📊 Daily Time Frame Levels (1 D)
Current approximate price: ~₹21.7–₹22.7 (varies by source)
🔹 Pivot & Daily Reference Level
Daily pivot (Classic): ~ ₹22.58–₹22.60
🧱 Resistance Levels
Immediate resistance: ~ ₹24.00–₹24.03 (1st major upside barrier)
Above that, psychologically significant levels are near recent 52-week highs around ₹24.30
📉 Support Levels
Short-term support: ~ ₹22.22
Medium/stronger support: ~ ₹20.97
Lower support zones (broader view): ~ ₹19.17–₹18.50 (from broader multi-period analysis)
📈 Technical Indicator Snapshot (Daily)
RSI appears mid-range (neutral/slightly weak) on some chart summaries (~40–46), indicating no strong overbought/oversold condition on the daily chart.
Some aggregators still show a general sell bias based on moving averages and oscillator signals (especially if price < longer-term MAs).
🧠 How Traders Often Use These Levels
Bullish scenario: A sustained break above ₹24.00–₹24.30 with volume could target higher levels.
Bearish scenario: Failure below ₹20.97/₹20 may open the way toward ₹19–₹18 region.
Pivot plays: Near daily pivot (~₹22.58), intraday traders often watch for bounces or breaks for direction.
Current approximate price: ~₹21.7–₹22.7 (varies by source)
🔹 Pivot & Daily Reference Level
Daily pivot (Classic): ~ ₹22.58–₹22.60
🧱 Resistance Levels
Immediate resistance: ~ ₹24.00–₹24.03 (1st major upside barrier)
Above that, psychologically significant levels are near recent 52-week highs around ₹24.30
📉 Support Levels
Short-term support: ~ ₹22.22
Medium/stronger support: ~ ₹20.97
Lower support zones (broader view): ~ ₹19.17–₹18.50 (from broader multi-period analysis)
📈 Technical Indicator Snapshot (Daily)
RSI appears mid-range (neutral/slightly weak) on some chart summaries (~40–46), indicating no strong overbought/oversold condition on the daily chart.
Some aggregators still show a general sell bias based on moving averages and oscillator signals (especially if price < longer-term MAs).
🧠 How Traders Often Use These Levels
Bullish scenario: A sustained break above ₹24.00–₹24.30 with volume could target higher levels.
Bearish scenario: Failure below ₹20.97/₹20 may open the way toward ₹19–₹18 region.
Pivot plays: Near daily pivot (~₹22.58), intraday traders often watch for bounces or breaks for direction.
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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.