The current mildly bearish technical trend suggests that the stock may face downward pressure in the short term. Key support levels near the recent lows around ₹634 and the 52-week low of ₹345.35 will be critical to watch. A sustained break below these levels could accelerate selling momentum. Conversely, any recovery above daily moving averages and a bullish crossover in MACD or KST indicators could signal a reversal of the current downtrend. Investors should also watch for changes in volume patterns and RSI movements for early signs of renewed buying interest. Given the mixed technical signals and recent downgrade, a cautious approach is advisable. Long-term investors may consider the stock’s strong historical returns and sector fundamentals, while short-term traders should heed the bearish momentum and potential volatility.

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