Target: Rs 4,800
Stop Loss: Rs 4,450

The stock has witnessed a breakout above the 21EMA after a prolonged consolidation phase. On the daily chart, the RSI has turned upwards with a bullish crossover, indicating strengthening momentum. Sustaining above 4,550 could open up further upside towards 4,700–4,800 levels in the near term. On the downside, immediate support is placed at 4,450, below which weakness may resurface.

(Rupak De, Senior Technical Analyst at LKP Securities)