Devyani International Ltd – Technical View
Timeframe: Daily
The stock has been in a prolonged downtrend, but recent price action shows a short-term pullback from the lower Bollinger Band with improving volumes. Price is attempting to move back above the 20-DMA, indicating early recovery signals, though the broader trend is still range-bound to weak.
🔑 Key Levels
Immediate Resistance: ₹148 – ₹152
Major Resistance: ₹165 – ₹170
Support Zone: ₹136 – ₹132
Lower Support: ₹125
📉 Outlook
Sustaining above ₹152 can lead to further upside towards ₹165 / ₹170.
Failure to hold ₹136 may bring renewed selling pressure towards ₹132 / ₹125.
Strong trend confirmation only on a decisive close above ₹170 with volume.
⚠️ Educational view only. Not a buy/sell recommendation.
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