Trend:
The stock is maintaining a strong uptrend, respecting a well-defined ascending trendline that has been acting as dynamic support since early 2024. Higher highs and higher lows confirm bullish market structure.
Support Zones:
Primary demand zone near ₹7,400–₹7,600 aligns with the uptrend line.
Secondary demand zone around ₹6,800–₹7,000, near an open gap, offering strong positional support.
Resistance / Breakout Level:
The price is currently testing the ₹8,150–₹8,200 resistance zone, which aligns with previous equal highs (Eq Highs).
A confirmed breakout above this zone could trigger strong bullish momentum.
Price Action Setup:
The chart shows a tight consolidation just below resistance, indicating accumulation before breakout. If price closes decisively above ₹8,200 with volume, continuation toward ₹9,000–₹9,500 is likely.
Outlook:
As long as the price sustains above the uptrend line and ₹7,600 zone, the bias remains bullish. A clean breakout could mark the start of a new impulse wave
The stock is maintaining a strong uptrend, respecting a well-defined ascending trendline that has been acting as dynamic support since early 2024. Higher highs and higher lows confirm bullish market structure.
Support Zones:
Primary demand zone near ₹7,400–₹7,600 aligns with the uptrend line.
Secondary demand zone around ₹6,800–₹7,000, near an open gap, offering strong positional support.
Resistance / Breakout Level:
The price is currently testing the ₹8,150–₹8,200 resistance zone, which aligns with previous equal highs (Eq Highs).
A confirmed breakout above this zone could trigger strong bullish momentum.
Price Action Setup:
The chart shows a tight consolidation just below resistance, indicating accumulation before breakout. If price closes decisively above ₹8,200 with volume, continuation toward ₹9,000–₹9,500 is likely.
Outlook:
As long as the price sustains above the uptrend line and ₹7,600 zone, the bias remains bullish. A clean breakout could mark the start of a new impulse wave
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.