✅ Important Levels
From the pivot-point and support/resistance calculations:
Pivot (Classic) ≈ ₹ 2,448.43
Resistance levels: ≈ ₹ 2,466.16 (R1) / ₹ 2,493.93 (R2)
Support levels: ≈ ₹ 2,420.66 (S1) / ₹ 2,402.93 (S2)
🧭 What to watch in the near term
a) If price breaks above ₹2,466-2,493 and holds above, that could shift bias upward and open a test of higher resistance levels.
b) If price slips below ₹2,420-2,402, further downside risk is likely, and next support zones would become relevant.
c) Given the bearish MA structure and weak momentum, the path of least resistance right now appears downward (unless strong buying emerges).
From the pivot-point and support/resistance calculations:
Pivot (Classic) ≈ ₹ 2,448.43
Resistance levels: ≈ ₹ 2,466.16 (R1) / ₹ 2,493.93 (R2)
Support levels: ≈ ₹ 2,420.66 (S1) / ₹ 2,402.93 (S2)
🧭 What to watch in the near term
a) If price breaks above ₹2,466-2,493 and holds above, that could shift bias upward and open a test of higher resistance levels.
b) If price slips below ₹2,420-2,402, further downside risk is likely, and next support zones would become relevant.
c) Given the bearish MA structure and weak momentum, the path of least resistance right now appears downward (unless strong buying emerges).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.