✅ Current Price & Broad Trend
1. Latest publicly quoted price: around ₹5,916–₹5,923.
2. On a daily/mid‑term view, most technical indicators remain bullish: moving averages (50‑day, 200‑day) are supportive, and technical‑rating screens (on several platforms) show a “Strong Buy”.
📌 What it means on 1‑hour chart / near term
As long as price stays above the pivot (~₹5,872), the near‑term bias remains slightly bullish / range‑to‑upside.
A dip toward ~₹5,870–₹5,820 could act as a buyable support, while the ~₹5,730–₹5,820 zone is more “secondary buffer.”
On upside — a clear break above ~₹6,015–₹6,020 could target ₹6,100–₹6,200+ (near 52‑week high zone).
If price falls below ~₹5,820 decisively, then the risk increases of a deeper pullback toward ~₹5,730 or lower — but that’s a deeper intraday/swing‑trade scenario, not a baseline expectation.
1. Latest publicly quoted price: around ₹5,916–₹5,923.
2. On a daily/mid‑term view, most technical indicators remain bullish: moving averages (50‑day, 200‑day) are supportive, and technical‑rating screens (on several platforms) show a “Strong Buy”.
📌 What it means on 1‑hour chart / near term
As long as price stays above the pivot (~₹5,872), the near‑term bias remains slightly bullish / range‑to‑upside.
A dip toward ~₹5,870–₹5,820 could act as a buyable support, while the ~₹5,730–₹5,820 zone is more “secondary buffer.”
On upside — a clear break above ~₹6,015–₹6,020 could target ₹6,100–₹6,200+ (near 52‑week high zone).
If price falls below ~₹5,820 decisively, then the risk increases of a deeper pullback toward ~₹5,730 or lower — but that’s a deeper intraday/swing‑trade scenario, not a baseline expectation.
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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.