is currently in a volatile consolidation phase with a bearish tilt in the short term. The stock hit a major high around 12500 in late 2024 but faced a sharp rejection. After a recovery attempt toward the 10000 level in early 2026 the price is now falling again. The price is currently sitting at 8875 which is a critical psychological and historical support level. Immediate support 8800 – 8750. If the stock closes below this on a daily basis it could trigger a further slide toward 8000. Major resistance 10000. The stock recently failed to cross this round number. A strong breakout is only possible if it stays above this level. Target downside if the current support fails the next logical stop is the previous swing low near 7500. Bearish view it is currently testing a major support line. If it breaks below 8800 the trend becomes clearly negative. Bullish view if it manages to bounce from this 8875 level it might trade sideways between 9000 and 9800 for a while. The recent candles show lower highs which is a classic sign of weakness. The stock is struggling to maintain upward momentum. 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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