After a medium-term correction, the stock is witnessing positive consolidation near the 200-Day SMA (Simple Moving Average). It has also formed a higher bottom formation which indicates a strong possibility of a fresh uptrend rally from the current levels.
Dalal Street Week Ahead: Selective Buying Favoured as Nifty Remains Range-Bound
Nifty remained range-bound, falling 0.47% to 24,252 amid subdued volatility. Resistance at 24,450–24,750 remains crucial, while 23,900–24,100 offers support. Analysts recommend selective, stock-specific positioning until