The stock is currently trading near ₹1,322 and is once again testing the long-term descending trendline resistance that has capped every rally since 2023. This resistance lies in the ₹1,345–₹1,348 zone and represents the key decision point for the next move.
Bullish Scenario (if breakout holds)
First method of calculation: ₹1,379.70, 1398.25, 1415-1421 → derived from prior swing highs.
Second method: ₹1,705→ based on a range of neckline to head of inverted head & shoulder. This is not a valid setup.
Third method: ₹1,472, 1,530, 1585→ calculated as fib extension levels.
Bearish Scenario (if rejection occurs)
Support: ₹1284, 1245, 1200 as immediate downside levels.
Momentum
RSI is around 58, showing a bullish curve without overbought conditions, suggesting momentum supports an upside breakout.
Bullish Scenario (if breakout holds)
First method of calculation: ₹1,379.70, 1398.25, 1415-1421 → derived from prior swing highs.
Second method: ₹1,705→ based on a range of neckline to head of inverted head & shoulder. This is not a valid setup.
Third method: ₹1,472, 1,530, 1585→ calculated as fib extension levels.
Bearish Scenario (if rejection occurs)
Support: ₹1284, 1245, 1200 as immediate downside levels.
Momentum
RSI is around 58, showing a bullish curve without overbought conditions, suggesting momentum supports an upside breakout.
absoluteanalysis.in
whatsapp channel: whatsapp.com/channel/0029VanXIFTAzNbzxU4hF62L
whatsapp channel: whatsapp.com/channel/0029VanXIFTAzNbzxU4hF62L
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.