The stock is trading close to overbought levels which could result in some profit taking but traders can look to buy the dip. The Supertrend indicator also triggered a buy on daily charts in November.
India’s equity market divergence suggests largecaps may be regaining leadership as mid- and smallcaps remain under pressure. The Nifty has recovered to broadly flat returns
Meesho shares fell nearly 3% after Q2 FY27 net loss narrowed 68% year-on-year to Rs 132 crore, while revenue rose 34% to Rs 4,132 crore.
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