Current Zone: ₹349–351
🟢 Support Levels
S1: ₹348
S2: ₹342–344
Major Support: ₹335–338
🔴 Resistance Levels
R1: ₹355–358
R2: ₹365–370
Major Resistance: ₹382–385
Trading View
Bullish Scenario
A sustained close above ₹358 can trigger a move towards ₹370, followed by ₹382–385.
Bearish Scenario
If ₹348 breaks on strong volume, the next downside targets are ₹342 and ₹335.
Swing Trading Plan
Buy Zone: ₹342–348 (only if bullish reversal candles or strong buying volume appear)
Breakout Buy: Above ₹358
Target 1: ₹370
Target 2: ₹382
Stop Loss: Below ₹340 (or below the breakout candle for breakout trades)
Trend Summary
Short-term: Bearish
Medium-term: Neutral to Bearish
Momentum: Weak; RSI and moving averages continue to indicate selling pressure.
🟢 Support Levels
S1: ₹348
S2: ₹342–344
Major Support: ₹335–338
🔴 Resistance Levels
R1: ₹355–358
R2: ₹365–370
Major Resistance: ₹382–385
Trading View
Bullish Scenario
A sustained close above ₹358 can trigger a move towards ₹370, followed by ₹382–385.
Bearish Scenario
If ₹348 breaks on strong volume, the next downside targets are ₹342 and ₹335.
Swing Trading Plan
Buy Zone: ₹342–348 (only if bullish reversal candles or strong buying volume appear)
Breakout Buy: Above ₹358
Target 1: ₹370
Target 2: ₹382
Stop Loss: Below ₹340 (or below the breakout candle for breakout trades)
Trend Summary
Short-term: Bearish
Medium-term: Neutral to Bearish
Momentum: Weak; RSI and moving averages continue to indicate selling pressure.
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.