Urban Company – Technical View, Support and Resistance

The stock

is showing a strong bullish trend on the daily chart. The stock has formed a clear sequence of higher highs and higher lows after the March low near ₹105. The recent move from the ₹130–₹145 zone to the current ₹181.09 level has been sharp, with strong upward candles and noticeable volume activity. However after such a fast rally some consolidation or profit booking cannot be ruled out. Support & Resistance: Immediate support is around ₹165–₹170 where the recent breakout and consolidation activity is visible. Below this ₹145–₹150 is an important support zone. On the upside, ₹180–₹185 is the immediate resistance area while ₹200 is the next major resistance visible on the chart. A sustained move above ₹185 can keep the bullish structure intact while a break below ₹165 can indicate short-term weakness. Short-term trend remains bullish but the stock is currently extended after a sharp rise. Buyers should watch the ₹165–₹170 zone for support. Holders can continue to track the higher-high/higher-low structure. A sustained breakout above ₹185 can strengthen the positive setup. A break below ₹165 would weaken the short-term structure.