The structure suggests a completed Wave 4 correction at 0.5–0.618 Fibonacci retracement, setting up for the final Wave 5 leg. A bullish reversal is underway, supported by improving RSI and rising volume.
Key Levels:
Support: ₹603, ₹500, ₹465
Resistance: ₹725 (Fib), then new highs
RSI at 42.6 shows early bullish momentum. A weekly close above ₹725 could confirm Wave 5 ignition toward potential new highs.
Bias: Bullish | Wave 5 in Progress
Key Levels:
Support: ₹603, ₹500, ₹465
Resistance: ₹725 (Fib), then new highs
RSI at 42.6 shows early bullish momentum. A weekly close above ₹725 could confirm Wave 5 ignition toward potential new highs.
Bias: Bullish | Wave 5 in Progress
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.