1. Observations from the Chart:
5 EMA, 8 EMA, and 13 EMA are visible:
Price is currently testing the 5 EMA and 8 EMA.
The 200 SMA is not in view, suggesting a focus on short to mid-term trends.
Recent price action shows an attempt to break above resistance.
MACD (8, 13) Indicator:
MACD Line (-4.77) crosses above the Signal Line (-6.01).
This suggests bullish momentum is building.
However, MACD is still in negative territory, meaning the stock is not in a confirmed uptrend yet.
2. Trend Status:
✅ Short-Term Trend: Bullish Attempt (Early Reversal Sign)
✅ Medium-Term Trend: Still Bearish, But Weakening
✅ Long-Term Trend: Needs More Confirmation (Price likely below 200 SMA)
If price holds above 700-720, it could enter an uptrend.
If price rejects 5 EMA and drops below 680, the downtrend resumes.
3. Long-Term Investment Plan (Based on EMA & MACD Analysis)
📌 Ideal Buy Entry (For Long-Term Holding)
The price must close above ₹720-₹725 (confirming trend shift).
5 EMA must stay above 8 EMA and 13 EMA.
MACD should turn positive (above the zero line).
🎯 Profit Targets:
First Target: ₹750
Second Target: ₹800 (Major Resistance)
Final Target: ₹900+ (Long-Term Uptrend Confirmation)
🛑 Stop Loss (Risk Management)
If the price falls below ₹680, exit the position.
If 5 EMA crosses below 8 EMA again, it signals weakness.
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