METALIETF 1 Week Time Frame

📊 Current Context (Latest Price)
• The ETF is trading around ₹11.6–₹11.8 (mid‑Jan 2026 data).

📈 Weekly Technical Levels (Pivot‑Based Support / Resistance)
From the weekly pivot point analysis:

Weekly Pivot Point (Center): ~ ₹11.38
This is a key level — above it suggests bullish bias on weekly charts.

Weekly Resistance Levels:
R1: ~ ₹11.71 — first upside target/resistance
R2: ~ ₹12.28 — secondary resistance zone
R3: ~ ₹12.61 — further supply zone if momentum continues

Weekly Support Levels:
S1: ~ ₹11.05 — initial support on pullbacks
S2: ~ ₹10.81 — next support below
S3: ~ ₹10.48 — deeper weekly support

Central Pivot Range (CPR):
Top CPR ~ 11.51
Bottom CPR ~ 11.26
This band often acts as a weekly equilibrium zone — trading above it keeps bulls in control.

📌 Summary – Weekly Key Levels
Level Type Price (₹)
Weekly Resistance 3 (R3) ~11.52
Weekly Resistance 2 (R2) ~11.28
Weekly Resistance 1 (R1) ~11.06
Weekly Pivot ~10.82
Weekly Support 1 (S1) ~10.60
Weekly Support 2 (S2) ~10.36
Weekly Support 3 (S3) ~10.14