📊 Current Snapshot
Current Price ≈ ₹2,031
Change: ~ -1.15% on latest trading day
Price is above both 50-day and 200-day simple moving averages, which indicates the medium & longer-term trend is still upwards.
Volume is moderate.
🔍 Indicators / Momentum
RSI (14-day): Mid-range, somewhat bullish (but not overbought).
MFI (Money Flow Index): Also mid-range.
Trend Strength Indicators: Mixed. Some moving averages suggest support (price above), while other oscillators show some weakness or potential for sideways drift.
🔒 Support & Resistance Levels
Type Level (Approx)
Key Support ~ ₹2,010 – ₹2,020
Stronger Support if breaks down ~ ₹1,990 – ₹2,000
Immediate Resistance ~ ₹2,050 – ₹2,060
Higher Resistance ~ ₹2,075 – ₹2,080
⚠️ What to Watch For / Risks
The recent dip suggests sellers are exerting pressure near resistance zones.
If momentum weakens, price could fall toward the support band around ₹2,010‐₹2,020.
Any break below ₹2,000 may trigger more bearish sentiment.
🎯 Possible Scenarios
Bullish Case: If price can hold above current support and break above resistance (~ ₹2,050+), it could aim for ₹2,075-₹2,100.
Bearish Case: Rejection at resistance could pull it back toward ₹2,010 or lower. Further weakness might push it toward ~₹1,950-₹2,000 if broader market is weak.
Current Price ≈ ₹2,031
Change: ~ -1.15% on latest trading day
Price is above both 50-day and 200-day simple moving averages, which indicates the medium & longer-term trend is still upwards.
Volume is moderate.
🔍 Indicators / Momentum
RSI (14-day): Mid-range, somewhat bullish (but not overbought).
MFI (Money Flow Index): Also mid-range.
Trend Strength Indicators: Mixed. Some moving averages suggest support (price above), while other oscillators show some weakness or potential for sideways drift.
🔒 Support & Resistance Levels
Type Level (Approx)
Key Support ~ ₹2,010 – ₹2,020
Stronger Support if breaks down ~ ₹1,990 – ₹2,000
Immediate Resistance ~ ₹2,050 – ₹2,060
Higher Resistance ~ ₹2,075 – ₹2,080
⚠️ What to Watch For / Risks
The recent dip suggests sellers are exerting pressure near resistance zones.
If momentum weakens, price could fall toward the support band around ₹2,010‐₹2,020.
Any break below ₹2,000 may trigger more bearish sentiment.
🎯 Possible Scenarios
Bullish Case: If price can hold above current support and break above resistance (~ ₹2,050+), it could aim for ₹2,075-₹2,100.
Bearish Case: Rejection at resistance could pull it back toward ₹2,010 or lower. Further weakness might push it toward ~₹1,950-₹2,000 if broader market is weak.
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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.