1. Price Action & Levels
• CMP (Current Market Price): ₹143.92
• Stock recently had a sharp gap-down fall with heavy volumes, indicating strong selling pressure.
• After the fall, it stabilized around ₹140–141 zone, which is acting as immediate support.
• Next supports: ₹141 → ₹135 → ₹120
• Resistance zones: ₹150–155 → ₹175 → ₹200
Currently, the stock is attempting a pullback rally after the big fall.
⸻
2. RSI (Relative Strength Index – 14)
• RSI is around 40–42, recovering from deeply oversold levels (<30).
• Positive divergence was visible earlier (RSI made a higher low while price made a lower low).
• This suggests short-term bullish momentum may continue, but RSI is still below 50, so trend is not yet strongly bullish.
⸻
3. MACD (12,26,9)
• MACD is showing a bullish crossover below the zero line.
• Histogram turning positive → momentum is shifting upward.
• However, still in the negative territory, so this is more of a pullback than a confirmed uptrend.
⸻
4. Volume
• The big fall was accompanied by very high volume, confirming institutional selling.
• Recent green candles are on moderate volume, showing buyers are coming back but not strongly yet.
• Watch for volume confirmation on breakout above resistance levels (₹150–155).
⸻
5. Overall Analysis
• The stock had a breakdown and gap-down due to strong negative sentiment.
• Indicators suggest a short-term pullback rally is in play, supported by bullish divergence in RSI and MACD crossover.
• However, long-term trend is still weak until the stock reclaims ₹175–180 levels convincingly.
⸻
✅ Bullish View (short-term traders):
• If it sustains above ₹141 support, it can move to ₹150–155 zone.
• If ₹155 breaks with volume, next target is ₹175.
❌ Bearish Risk (positional investors):
• If it breaks below ₹141, expect further downside towards ₹135–120 zone.
⸻
📌 Conclusion:
• Currently, this looks like a short-term pullback rally after a heavy sell-off.
• Trend remains weak to neutral unless it crosses ₹175.
• Safe traders may wait for either a dip near ₹141–135 or a breakout above ₹155 for confirmation.
• CMP (Current Market Price): ₹143.92
• Stock recently had a sharp gap-down fall with heavy volumes, indicating strong selling pressure.
• After the fall, it stabilized around ₹140–141 zone, which is acting as immediate support.
• Next supports: ₹141 → ₹135 → ₹120
• Resistance zones: ₹150–155 → ₹175 → ₹200
Currently, the stock is attempting a pullback rally after the big fall.
⸻
2. RSI (Relative Strength Index – 14)
• RSI is around 40–42, recovering from deeply oversold levels (<30).
• Positive divergence was visible earlier (RSI made a higher low while price made a lower low).
• This suggests short-term bullish momentum may continue, but RSI is still below 50, so trend is not yet strongly bullish.
⸻
3. MACD (12,26,9)
• MACD is showing a bullish crossover below the zero line.
• Histogram turning positive → momentum is shifting upward.
• However, still in the negative territory, so this is more of a pullback than a confirmed uptrend.
⸻
4. Volume
• The big fall was accompanied by very high volume, confirming institutional selling.
• Recent green candles are on moderate volume, showing buyers are coming back but not strongly yet.
• Watch for volume confirmation on breakout above resistance levels (₹150–155).
⸻
5. Overall Analysis
• The stock had a breakdown and gap-down due to strong negative sentiment.
• Indicators suggest a short-term pullback rally is in play, supported by bullish divergence in RSI and MACD crossover.
• However, long-term trend is still weak until the stock reclaims ₹175–180 levels convincingly.
⸻
✅ Bullish View (short-term traders):
• If it sustains above ₹141 support, it can move to ₹150–155 zone.
• If ₹155 breaks with volume, next target is ₹175.
❌ Bearish Risk (positional investors):
• If it breaks below ₹141, expect further downside towards ₹135–120 zone.
⸻
📌 Conclusion:
• Currently, this looks like a short-term pullback rally after a heavy sell-off.
• Trend remains weak to neutral unless it crosses ₹175.
• Safe traders may wait for either a dip near ₹141–135 or a breakout above ₹155 for confirmation.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.