Bullish Scenario (Breakout Above ₹4725)
If price sustains above ₹4725, it can move toward ₹4760 → ₹4785 → ₹4815.
A confirmed breakout above ₹4965 would indicate a strong bullish trend.
CMP: ₹4741 (as per the chart)
Bullish Scenario (Breakout Above ₹4725) - Holding Above This Level
If price sustains above ₹4725, the next targets are:
₹4760 → ₹4785 → ₹4815
A confirmed breakout above ₹4740 would indicate a strong bullish trend, opening up higher targets.
Key Resistance Zones:
Bearish Counter Scenario (Rejection at ₹4760-4785)
If price fails to hold above ₹4725, expect a pullback towards:
₹4673 → ₹4618 (Bullish FVG Support Zone)
A break below ₹4618 could push the price towards ₹4553 and further into the ₹4421-4486 demand zone.
Final Outlook:
Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance doesn’t guarantee future results. Do your own research and consult a financial advisor before making any decisions. The author is not responsible for any losses. Trade at your own risk.
If price sustains above ₹4725, it can move toward ₹4760 → ₹4785 → ₹4815.
A confirmed breakout above ₹4965 would indicate a strong bullish trend.
CMP: ₹4741 (as per the chart)
Bullish Scenario (Breakout Above ₹4725) - Holding Above This Level
If price sustains above ₹4725, the next targets are:
₹4760 → ₹4785 → ₹4815
A confirmed breakout above ₹4740 would indicate a strong bullish trend, opening up higher targets.
Key Resistance Zones:
- ₹4760-4785 (Bearish Fair Value Gap - FVG)
- ₹4815 (Bearish OB - Daily Resistance)
- ₹4929-4965 (Major Supply Zone & FVG)
Bearish Counter Scenario (Rejection at ₹4760-4785)
If price fails to hold above ₹4725, expect a pullback towards:
₹4673 → ₹4618 (Bullish FVG Support Zone)
A break below ₹4618 could push the price towards ₹4553 and further into the ₹4421-4486 demand zone.
Final Outlook:
- Bullish Bias: Above ₹4725 with ₹4760+ as the next key level.
- Breakout Confirmation: Daily close above ₹4965.
- Bearish Reversal: Below ₹4673, with key supports at ₹4553 and ₹4421-4486.
Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance doesn’t guarantee future results. Do your own research and consult a financial advisor before making any decisions. The author is not responsible for any losses. Trade at your own risk.
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.
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.