Uptrend Phase (April 3 Afternoon):
During the mid-session on April 3, the exhibited bullish momentum, climbing steadily with a series of green candles and relatively higher volume bars. This indicates strong buying interest during that window, likely supported by technical support or institutional inflow.
Sharp Sell-off Spike:
Toward the close of April 3, a sharp red candlestick broke the uptrend, followed by subsequent red candles with high volume. This correction phase indicates possible profit-booking or response to macro news flow.
Early April 4 Rebound:
The beginning of the April 4 session showed signs of recovery from the previous dip. The stock dropped to ₹126.45 briefly but saw a quick rebound with increased volume. The price climbed back to ₹127.15, hinting at short-term buying support near ₹126.50.
Volume Analysis:
Noticeably higher volumes were recorded during both the sell-off and recovery phases, suggesting active participation by traders. A green volume bar during the morning rebound adds weight to bullish reversal expectations in the near term.
Technical Takeaway: Support is seen near ₹126.40, while resistance lies close to ₹128.20. A breakout above ₹128.50 could trigger short-term bullish momentum, whereas sustained trade below ₹126.20 may invite selling pressure.
