Price Action
CMP: ~₹165–167 (Sept 22, 2025)
The stock is in a strong uptrend and has recently seen a significant price jump of over 4% in a single day.
Price is trading well above its short, medium, and long-term moving averages, confirming a solid bullish trend.
The stock is currently trading near its recent high, which could be a prelude to further breakout.
Indicators & Momentum
RSI (14): ~70.06 → The stock is entering the overbought zone, which may suggest a short-term consolidation or pullback.
ADX (14): ~41.08 → A high ADX value confirms that the current uptrend is very strong and gaining momentum.
EMAs: The price is trading well above its 50-day SMA (~₹134.65) and 200-day SMA (~₹139.90), a clear sign of strength and long-term bullish alignment.
Volume & Market Structure
The current trading session has seen exceptionally high volume (over 4.6 million shares), which is a massive surge compared to the average daily volume of the previous week.
The volume-backed price surge confirms strong buying interest and is a powerful signal for continuation.
Key Levels
Resistance: The immediate resistance is the intraday high of ₹167.55. The next major resistance is the 52-week high of ₹225.50.
Support: The previous high around ₹157 now acts as a support level. Below that, the EMA cluster around ₹135 provides a solid base.
Upside Targets
T1: ₹175
T2: ₹185
T3: ₹225+ (Extended swing target to new 52-week high)
Invalidation
Close below ₹157 = short-term caution.
Close below the 50-day SMA (~₹135) = medium-term weakness.
Trading View Bias
Bias: Strongly Bullish
Short-Term: ₹175 → ₹185
Medium-Term: Potential for a move towards the 52-week high.
Cautionary Note
This analysis is for informational and educational purposes only and should not be considered as financial advice. The stock market is highly volatile, and prices can change rapidly. All investment decisions carry a degree of risk.
CMP: ~₹165–167 (Sept 22, 2025)
The stock is in a strong uptrend and has recently seen a significant price jump of over 4% in a single day.
Price is trading well above its short, medium, and long-term moving averages, confirming a solid bullish trend.
The stock is currently trading near its recent high, which could be a prelude to further breakout.
Indicators & Momentum
RSI (14): ~70.06 → The stock is entering the overbought zone, which may suggest a short-term consolidation or pullback.
ADX (14): ~41.08 → A high ADX value confirms that the current uptrend is very strong and gaining momentum.
EMAs: The price is trading well above its 50-day SMA (~₹134.65) and 200-day SMA (~₹139.90), a clear sign of strength and long-term bullish alignment.
Volume & Market Structure
The current trading session has seen exceptionally high volume (over 4.6 million shares), which is a massive surge compared to the average daily volume of the previous week.
The volume-backed price surge confirms strong buying interest and is a powerful signal for continuation.
Key Levels
Resistance: The immediate resistance is the intraday high of ₹167.55. The next major resistance is the 52-week high of ₹225.50.
Support: The previous high around ₹157 now acts as a support level. Below that, the EMA cluster around ₹135 provides a solid base.
Upside Targets
T1: ₹175
T2: ₹185
T3: ₹225+ (Extended swing target to new 52-week high)
Invalidation
Close below ₹157 = short-term caution.
Close below the 50-day SMA (~₹135) = medium-term weakness.
Trading View Bias
Bias: Strongly Bullish
Short-Term: ₹175 → ₹185
Medium-Term: Potential for a move towards the 52-week high.
Cautionary Note
This analysis is for informational and educational purposes only and should not be considered as financial advice. The stock market is highly volatile, and prices can change rapidly. All investment decisions carry a degree of risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.