๐ Current context
The stock is trading around โน 176โ177 (as of mid-Nov 2025).
On a weekly basis, technical indicators suggest a mixed to weak bias: for example, on daily timeframes many moving averages and indicators show โSellโ signals.
On the weekly timeframe (Moneycontrol data) the moving averages, MACD, RSI etc are showing outperform (โbullishโ) signals.
Key support/resistance pivot levels:
Resistance (Classic) ~ โน 185.31, โน 189.25, โน 194.40
Support (Classic) ~ โน 176.22, โน 171.07, โน 167.13
52โweek high ~ โน 186.94, 52โweek low ~ โน 122.62
๐ฏ 1-Week Trading Levels & Potential Strategy
Given the above, here are plausible levels and scenarios for the next week:
Upside target: If the stock picks up momentum, a breakout above ~ โน 180-185 opens the way toward ~ โน 189-190 (resistance).
Downside risk: If weakness persists, a drop below ~ โน 176 could test support around ~ โน 171โ172, and potentially down to ~ โน 167.
Key trigger level: The ~ โน 176 region is a hinge. Holding above gives chance for upside; failing it shifts the bias downward.
โ ๏ธ Caveats
A 1-week timeframe is quite short; factors such as global steel demand, raw material costs, and domestic policy can impact quickly.
Technicals are only one piece of the puzzle โ fundamentals, news, sector dynamics matter.
The conflicting signals (daily weak vs weekly stronger) mean the stock may trade sideways or range-bound in the short run.
The stock is trading around โน 176โ177 (as of mid-Nov 2025).
On a weekly basis, technical indicators suggest a mixed to weak bias: for example, on daily timeframes many moving averages and indicators show โSellโ signals.
On the weekly timeframe (Moneycontrol data) the moving averages, MACD, RSI etc are showing outperform (โbullishโ) signals.
Key support/resistance pivot levels:
Resistance (Classic) ~ โน 185.31, โน 189.25, โน 194.40
Support (Classic) ~ โน 176.22, โน 171.07, โน 167.13
52โweek high ~ โน 186.94, 52โweek low ~ โน 122.62
๐ฏ 1-Week Trading Levels & Potential Strategy
Given the above, here are plausible levels and scenarios for the next week:
Upside target: If the stock picks up momentum, a breakout above ~ โน 180-185 opens the way toward ~ โน 189-190 (resistance).
Downside risk: If weakness persists, a drop below ~ โน 176 could test support around ~ โน 171โ172, and potentially down to ~ โน 167.
Key trigger level: The ~ โน 176 region is a hinge. Holding above gives chance for upside; failing it shifts the bias downward.
โ ๏ธ Caveats
A 1-week timeframe is quite short; factors such as global steel demand, raw material costs, and domestic policy can impact quickly.
Technicals are only one piece of the puzzle โ fundamentals, news, sector dynamics matter.
The conflicting signals (daily weak vs weekly stronger) mean the stock may trade sideways or range-bound in the short run.
I built a Buy & Sell Signal Indicator with 85% accuracy.
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
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.
I built a Buy & Sell Signal Indicator with 85% accuracy.
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
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.
