✅The stock has been in a downtrend, forming lower highs and lower lows, indicating bearish momentum. However, it is currently testing a key support level near the 200 EMA, which often acts as a significant level for potential reversals. The 200 EMA, combined with the horizontal support, creates a critical zone where the stock could either bounce back or break down further.
✅The area around ₹210-₹220 has acted as a strong support level, preventing the stock from declining further. The confluence of the 200 EMA and the horizontal support makes this an important level to watch for potential bullish reversal signals.
✅The area around ₹210-₹220 has acted as a strong support level, preventing the stock from declining further. The confluence of the 200 EMA and the horizontal support makes this an important level to watch for potential bullish reversal signals.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.