Technical Analysis Vimta Labs Limited.

The stock

after a massive rally that peaked near the 880-900 zone late last year the stock entered a long and steep downtrend. However the current daily chart shows that this downtrend has paused and a strong short-term recovery is now in progress. Immediate Support the first major support is now around the ₹440–₹450 level the recent minor pullback area. The ultimate strong base remains the ₹380–₹400 zone. Immediate Resistance on the upside the stock is approaching its next hurdle near the ₹520 to ₹560 zone. This area saw a lot of price action during the previous fall and will likely act as a resistance level now. For short-term buyers the current upward momentum is attractive, offering a potential entry with a strict stop loss below the ₹440 support zone to play the move toward the ₹520–₹560 resistance. Current holders who bought at the bottom should trail their stop losses upward to protect their recent profits as the price approaches the psychological ₹500 mark. Meanwhile investors holding from higher levels can continue to hold as the solid base formation near ₹400 suggests the heaviest selling phase has ended. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.