📊 Daily Pivot Levels (1-Day TF)
Pivot (daily equilibrium): ~ ₹115.3 – bias above this = short-term bullish; below = bearish.
📈 Resistance Levels (Upside)
R1: ~ ₹117.0–₹117.1 — first daily resistance.
R2: ~ ₹119.9–₹120.0 — secondary resistance zone.
R3: ~ ₹121.6–₹122.0+ — stronger upside barrier.
📉 Support Levels (Downside)
S1: ~ ₹112.5–₹112.6 — first support around recent lows.
S2: ~ ₹110.8–₹111.0 — next support zone below.
S3: ~ ₹107.9–₹108.0 — deeper support zone from pivot analysis.
🔁 Technical Bias Notes (Daily Timeframe)
Current daily RSI and momentum indicators show bearish to neutral bias, with price often trading below short-term moving averages — sellers have slight edge unless price clears key resistances.
Stochastic and oscillators have shown oversold pressures at times, so short-term bounce near support zones (₹110–₹112) is possible if momentum shifts.
Pivot (daily equilibrium): ~ ₹115.3 – bias above this = short-term bullish; below = bearish.
📈 Resistance Levels (Upside)
R1: ~ ₹117.0–₹117.1 — first daily resistance.
R2: ~ ₹119.9–₹120.0 — secondary resistance zone.
R3: ~ ₹121.6–₹122.0+ — stronger upside barrier.
📉 Support Levels (Downside)
S1: ~ ₹112.5–₹112.6 — first support around recent lows.
S2: ~ ₹110.8–₹111.0 — next support zone below.
S3: ~ ₹107.9–₹108.0 — deeper support zone from pivot analysis.
🔁 Technical Bias Notes (Daily Timeframe)
Current daily RSI and momentum indicators show bearish to neutral bias, with price often trading below short-term moving averages — sellers have slight edge unless price clears key resistances.
Stochastic and oscillators have shown oversold pressures at times, so short-term bounce near support zones (₹110–₹112) is possible if momentum shifts.
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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.