is currently showing a sideways to mildly positive structure on the daily chart. After a prolonged decline from the ₹1600 zone the stock found strong support around ₹1260–1280 and has since entered a consolidation phase. Recent price action shows some higher lows suggesting buying interest is gradually returning but the broader trend has not yet turned strongly bullish.
Support & Resistance: Immediate support is around ₹1300–1280 followed by strong support near ₹1260–1250. On the upside, ₹1340–1360 is the key resistance zone. A decisive breakout above ₹1360 with strong volume can push the stock towards ₹1400–1440.
Short-Term Outlook: The setup is neutral-to-positive while the stock holds above ₹1280. Fresh buyers can wait for a breakout above ₹1360 or consider accumulation near ₹1300–1280 with proper risk management. Existing holders can continue holding with a trailing stop-loss around ₹1270. A close below ₹1260 would weaken the recovery structure.