📊 Current Context
Latest NSE price around ₹1,330–₹1,350 range.
🔁 Weekly Technical Levels (Pivot-Derived)
(These are commonly used ranges on weekly charts to identify trend zones)
📌 Key Weekly Support Levels
Primary Support (S1): ~₹1,370–₹1,380 – initial downside pivot support (weekly).
Additional Support Zone: ~₹1,350–₹1,370 – deeper support cluster zone if breaking lower.
Deeper Bearish Support: ₹~1,300 region (below current range) — psychological zone from chart structure and longer cycles.
📌 Key Weekly Resistance Levels
Weekly Resistance (R1): ~₹1,475–₹1,528 – immediate weekly resistance zone.
Secondary Resistance: ~₹1,550–₹1,580+ — broader resistance from recent highs.
Higher Upside Zone: ~₹1,630–₹1,830 — major supply zone (longer-term weekly resistance area).
👉 Pivot Mid-Point: ~₹1,475 serves as a key weekly pivot; above this suggests more bullish weekly bias, while below indicates continuation of short-term corrective pressure.
📉 Weekly Market Structure (Technical Sentiment)
Weekly technical readings from chart ideas suggest bearish bias on weekly timeframe unless key resistances are broken.
Holding above ~₹1,370 can help maintain some support; failure could invite deeper pullbacks.
Break and hold above ~₹1,475–₹1,528 may realign short-term weekly trend towards neutral/bullish.
🧠 Notes for Weekly Decisions
Trend bias: The weekly chart is showing pressure below mid-pivot area (~₹1,475).
Support focus: Strong attention around ~₹1,370 and then psychological lower levels.
Resistance focus: Most important upside hurdles ~₹1,475–₹1,528; above that next cluster ~₹1,550+.
Volume, macro trend, and NSE broader trend also influence the weekly structure.
⚠️ This is not investment advice — technical levels are for monitoring trends and possible reactions on weekly charts, and actual price can vary with market conditions.
Latest NSE price around ₹1,330–₹1,350 range.
🔁 Weekly Technical Levels (Pivot-Derived)
(These are commonly used ranges on weekly charts to identify trend zones)
📌 Key Weekly Support Levels
Primary Support (S1): ~₹1,370–₹1,380 – initial downside pivot support (weekly).
Additional Support Zone: ~₹1,350–₹1,370 – deeper support cluster zone if breaking lower.
Deeper Bearish Support: ₹~1,300 region (below current range) — psychological zone from chart structure and longer cycles.
📌 Key Weekly Resistance Levels
Weekly Resistance (R1): ~₹1,475–₹1,528 – immediate weekly resistance zone.
Secondary Resistance: ~₹1,550–₹1,580+ — broader resistance from recent highs.
Higher Upside Zone: ~₹1,630–₹1,830 — major supply zone (longer-term weekly resistance area).
👉 Pivot Mid-Point: ~₹1,475 serves as a key weekly pivot; above this suggests more bullish weekly bias, while below indicates continuation of short-term corrective pressure.
📉 Weekly Market Structure (Technical Sentiment)
Weekly technical readings from chart ideas suggest bearish bias on weekly timeframe unless key resistances are broken.
Holding above ~₹1,370 can help maintain some support; failure could invite deeper pullbacks.
Break and hold above ~₹1,475–₹1,528 may realign short-term weekly trend towards neutral/bullish.
🧠 Notes for Weekly Decisions
Trend bias: The weekly chart is showing pressure below mid-pivot area (~₹1,475).
Support focus: Strong attention around ~₹1,370 and then psychological lower levels.
Resistance focus: Most important upside hurdles ~₹1,475–₹1,528; above that next cluster ~₹1,550+.
Volume, macro trend, and NSE broader trend also influence the weekly structure.
⚠️ This is not investment advice — technical levels are for monitoring trends and possible reactions on weekly charts, and actual price can vary with market conditions.
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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.
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.