The resistance zone at the top marks a level near 4,000 INR where the price has struggled to rise above and often reverses whenever it nears this point. The support zone at the bottom is around 2,000 INR, where the price generally stops falling and tends to bounce back up. This range between support and resistance acts like a boundary, with prices moving up and down inside it. The colored bars below the chart show trading volume each week—for example, higher bars indicate more shares traded during those periods. Overall, the chart suggests the stock is currently closer to the support zone, so traders watch to see if the price will bounce upward again or break below support for a new trend.
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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.