The stock witnessed a sharp intraday reversal after hitting a 52-week high. This bearish engulfing setup suggests caution. Immediate support lies at Rs 950. A fresh entry should be considered only above Rs 1,020 with strong volume confirmation.
Resistance (Red Line): Around 1,020, marking recent highs and prior rejection zones.
Support (Green Line): Around 950, aligning with the recent breakout area and historical resistance-turned-support.