The stock is currently consolidating near a critical support zone around ₹323-₹317, which has acted as a strong demand area. A strict stop-loss below ₹311 is recommended for risk management.
A breakout above the descending trendline resistance could trigger a bullish rally, targeting levels of ₹400, ₹500, and eventually ₹600+ in the coming weeks. The price structure suggests a higher low formation, indicating potential trend reversal.
📌 Key Levels to Watch:
Support: ₹323-₹317
Resistance: ₹360-₹380 (trendline breakout zone)
Target: ₹400 / ₹500 / ₹600+
Stop-Loss: Below ₹311
⚠️ Disclaimer: This is for educational purposes only. Do your own research before making any trading decisions.
A breakout above the descending trendline resistance could trigger a bullish rally, targeting levels of ₹400, ₹500, and eventually ₹600+ in the coming weeks. The price structure suggests a higher low formation, indicating potential trend reversal.
📌 Key Levels to Watch:
Support: ₹323-₹317
Resistance: ₹360-₹380 (trendline breakout zone)
Target: ₹400 / ₹500 / ₹600+
Stop-Loss: Below ₹311
⚠️ Disclaimer: This is for educational purposes only. Do your own research before making any trading decisions.
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.