Since September 2024, the stock has been encountering consistent supply pressure near the upper boundary of this channel, but the recent breakout suggests a change in character.
With momentum now favouring the bulls, the stock appears poised to head towards the ₹960 zone. As per this bullish setup, fresh long positions can be considered even at the current price action, with a closing basis stop placed below the ₹770 mark to manage downside risk.
