AVENUE SUPERMARTS LTD Chart Analysis

🔹 Time Frame: Monthly

🔹 Current Market Price (CMP): ₹3,686.25

🔹 Market Structure: The stock is in a range-bound structure, with a defined resistance around ₹5,900 and support near ₹3,186. The price is consolidating near the lower boundary of the range, indicating a potential bounce if the support holds or further downside if it breaks below.

🔹 Immediate Bullish Zone Levels:
➤ Support Level 1: ₹3,186-₹3,200 (Key demand zone)
➤ Support Level 2: ₹2,800-₹2,850 (Major support from previous lows)

🔹 Immediate Bearish Zone Levels:
➤ Resistance Level 1: ₹4,000-₹4,100 (Immediate supply zone)
➤ Resistance Level 2: ₹5,900-₹6,000 (Strong resistance from historical highs