- Discussion
Price rejected from trendline resistance near 11800 – 11900.
Clear lower highs forming – short term downtrend still intact.
Demand zone visible between 11200-11400, if this zone breaks, downside towards 10950, then 10300 possible.
Price below all EMAs (20/50/200), showing bearish pressure.
Trendline resistance intact – price couldn’t sustain above 11800.
RSI: 47 – weak momentum, no bullish divergence yet.
🚀 Buy If:
* Price holds 11200-11400 zone with bullish reversal candle.
* RSI confirms reversal above 50.
* Entry: 11400-11500 (confirmation)
* SL: 11100
* Target 1: 11800
*Target 2: 12250
⚔ Sell if:
* 11200 breaks with heavy volume.
* Entry: 11180
* SL: 11400
* Target 1: 10950
* Target 2: 10300
Result View:
Negatives:
* Net Profit down 4.3% YoY to Rs.3711 Cr. (missed estimates)
* Margins dropped from 10.8% ( 8.7% due to high discounting and EV launch expenses)
* Expenses surged 8.7% YoY – rising Other Expenses a red flag
Positives:
* Revenue grew 5.9% YoY, thanks to SUV segment
* Dividend of Rs.135/share declared.
* Long term EV roadmap intact.
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