels. It is testing this critical zone again right now in April 2026. First Hurdle 1000 – 1040 the immediate psychological resistance is the 1000 mark. If it breaks and sustains above this the next supply zone is around 1040 to 1080.
For Short-Term buyers avoid taking fresh entries right now wait for a clear strong bullish bounce from the 880-920 support zone backed by high volume. Buying before a confirmed reversal is risky while the stock is still stabilizing. For Existing holders you can continue holding but strictly maintain a stop-loss just below the 880 mark on a daily closing basis. If the price breaks and stays below 880 it is safer to exit to prevent further losses, but if support holds expect a pullback towards the 1000-1040 levels.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.