Current Situation:
Trading at ₨683.15, up 6.74%, showing recovery from recent lows but still in a downtrend.
Key Observations:
Trend: Clear downtrend from the 1,160+ peak. The stock has been making lower highs and lower lows since mid-2024
Recent Action: Sharp selloff from 925 resistance zone, found support around 595-605 (blue zone) and now bouncing
Support Zones:
Immediate: 645-655 (current consolidation)
Strong: 595-605 (blue zone - recent low, tested and held)
Major: 565-575 and 505-515 (deeper demand zones)
Resistance Zones:
Immediate: 735-765 (brown zone)
Major: 875-925 (upper brown zone - previous breakdown area)
Volume: Low volume on recent bounce suggests weak buying conviction
Buying Levels:
Best Entry: 595-610 if price retests the recent low with bullish reversal (hammer/engulfing pattern)
Current Risk: 670-680 - risky as it's mid-range; needs confirmation above 700
Breakout Play: Above 740 with volume confirms strength toward 765-800
Caution: The overall structure remains bearish. Any entry should have tight stop-loss below 590.
Targets: 735-765 (short-term), 800+ if momentum builds.
Trading at ₨683.15, up 6.74%, showing recovery from recent lows but still in a downtrend.
Key Observations:
Trend: Clear downtrend from the 1,160+ peak. The stock has been making lower highs and lower lows since mid-2024
Recent Action: Sharp selloff from 925 resistance zone, found support around 595-605 (blue zone) and now bouncing
Support Zones:
Immediate: 645-655 (current consolidation)
Strong: 595-605 (blue zone - recent low, tested and held)
Major: 565-575 and 505-515 (deeper demand zones)
Resistance Zones:
Immediate: 735-765 (brown zone)
Major: 875-925 (upper brown zone - previous breakdown area)
Volume: Low volume on recent bounce suggests weak buying conviction
Buying Levels:
Best Entry: 595-610 if price retests the recent low with bullish reversal (hammer/engulfing pattern)
Current Risk: 670-680 - risky as it's mid-range; needs confirmation above 700
Breakout Play: Above 740 with volume confirms strength toward 765-800
Caution: The overall structure remains bearish. Any entry should have tight stop-loss below 590.
Targets: 735-765 (short-term), 800+ if momentum builds.
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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.