is currently in a distribution and correction phase. After a massive bull run that peaked in mid-2024 reaching highs near ₹675-₹700 the stock has been forming Lower Highs and Lower Lows. This is a classic sign of a bearish trend in the medium term. Immediate support the price is hovering around the ₹430 - ₹440 zone. This area has acted as a floor recently however the wicks the thin lines at the bottom of the candles suggest that while buyers are stepping in they aren't strong enough to push the price back up significantly. Major resistance significant selling pressure is visible around ₹525 and ₹600. Until the stock breaks above ₹525 with high volume the outlook remains cautious. Volatility the chart shows high volatility with sharp spikes followed by immediate sell-offs. This suggests that smart money might be exiting on every minor rally. Consolidation recently the price movement has become narrower. This usually precedes a breakout or a breakdown. Given the overall downward slope the risk of a breakdown below ₹425 is currently higher than a sudden moonshot. VBL is currently falling into a base. For a fresh entry, it is safer to wait for the stock to stop making lower lows and start consolidating above ₹475. If it breaks below ₹425 we might see a further slide toward the ₹380-₹400 range. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

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