๐ Current approximate price: around โน2,800โโน2,830 on NSE at latest close.
๐ Weekly Time-Frame Key Levels
๐ฅ Resistance Levels (Upside Zones)
Immediate weekly resistance: ~โน2,700โโน2,710 โ first hurdle above current price on weekly candles.
Next resistance: ~โน2,750โโน2,800 zone โ if weekly closes above โน2,700 area, bulls target this.
Higher breakout area: ~โน2,850โโน2,900 โ next range of selling interest above the prior highs.
๐ก So weekly up move usually needs a weekly candle close above ~โน2,700โโน2,710 to extend gains.
๐ Support Levels (Downside Zones)
First support: ~โน2,620โโน2,630 โ short-term weekly support zone.
Lower support: ~โน2,490 โ next zone if price loses the above support.
Strong support / base area: ~โน2,380โโน2,340 โ deeper weekly support below ~โน2,490.
โก๏ธ If price closes below ~โน2,620 on weekly, risk increases toward โน2,490 and โน2,380 supports.
๐ Weekly Trading Interpretation
Bullish Case (if Weekly Holds/Closes Above):
Above โน2,700โโน2,710 weekly โ potential squeeze toward โน2,750โโน2,800 then โน2,850โโน2,900+.
Bearish Case (if Weekly Breaks Below):
Weekly close below โน2,620 opens downside toward โน2,490 then โน2,380โโน2,340.
Neutral/Range:
Between โน2,620 โ โน2,700, expect choppy sideways movement.
๐ Weekly Time-Frame Key Levels
๐ฅ Resistance Levels (Upside Zones)
Immediate weekly resistance: ~โน2,700โโน2,710 โ first hurdle above current price on weekly candles.
Next resistance: ~โน2,750โโน2,800 zone โ if weekly closes above โน2,700 area, bulls target this.
Higher breakout area: ~โน2,850โโน2,900 โ next range of selling interest above the prior highs.
๐ก So weekly up move usually needs a weekly candle close above ~โน2,700โโน2,710 to extend gains.
๐ Support Levels (Downside Zones)
First support: ~โน2,620โโน2,630 โ short-term weekly support zone.
Lower support: ~โน2,490 โ next zone if price loses the above support.
Strong support / base area: ~โน2,380โโน2,340 โ deeper weekly support below ~โน2,490.
โก๏ธ If price closes below ~โน2,620 on weekly, risk increases toward โน2,490 and โน2,380 supports.
๐ Weekly Trading Interpretation
Bullish Case (if Weekly Holds/Closes Above):
Above โน2,700โโน2,710 weekly โ potential squeeze toward โน2,750โโน2,800 then โน2,850โโน2,900+.
Bearish Case (if Weekly Breaks Below):
Weekly close below โน2,620 opens downside toward โน2,490 then โน2,380โโน2,340.
Neutral/Range:
Between โน2,620 โ โน2,700, expect choppy sideways movement.
WhatsApp:
Contact -
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Contact -
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Related publications
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.
WhatsApp:
Contact -
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Contact -
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Related publications
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.
