Current Price: ₹6,891.95 (-1.35%)
Key Levels:
Trend:
RSI: Neutral, trending lower.
Moving Averages:
Volume: Decreasing, signaling less buying pressure.
Strategy:
Buy if reversal occurs at ₹6,700–₹6,600, targeting ₹7,037.
Stop-loss: Below ₹6,500 for risk management.
Note: A break below ₹6,600 may lead to further downside.
Key Levels:
- Resistance: ₹7,037
- Support: ₹6,875 (immediate), ₹6,700–₹6,600 (critical)
Trend:
- Price has broken the lower boundary of the upward channel.
- Watch for a potential reversal around ₹6,700–₹6,600.
RSI: Neutral, trending lower.
Moving Averages:
- Testing the 50-day MA.
- 200-day MA at ₹6,200 acts as strong support.
Volume: Decreasing, signaling less buying pressure.
Strategy:
Buy if reversal occurs at ₹6,700–₹6,600, targeting ₹7,037.
Stop-loss: Below ₹6,500 for risk management.
Note: A break below ₹6,600 may lead to further downside.
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.