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The stock managed to advance 1.7 per cent in the midst of choppiness. It took support at around the key base level of ₹912 and rebounded. The stock is now moving in a sideways range and faces a key resistance at ₹970. To strengthen the bullish momentum, the stock must breakthrough this level for a rally to ₹990 or ₹1,010 in the short term. On the other hand, any declinescan find support at ₹925 or even at ₹912 where the 200-day moving average hovers. The stock needs to decisively move above ₹970 or decline below ₹912 levels to get a clear direction on its short/medium-term directions. The indicators in the daily chart are showing mixed signals. Traders with a short-term view should tread with caution in the upcoming week. Important supports below ₹912 are at ₹900 and ₹880 levels.
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