Technical Trends Shift to Mildly Bullish

The primary catalyst for the upgrade lies in the technical analysis of Latent View’s stock price movements. The technical grade has shifted from a sideways trend to a mildly bullish stance, signalling a potential stabilisation and modest upward momentum in the near term. Key technical indicators present a mixed but cautiously optimistic picture. The Moving Averages on a daily basis have turned mildly bullish, suggesting short-term price support around the current ₹389.35 level.

Meanwhile, the On-Balance Volume (OBV) indicator remains bullish on both weekly and monthly charts, indicating sustained buying interest from market participants. The…