is showing a positive medium-term trend after recovering strongly from the ₹100–110 zone. The stock rallied towards ₹205–210 before facing profit booking but it has recently bounced back from around ₹160 and is now trading near ₹174. The recovery suggests buying interest is returning although the stock is approaching an important resistance zone. Support ₹165–160 is the immediate support zone. Below ₹160 ₹150–145 becomes the next important support. Resistance ₹180–185 is the immediate resistance. A strong close above ₹185 can open the way towards ₹195–205 while ₹205–210 remains a major hurdle. Short-Term Buyers & Holders View short-term buyers can consider fresh entry only on a sustained move above ₹180–185 preferably with strong volume. A breakout above this zone can open the way towards ₹195–205. Existing holders can continue to hold as long as ₹160 support remains intact. A close below ₹160 would weaken the setup and may increase downside pressure. Overall the short-term view remains cautiously bullish.

#TechnicalViews#MacroViews#EquityResearch#Today’sTradingSetup

1,066 likes·12 comments