📊 Price Action Recap
ATH: ₹681 → 51% correction
Sharp rebound: +228 pts (~51%) from Fibo 0.61 retracement
Structure: Stock is testing resistance near ₹700
⚡ Upcoming Trigger: 1:5 stock split (record date Sept 22)
Scenarios:
1️⃣ Post-split consolidation near resistance
2️⃣ Breakout above ₹700, starting a new upward leg
📌 Key Levels:
Support: 0.61 Fibonacci retracement zone
Resistance: ₹700–₹710
👉 Post-split price action will be crucial – watch liquidity and volume around resistance
ATH: ₹681 → 51% correction
Sharp rebound: +228 pts (~51%) from Fibo 0.61 retracement
Structure: Stock is testing resistance near ₹700
⚡ Upcoming Trigger: 1:5 stock split (record date Sept 22)
Scenarios:
1️⃣ Post-split consolidation near resistance
2️⃣ Breakout above ₹700, starting a new upward leg
📌 Key Levels:
Support: 0.61 Fibonacci retracement zone
Resistance: ₹700–₹710
👉 Post-split price action will be crucial – watch liquidity and volume around resistance
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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.