On daily and weekly charts, the stock has formed a promising uptrend continuation formation which indicates a continuation of the uptrend soon. For the trend following traders, Rs 990 and Rs 975 would be the key support zone. If the stock is trading above the same, the uptrend wave is likely to continue. Above this, it could move up to Rs 1060.
Strong double-digit year-on-year (YoY) growth in Feb 2024 is likely for 2W wholesale volumes due to good demand (retails up ~10%) and a favourable base.