the price sits at ₹78,189, holding above the key support zone of ₹77,800–₹78,000. Candlesticks are narrowing, indicating reduced volatility and a possible breakout buildup.
If bulls reclaim ₹78,800 with strong volume, we may see a retest of ₹79,500 and possibly ₹80,000.
However, a fall below ₹77,800 will weaken the structure, risking a drop to ₹76,800.
In summary, the market is in a neutral-to-slightly bullish consolidation, and traders should watch for breakout or breakdown signals from the current tight range.
If bulls reclaim ₹78,800 with strong volume, we may see a retest of ₹79,500 and possibly ₹80,000.
However, a fall below ₹77,800 will weaken the structure, risking a drop to ₹76,800.
In summary, the market is in a neutral-to-slightly bullish consolidation, and traders should watch for breakout or breakdown signals from the current tight range.
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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.