The stock $QPOWER is in a short-term downtrend after failing to sustain above ₹1400. The stock has been making lower highs and lower lows indicating that sellers are still in control despite occasional recovery attempts. After the sharp rally earlier this year the stock entered a correction phase and is now trading near ₹1130. Recent price action suggests consolidation but there is no strong breakout signal yet. A move above the recent swing highs is needed to improve sentiment. The immediate support lies around ₹1080-1100, where buyers have shown interest in the past. If this zone breaks the stock could decline towards ₹1000. On the upside, ₹1200-1220 is the first resistance followed by a stronger hurdle near ₹1300. A breakout above ₹1220 with strong volume would indicate renewed bullish momentum. The outlook is neutral with a cautious bias. Existing investors can continue to hold as long as the stock remains above ₹1080. Fresh buying is preferable only after a decisive breakout above ₹1220 with strong trading volume.

#TechnicalViews#EquityResearch#Today’sTradingSetup#WatchOutFor

921 likes·23 comments