The stock is currently in a strong uptrend, moving within a well-defined ascending channel and respecting both the upper and lower trendlines, indicating sustained bullish momentum. The lower trendline, around INR 950–1,000, serves as a critical support zone and presents an ideal buy level, offering a favorable risk-reward ratio. Immediate support lies around INR 1,050–1,080, which can also be considered for short-term entries. The RSI, currently above 70, suggests overbought conditions, signaling a possible correction or consolidation before the next upward move. A pullback to the lower channel, especially if accompanied by increased volume and RSI levels near 40–50, would strengthen the case for a buy. To minimize risk, a stop-loss can be placed slightly below the channel boundary. Waiting for a retracement or consolidation phase near these levels, coupled with confirmations from other indicators like moving averages or candlestick patterns, can enhance the quality of the entry point.
Chart PatternsTechnical IndicatorsTrend Analysis

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