Technical Analysis Vishal Mega Mart Ltd.

The stock

is currently trading at ₹114.00. Looking at the overall structure the stock underwent a significant mountain-shaped cycle. Throughout mid-2025 the stock saw a strong uptrend peaking near the ₹156 level in September. Following the peak a consistent lower high and lower low pattern emerged which is a classic sign of a downtrend. Immediate support ₹103.15. This is a critical floor. As long as the stock stays above this the bottoming out process remains valid. Immediate resistance ₹116–₹120. The stock is currently approaching a minor hurdle. A breakout above ₹120 would suggest a change in sentiment. Major resistance ₹132. This was a previous breakdown point and will act as a tough supply zone in the future. Trend reversal signs after a sharp decline we are seeing a V-shaped recovery from the ₹100 level. The recent green candles show that buyers are stepping back in at lower levels. Consolidation the stock spent some time near the ₹108-₹110 range before jumping to ₹114 indicating a short-term bullish momentum. The stock is currently in a recovery phase after a deep correction. It is no longer in a free-fall. However, for a confirmed long-term bullish trend the stock needs to cross and sustain above the ₹124 mark. Bullish view if the price sustains above ₹116 it may head toward ₹128. Bearish view if it fails to hold ₹108 it might retest the major support at ₹103. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.