Current context
Price: ~ ₹ 52.82 as of 24 Oct 2025.
52-week range: ~ ₹ 39.60 (low) to ₹ 102.50 (high).
Fundamentals are weak: large losses, negative ROE/ROCE.
On the upside there is some sentiment (new product launches, PLI certification) but also heavy risk.
Technical levels for next 1 week
Using a short time-frame lens (1-week horizon), here are key levels to watch:
Support levels
~ ₹ 50.00: A round psychological level and near recent consolidation zone.
~ ₹ 46.00-₹ 47.00: A lower support zone given prior trading around ₹39-₹ 45 band and visible in 20-day EMA region.
If strong weakness: ~ ₹ 42.00-₹ 43.00 might act as next floor given the 52-week low at ~39.60.
Resistance levels
Immediate resistance: ~ ₹ 55.00-₹ 58.00 zone. Some sources flagged ₹ 55-58 as a barrier.
If breakout: ~ ₹ 62.00-₹ 65.00 is the next target band in near term.
Price: ~ ₹ 52.82 as of 24 Oct 2025.
52-week range: ~ ₹ 39.60 (low) to ₹ 102.50 (high).
Fundamentals are weak: large losses, negative ROE/ROCE.
On the upside there is some sentiment (new product launches, PLI certification) but also heavy risk.
Technical levels for next 1 week
Using a short time-frame lens (1-week horizon), here are key levels to watch:
Support levels
~ ₹ 50.00: A round psychological level and near recent consolidation zone.
~ ₹ 46.00-₹ 47.00: A lower support zone given prior trading around ₹39-₹ 45 band and visible in 20-day EMA region.
If strong weakness: ~ ₹ 42.00-₹ 43.00 might act as next floor given the 52-week low at ~39.60.
Resistance levels
Immediate resistance: ~ ₹ 55.00-₹ 58.00 zone. Some sources flagged ₹ 55-58 as a barrier.
If breakout: ~ ₹ 62.00-₹ 65.00 is the next target band in near term.
Related publications
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.
Related publications
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.