1. Trend Overview (Multi-Timeframe)
Daily (D): Bullish
4H (4-hour): Bullish
1H, 15M, 5M: Bearish
🔎 This suggests a short-term correction or pullback within a longer-term uptrend.
2. Price Action
Current Price: ₹777.50
Recent High Rejection Zones:
₹784.50 – ₹787.00 (resistance)
₹810.10 (resistance)
₹829.00 – ₹835.50 (stronger resistance zone)
Support Zones:
Immediate support: ₹774.00
Next supports: ₹741.00 and ₹731.10
📉 The price is hovering just above a support zone at ₹774.00, having recently rejected from the resistance zone near ₹784.50.
3. Candlestick Patterns & Structure
Lower highs and lower lows are visible in the short-term, confirming the bearish structure on intraday timeframes.
A small consolidation or base building is occurring around ₹774.00, which may act as a launch point for a move in either direction.
4. Key Levels to Watch
Level (INR) Type Implication
784.50–787.00 Resistance Selling pressure seen here
774.00 Support Holding this could trigger bounce
741.00 Support Breakdown target if 774 fails
810.10 Resistance Reversal zone if price recovers
5. Market Bias
Bias: Cautiously Bearish in short term, unless price reclaims and sustains above ₹787.
A break below ₹774 may accelerate selling toward ₹741.
On the other hand, a bounce and break above ₹787 may indicate a short-term reversal back to ₹810.
Daily (D): Bullish
4H (4-hour): Bullish
1H, 15M, 5M: Bearish
🔎 This suggests a short-term correction or pullback within a longer-term uptrend.
2. Price Action
Current Price: ₹777.50
Recent High Rejection Zones:
₹784.50 – ₹787.00 (resistance)
₹810.10 (resistance)
₹829.00 – ₹835.50 (stronger resistance zone)
Support Zones:
Immediate support: ₹774.00
Next supports: ₹741.00 and ₹731.10
📉 The price is hovering just above a support zone at ₹774.00, having recently rejected from the resistance zone near ₹784.50.
3. Candlestick Patterns & Structure
Lower highs and lower lows are visible in the short-term, confirming the bearish structure on intraday timeframes.
A small consolidation or base building is occurring around ₹774.00, which may act as a launch point for a move in either direction.
4. Key Levels to Watch
Level (INR) Type Implication
784.50–787.00 Resistance Selling pressure seen here
774.00 Support Holding this could trigger bounce
741.00 Support Breakdown target if 774 fails
810.10 Resistance Reversal zone if price recovers
5. Market Bias
Bias: Cautiously Bearish in short term, unless price reclaims and sustains above ₹787.
A break below ₹774 may accelerate selling toward ₹741.
On the other hand, a bounce and break above ₹787 may indicate a short-term reversal back to ₹810.
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.