Currently, the price hovers near ₹78,489, slightly below the ₹78,800 resistance. If bulls can decisively break above ₹78,800 and hold, the next resistance targets are clearly demarcated at:
₹79,500 — minor resistance and previous support-turned-resistance.
₹80,000 — psychological round level and a previous top.
Failure to break ₹78,800 again may trigger a minor pullback to the ₹77,800 support zone, which has held well multiple times in the past few sessions.
The recent formation of higher lows and higher highs signals a short-term bullish structure.
Traders may look for a breakout and retest of ₹78,800 for fresh longs with targets near ₹79,500 and ₹80,000. On the downside, ₹77,800 remains key support to watch.
₹79,500 — minor resistance and previous support-turned-resistance.
₹80,000 — psychological round level and a previous top.
Failure to break ₹78,800 again may trigger a minor pullback to the ₹77,800 support zone, which has held well multiple times in the past few sessions.
The recent formation of higher lows and higher highs signals a short-term bullish structure.
Traders may look for a breakout and retest of ₹78,800 for fresh longs with targets near ₹79,500 and ₹80,000. On the downside, ₹77,800 remains key support to watch.
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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.