Trend
Short-term: Neutral to Bearish (trading below 50-DMA)
Medium-term: Sideways
Long-term: Positive as long as ₹420 holds.
Key Support Levels
S1: ₹425–428
S2: ₹418–420 (Strong Demand Zone)
S3: ₹410–412
Key Resistance Levels
R1: ₹435–438
R2: ₹445–448
R3: ₹460–465 (Major Breakout Zone)
Trading Plan
Bullish Setup
Buy above ₹438 on strong volume.
Targets: ₹448 → ₹460 → ₹475
Stop Loss: ₹428
Bearish Setup
If price closes below ₹420
Targets: ₹412 → ₹405
Stop Loss: ₹428
Swing Trading View
Above ₹438: Bullish momentum likely.
₹420–438: Range-bound; wait for breakout.
Below ₹420: Weakness may continue.
Indicators
RSI is near the neutral zone after recovering from oversold levels.
Price remains below several medium-term moving averages, so confirmation above ₹438–445 would strengthen the trend.
Overall View
Bias: Neutral with bullish potential above ₹438.
Strong accumulation zone: ₹420–425
Major breakout level: ₹460–465
Positional target after breakout: ₹490+
Short-term: Neutral to Bearish (trading below 50-DMA)
Medium-term: Sideways
Long-term: Positive as long as ₹420 holds.
Key Support Levels
S1: ₹425–428
S2: ₹418–420 (Strong Demand Zone)
S3: ₹410–412
Key Resistance Levels
R1: ₹435–438
R2: ₹445–448
R3: ₹460–465 (Major Breakout Zone)
Trading Plan
Bullish Setup
Buy above ₹438 on strong volume.
Targets: ₹448 → ₹460 → ₹475
Stop Loss: ₹428
Bearish Setup
If price closes below ₹420
Targets: ₹412 → ₹405
Stop Loss: ₹428
Swing Trading View
Above ₹438: Bullish momentum likely.
₹420–438: Range-bound; wait for breakout.
Below ₹420: Weakness may continue.
Indicators
RSI is near the neutral zone after recovering from oversold levels.
Price remains below several medium-term moving averages, so confirmation above ₹438–445 would strengthen the trend.
Overall View
Bias: Neutral with bullish potential above ₹438.
Strong accumulation zone: ₹420–425
Major breakout level: ₹460–465
Positional target after breakout: ₹490+
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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.