balu

9 Ara

**Analysis**
1. **Trend**:
The stock shows a significant upward trend starting from June, with a period of consolidation since September.
The current price is around ₹802.60, with some signs of resistance around this level.

2. **Support and Resistance**:
- **Immediate Resistance**: ₹824 (recent high and upper level of consolidation).
Key Supports**:
₹670.15: A strong horizontal support zone.
₹566.55: A deeper support zone that coincides with previous consolidation in August.

3. **Volume**:
A noticeable increase in volume during the August rally indicates strong buying interest.
Reduced volume in the consolidation phase suggests reduced participation, which is typical in such phases.

4. **Next Movement**:
If the stock breaks above ₹824 with strong volume, it could signal the continuation of the uptrend.
On the downside, a break below ₹670 could trigger further correction towards ₹566.

### **Next Possible Targets**
- **Upside**:
-₹900–920: If the stock breaks ₹824, it could aim for ₹900, which is a psychological resistance level.
- **₹980–1000**: Further upward momentum could target the ₹1000 zone.

- **Downside**:
₹670: The first strong support zone in case of a correction.
₹566: A deeper correction level if the broader market sentiment weakens.

### **Recommendation**
Watch for a decisive breakout above ₹824 with strong volume for a bullish move.
Keep an eye on ₹670 for support during any pullback. If this level is breached, it may signal a bearish turn.

no recommendation for buy and sell