✅ Current picture
1. The stock is trading around ₹11,650-11,700 in the NSE market.
2. Weekly indicators show caution: moving averages (20, 50, 100) are above the current price, signalling short‐term weakness.
3. According to weekly pivot‐levels from Moneycontrol:
Resistance around ₹11,865 – ₹12,115 (Classic)
Support around ₹11,501 – ₹11,365
4. Another source gives near-term support ~ ₹11,684 / ₹11,639 / ₹11,587, pivot ~ ₹11,736, resistance ~ ₹11,781 / ₹11,833.
5. Technically the sentiment is “Sell” on short‐term/higher timeframes: e.g., all major moving averages show “Sell” in investing.com.
6. Weekly MACD and RSI are showing mild bearish or neutral signals.
⚠️ Key caveats
These are purely technical levels for the very short term (≈ 1 week) and assume no major news/shock.
Market, sector (cement) and macro conditions (costs, demand) can sharply change the picture.
Strongest moving averages (100/200) are still significantly higher, signalling a broader weakness in trend.
1. The stock is trading around ₹11,650-11,700 in the NSE market.
2. Weekly indicators show caution: moving averages (20, 50, 100) are above the current price, signalling short‐term weakness.
3. According to weekly pivot‐levels from Moneycontrol:
Resistance around ₹11,865 – ₹12,115 (Classic)
Support around ₹11,501 – ₹11,365
4. Another source gives near-term support ~ ₹11,684 / ₹11,639 / ₹11,587, pivot ~ ₹11,736, resistance ~ ₹11,781 / ₹11,833.
5. Technically the sentiment is “Sell” on short‐term/higher timeframes: e.g., all major moving averages show “Sell” in investing.com.
6. Weekly MACD and RSI are showing mild bearish or neutral signals.
⚠️ Key caveats
These are purely technical levels for the very short term (≈ 1 week) and assume no major news/shock.
Market, sector (cement) and macro conditions (costs, demand) can sharply change the picture.
Strongest moving averages (100/200) are still significantly higher, signalling a broader weakness in trend.
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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.
Publikasi terkait
Pernyataan Penyangkalan
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.