🔹 Market Structure
Long-term chart shows a multi-year base formation (2013–2020)
Strong structural breakout and trend reversal post-2021
Current price action indicates continuation of long-term uptrend
🔹 Key Levels
🟣 Major Resistance: ₹580 – ₹600
Historical supply zone (visible from prior rejection zone)
Price has retested this zone after years
Currently testing / attempting breakout
🟢 Key Support: ₹520 – ₹540
Recent breakout demand zone
Holding this keeps long-term bullish structure intact
Long-term chart shows a multi-year base formation (2013–2020)
Strong structural breakout and trend reversal post-2021
Current price action indicates continuation of long-term uptrend
🔹 Key Levels
🟣 Major Resistance: ₹580 – ₹600
Historical supply zone (visible from prior rejection zone)
Price has retested this zone after years
Currently testing / attempting breakout
🟢 Key Support: ₹520 – ₹540
Recent breakout demand zone
Holding this keeps long-term bullish structure intact
Trade closed: stop reached
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.
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.