📊 Current Snapshot
Current Price: ₹24,976 - ₹25,006
Day’s Range (4H): ₹24,945 – ₹25,008
Previous Close: ₹24,973
Opening Price (4H): ₹24,991
Volume: Moderate
🔑 Key Support & Resistance Levels
Immediate Support: ₹24,945
Next Support: ₹24,900
Immediate Resistance: ₹25,008
Next Resistance: ₹25,050
📈 Trend & Indicators
Trend: Neutral to mildly bullish; trading near 50-hour and 200-hour moving averages.
RSI (14): 61 – Neutral zone.
MACD: Positive → indicating mild bullish momentum.
Moving Averages: Short-term averages suggest neutral to slightly bullish outlook.
🔮 Outlook
Bullish Scenario: Break above ₹25,008 with strong volume could target ₹25,050.
Bearish Scenario: Drop below ₹24,945 may lead to further decline toward ₹24,900.
Neutral Scenario: Consolidation between ₹24,945 – ₹25,008; breakout needed for directional move.
📌 Key Factors to Watch
Overall market sentiment.
Economic indicators: interest rates, inflation, RBI updates.
Global cues: US indices, crude oil, and currency movements.
Current Price: ₹24,976 - ₹25,006
Day’s Range (4H): ₹24,945 – ₹25,008
Previous Close: ₹24,973
Opening Price (4H): ₹24,991
Volume: Moderate
🔑 Key Support & Resistance Levels
Immediate Support: ₹24,945
Next Support: ₹24,900
Immediate Resistance: ₹25,008
Next Resistance: ₹25,050
📈 Trend & Indicators
Trend: Neutral to mildly bullish; trading near 50-hour and 200-hour moving averages.
RSI (14): 61 – Neutral zone.
MACD: Positive → indicating mild bullish momentum.
Moving Averages: Short-term averages suggest neutral to slightly bullish outlook.
🔮 Outlook
Bullish Scenario: Break above ₹25,008 with strong volume could target ₹25,050.
Bearish Scenario: Drop below ₹24,945 may lead to further decline toward ₹24,900.
Neutral Scenario: Consolidation between ₹24,945 – ₹25,008; breakout needed for directional move.
📌 Key Factors to Watch
Overall market sentiment.
Economic indicators: interest rates, inflation, RBI updates.
Global cues: US indices, crude oil, and currency movements.
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.
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.