⚠️ The stock remains in a long-term downtrend, although the major falling trendline has been broken earlier.
📉 The recent rejection near ₹430–440 shows sellers are still active, and the latest bearish candle weakens the short-term structure.
🛡️ Strong Support: ₹360–370 (critical). A weekly close below this zone can drag the stock towards ₹330–340.
🚧 Resistance: ₹430–440, followed by ₹480.
🚀 Breakout Trigger: A weekly close above ₹440 would confirm a trend reversal and could open the path towards ₹480–520.
Verdict 🎯
This is not a high-conviction buy yet. The chart is still trapped between support and resistance after failing near the upper trendline. It's better suited as a watchlist stock than an aggressive entry. Wait for either:
✅ A decisive weekly breakout above ₹440, or
✅ A strong bullish reversal from ₹360–370 with higher volumes.