Technical Analysis Thyrocare Technologies

The stock $THYROCARE is showing a strong bullish trend on the weekly chart. The stock has formed a clear higher-high and higher-low structure and has recently broken above its previous ₹520–550 resistance zone with strong momentum. It is currently trading around ₹624 close to the recent high indicating strong buying interest. Support & Resistance immediate support is around ₹580–560 while a stronger support zone lies near ₹520–500. On the upside, ₹640–650 is the immediate resistance zone. A sustained weekly close above ₹650 can open the way towards ₹680–700. Short-Term Outlook: The trend remains bullish but the recent sharp rally makes the stock slightly extended so chasing at current levels carries risk. Fresh buyers can look for a pullback towards ₹580–560 or a strong breakout above ₹650. Existing holders can continue to hold with a trailing stop-loss around ₹550. A weekly close below ₹520 would weaken the current bullish structure.