end Analysis
Primary (Long-term) Trend
Downtrend / Distribution phase
Price peaked near ₹680 and has been making lower highs & lower lows
Long-term investors are still selling into rallies
Structure = Bearish to sideways, not a fresh bull trend yet
👉 Long-term trend has NOT reversed.
Intermediate / Short-term Trend
Price is consolidating in a range
Recent move shows weak bounce, not strong accumulation
RSI ~ 38–40 → weak momentum, near oversold but no bullish divergence yet
👉 Short-term trend = Sideways to bearish
key Levels (Very Important)
Support Zones
₹430–45 → Immediate support (currently testing)
₹405–400 → Major demand zone
₹380 → Breakdown danger level
If ₹425 breaks with volume, expect fast fall.
Resistance Zones
₹465–470 → First supply zone
₹495–505 → Strong resistance
₹525–535 → Trend-change zone (only above this bulls gain strength)
Long-Term (3–12 months)
As long as price is below ₹525, long-term view stays neutral to bearish
True bullish reversal only if:
Weekly close above ₹535
Followed by higher low
Long-term upside (only after reversal):
₹580
₹620
₹680 (previous ATH zone)Otherwise, expect:
Long sideways range ₹380–520
Final Verdict
Short-term: Range-bound, trade light & quick
Long-term: Wait for ₹525+ confirmation, otherwise avoid heavy buying
Risk > Reward right now unless you are an active trader
note : this is only for educational purpose not any buy/sell recommendation risk analysis your self
Primary (Long-term) Trend
Downtrend / Distribution phase
Price peaked near ₹680 and has been making lower highs & lower lows
Long-term investors are still selling into rallies
Structure = Bearish to sideways, not a fresh bull trend yet
👉 Long-term trend has NOT reversed.
Intermediate / Short-term Trend
Price is consolidating in a range
Recent move shows weak bounce, not strong accumulation
RSI ~ 38–40 → weak momentum, near oversold but no bullish divergence yet
👉 Short-term trend = Sideways to bearish
key Levels (Very Important)
Support Zones
₹430–45 → Immediate support (currently testing)
₹405–400 → Major demand zone
₹380 → Breakdown danger level
If ₹425 breaks with volume, expect fast fall.
Resistance Zones
₹465–470 → First supply zone
₹495–505 → Strong resistance
₹525–535 → Trend-change zone (only above this bulls gain strength)
Long-Term (3–12 months)
As long as price is below ₹525, long-term view stays neutral to bearish
True bullish reversal only if:
Weekly close above ₹535
Followed by higher low
Long-term upside (only after reversal):
₹580
₹620
₹680 (previous ATH zone)Otherwise, expect:
Long sideways range ₹380–520
Final Verdict
Short-term: Range-bound, trade light & quick
Long-term: Wait for ₹525+ confirmation, otherwise avoid heavy buying
Risk > Reward right now unless you are an active trader
note : this is only for educational purpose not any buy/sell recommendation risk analysis your self
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.
