Pattern Formed: A potential Double Bottom is forming around ₹445 zone – a classic reversal pattern indicating exhaustion of selling pressure.
🔍 Support Zone: ₹443–₹445 has been respected twice — making it a significant demand zone.
📊 Volume: Slight rise in recent candles with green strength, supporting buyers’ return.
📈 RSI Analysis: RSI has crossed above 50 (currently at ~57) — indicating building momentum from oversold region.
🎯 Levels to Watch:
• Immediate Resistance: ₹520
• Breakout Confirmation Above: ₹520–₹530
• Targets Post-Breakout: ₹580 / ₹620
• Invalidation/SL Zone: Below ₹440 on closing basis
💡 Strategy:
🔹 Breakout traders can watch ₹520+ levels with volume confirmation.
🔹 Swing traders may consider entries on retest or pullback post breakout.
⸻
⚠️ Professional Disclaimer:
This analysis is shared purely for educational purposes and is not a buy/sell recommendation.
Please consult your SEBI-registered financial advisor before making any investment decision.
📌 SEBI Research Analyst Registration – In Progress
Finsight Research | #LearnBeforeYouEarn
🔍 Support Zone: ₹443–₹445 has been respected twice — making it a significant demand zone.
📊 Volume: Slight rise in recent candles with green strength, supporting buyers’ return.
📈 RSI Analysis: RSI has crossed above 50 (currently at ~57) — indicating building momentum from oversold region.
🎯 Levels to Watch:
• Immediate Resistance: ₹520
• Breakout Confirmation Above: ₹520–₹530
• Targets Post-Breakout: ₹580 / ₹620
• Invalidation/SL Zone: Below ₹440 on closing basis
💡 Strategy:
🔹 Breakout traders can watch ₹520+ levels with volume confirmation.
🔹 Swing traders may consider entries on retest or pullback post breakout.
⸻
⚠️ Professional Disclaimer:
This analysis is shared purely for educational purposes and is not a buy/sell recommendation.
Please consult your SEBI-registered financial advisor before making any investment decision.
📌 SEBI Research Analyst Registration – In Progress
Finsight Research | #LearnBeforeYouEarn
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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.