The stock is trading within a well-defined Darvas Box, with support holding strong around ₹1050 and resistance capped at ₹1160. After forming a solid bottom, today’s price action is showing a strong move with volume, indicating renewed interest.
This consolidation phase has matured, and a breakout above ₹1160 could trigger a significant bullish move. The structure suggests accumulation, and the reaction at ₹1050 further confirms buyer defense.
If the price clears the box, momentum could follow quickly.
Watching closely – breakout could unlock real potential. Not financial advice.
This consolidation phase has matured, and a breakout above ₹1160 could trigger a significant bullish move. The structure suggests accumulation, and the reaction at ₹1050 further confirms buyer defense.
If the price clears the box, momentum could follow quickly.
Watching closely – breakout could unlock real potential. Not financial advice.
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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.
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.