📊 Key Technical Levels
Current price: ~ ₹22.70 (approx) per share.
52-week range: Low ~ ₹16.02, High ~ ₹24.30.
Recent support zone: around ₹22.00–₹22.50 appears to be a floor (given recent trades near ₹22.70)
Immediate resistance: near the recent highs ~ ₹24.00-₹24.30
If the price falls, next support might be around ₹20.50–₹21.00, given the lower circuit band was ~ ₹20.36.
✅ Short-term trading scenario
Bullish scenario: Enter (or hold) around ₹22.70 if momentum is positive and target ~₹25 with a stop-loss around ₹21.50.
Bearish scenario: If it breaks down below ~₹22.00 decisively, look for stop-loss trigger and potential target ~₹20.50 or lower.
Risk management is key: Because the price is relatively low and volatility can be higher, ensure stop-loss and position sizing are in line with your risk tolerance.
Current price: ~ ₹22.70 (approx) per share.
52-week range: Low ~ ₹16.02, High ~ ₹24.30.
Recent support zone: around ₹22.00–₹22.50 appears to be a floor (given recent trades near ₹22.70)
Immediate resistance: near the recent highs ~ ₹24.00-₹24.30
If the price falls, next support might be around ₹20.50–₹21.00, given the lower circuit band was ~ ₹20.36.
✅ Short-term trading scenario
Bullish scenario: Enter (or hold) around ₹22.70 if momentum is positive and target ~₹25 with a stop-loss around ₹21.50.
Bearish scenario: If it breaks down below ~₹22.00 decisively, look for stop-loss trigger and potential target ~₹20.50 or lower.
Risk management is key: Because the price is relatively low and volatility can be higher, ensure stop-loss and position sizing are in line with your risk tolerance.
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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.