daily chart provided is currently in a consolidation phase after a volatile period. Here is a breakdown of the key technical observations. The stock has retreated significantly from its peak around ₹680-₹700 seen in mid-2024. It is currently oscillating between ₹480 and ₹600.
The stock has retreated significantly from its peak around ₹680-₹700 seen in mid-2024. It is currently oscillating between ₹480 and ₹600.
Immediate Support ₹480 – ₹500. This area has acted as a floor recently. If the stock falls below this it could slide toward ₹440. Resistance ₹560 – ₹580. The stock has struggled to stay above this level over the last few months.₹600. A sustained close above ₹600 would be a strong bullish signal suggesting the stock is ready to retest its all-time highs.
The price action between ₹500 and ₹530 looks like a base-building phase. Investors seem to be waiting for a fundamental trigger or a market-wide rally.