Price Action
CMP: ~₹425–430 (Sept 22, 2025)
The stock is in a confirmed and accelerating uptrend, hitting a new 52-week high of ₹437.50.
The chart shows a powerful breakout from a consolidation phase, and analysts have also identified "rounding bottom" and "cup and handle" breakouts.
Indicators & Momentum
RSI (14): ~59.3 → A mid-range RSI suggests the stock has good momentum without being immediately overbought, with room for further gains.
ADX (14): 25.53, but the strong uptrend and breakout indicate a high ADX value, confirming trend strength.
EMAs: The price is trading well above the 20, 50, and 200 EMAs, which are at approximately ₹357.80, ₹349.60, and ₹313.00, respectively. This demonstrates significant bullish control.
Volume & Market Structure
Today's trading session has seen exceptionally high volume (over 3.2 million shares), which is a massive surge compared to the average daily volume of the previous week.
The volume-backed breakout from the previous resistance level confirms strong buyer interest and is a powerful signal for continuation.
Key Levels
Resistance: The immediate resistance is the new high of ₹437.50.
Support: The previous high around ₹429.90 will now act as a support level. A strong cluster of EMAs below ₹350 also provides a solid base.
Upside Targets
T1: ₹450
T2: ₹480
T3: ₹500+ (Extended swing target based on technical patterns)
Invalidation
Close below ₹400 = short-term caution.
Close below the 50 EMA (~₹350) = medium-term weakness.
Trading View Bias
Bias: Strongly Bullish
Short-Term: ₹450 → ₹480
Medium-Term: Potential for a move towards ₹500 and beyond.
CMP: ~₹425–430 (Sept 22, 2025)
The stock is in a confirmed and accelerating uptrend, hitting a new 52-week high of ₹437.50.
The chart shows a powerful breakout from a consolidation phase, and analysts have also identified "rounding bottom" and "cup and handle" breakouts.
Indicators & Momentum
RSI (14): ~59.3 → A mid-range RSI suggests the stock has good momentum without being immediately overbought, with room for further gains.
ADX (14): 25.53, but the strong uptrend and breakout indicate a high ADX value, confirming trend strength.
EMAs: The price is trading well above the 20, 50, and 200 EMAs, which are at approximately ₹357.80, ₹349.60, and ₹313.00, respectively. This demonstrates significant bullish control.
Volume & Market Structure
Today's trading session has seen exceptionally high volume (over 3.2 million shares), which is a massive surge compared to the average daily volume of the previous week.
The volume-backed breakout from the previous resistance level confirms strong buyer interest and is a powerful signal for continuation.
Key Levels
Resistance: The immediate resistance is the new high of ₹437.50.
Support: The previous high around ₹429.90 will now act as a support level. A strong cluster of EMAs below ₹350 also provides a solid base.
Upside Targets
T1: ₹450
T2: ₹480
T3: ₹500+ (Extended swing target based on technical patterns)
Invalidation
Close below ₹400 = short-term caution.
Close below the 50 EMA (~₹350) = medium-term weakness.
Trading View Bias
Bias: Strongly Bullish
Short-Term: ₹450 → ₹480
Medium-Term: Potential for a move towards ₹500 and beyond.
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.