Scrip is placed at crucial support level. Downward gap filling is a possibility.
Price has taken support at Fibonacci levels 61% of nearest swing low and swing high. If it is a case of retracement of strong trend, buying above the levels will take it to swing high. If it is a case of weak trendl, price should break support and fall to swing low,
A strong close above recent high (3500) may take it to 4050 levels in coming weeks. A rejection may force it to be in a consolidation phase in the marked area.
Marked are the levels of supports and resistances. Strong close with levels on the levels to be look forward to.
Intermediate resistance at 3945 and strong resistance at 4000. Intermediate support at 3857 and strong support at 3774.
If a bullish engulfing occurs near Fibonacci 61 percent levels (1967) may take the stocks to day high ( Pivot Resistance 1) 1900 levels.
Torrent power is reaching a 10 year high. Strong close with volume above the resistance levels may take it to new high. Rejection may be marked with fall to the nearest support levels.
A strong close above 1470-80 levels may take it to the nearest resistance.