Immediate Resistance
₹385–390
₹400–405
₹418–425
Major Resistance
₹440–453 (52-week high zone)
Immediate Support
₹370–372
Strong Support
₹352–355
Major Demand Zone
₹345–348
Trading View
Bullish Scenario
Sustained close above ₹390 can trigger a move toward ₹405, followed by ₹420–425.
A breakout above ₹425 could open the path toward ₹450+ over the medium term.
Bearish Scenario
If ₹370 breaks on strong volume, the stock may decline toward ₹355.
Below ₹352, the next major support is around ₹345.
Swing Trading Plan
Buy Zone: ₹355–372 (only if bullish reversal signals appear)
Breakout Buy: Above ₹390 with strong volume
Stop Loss: Below ₹352
Targets: ₹405 → ₹420 → ₹440
Overall View
The stock remains in a medium-term uptrend, but the recent correction has weakened short-term momentum. For swing traders, waiting for either:
a bounce from the ₹355–372 support zone, or
a confirmed breakout above ₹390
offers a better risk-reward setup than chasing prices in the middle of the range. Recent Q1 business updates showed healthy loan growth, but the market initially reacted negatively, increasing short-term volatility.
₹385–390
₹400–405
₹418–425
Major Resistance
₹440–453 (52-week high zone)
Immediate Support
₹370–372
Strong Support
₹352–355
Major Demand Zone
₹345–348
Trading View
Bullish Scenario
Sustained close above ₹390 can trigger a move toward ₹405, followed by ₹420–425.
A breakout above ₹425 could open the path toward ₹450+ over the medium term.
Bearish Scenario
If ₹370 breaks on strong volume, the stock may decline toward ₹355.
Below ₹352, the next major support is around ₹345.
Swing Trading Plan
Buy Zone: ₹355–372 (only if bullish reversal signals appear)
Breakout Buy: Above ₹390 with strong volume
Stop Loss: Below ₹352
Targets: ₹405 → ₹420 → ₹440
Overall View
The stock remains in a medium-term uptrend, but the recent correction has weakened short-term momentum. For swing traders, waiting for either:
a bounce from the ₹355–372 support zone, or
a confirmed breakout above ₹390
offers a better risk-reward setup than chasing prices in the middle of the range. Recent Q1 business updates showed healthy loan growth, but the market initially reacted negatively, increasing short-term volatility.
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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.