📊 Weekly Support & Resistance Levels
(derived from weekly pivot point calculations)
Weekly Pivot Point Levels:
Pivot (Mid‑point): ~₹124.44 — major equilibrium level for the week.
Weekly Resistance Levels:
R1: ~₹130.60
R2: ~₹136.59
R3: ~₹142.75
(above these, next targets if momentum turns bullish)
Weekly Support Levels:
S1: ~₹118.45
S2: ~₹112.29
S3: ~₹106.30
(break below these may open deeper bearish moves)
Key Near‑Term Chart Levels (confirmation from intraday/shorter term):
Near resistance zones around ~₹130‑₹132 area.
Near support around ~₹124‑₹120 on lower timeframes.
🧠 How to Use These Levels
1. Bullish scenario: Sustaining above the weekly pivot and breaking above R1 (~₹130.6) with volume may signal a move toward R2 (~₹136.6).
2. Bearish scenario: Closing below S1 (~₹118.5) could lead toward S2 (~₹112.3) on the weekly timeframe.
(derived from weekly pivot point calculations)
Weekly Pivot Point Levels:
Pivot (Mid‑point): ~₹124.44 — major equilibrium level for the week.
Weekly Resistance Levels:
R1: ~₹130.60
R2: ~₹136.59
R3: ~₹142.75
(above these, next targets if momentum turns bullish)
Weekly Support Levels:
S1: ~₹118.45
S2: ~₹112.29
S3: ~₹106.30
(break below these may open deeper bearish moves)
Key Near‑Term Chart Levels (confirmation from intraday/shorter term):
Near resistance zones around ~₹130‑₹132 area.
Near support around ~₹124‑₹120 on lower timeframes.
🧠 How to Use These Levels
1. Bullish scenario: Sustaining above the weekly pivot and breaking above R1 (~₹130.6) with volume may signal a move toward R2 (~₹136.6).
2. Bearish scenario: Closing below S1 (~₹118.5) could lead toward S2 (~₹112.3) on the weekly timeframe.
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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.