🔍 **Current Price:** ₹7,328
📊 **Trend:** Downtrend with signs of potential support.
📌 **Key Technical Levels:**
✅ **Support Zone:** ₹7,200 – ₹7,188 (Holding strong)
✅ **Resistance Levels:** ₹8,569 (Fibonacci 23.6%), ₹9,394 (38.2%), ₹10,061 (50%)
✅ **Golden Zone:** ₹10,728 – ₹11,678 (61.8% - 78.6% Fib retracement)
📉 **Technical Indicators:**
✔ **Fibonacci Retracement Analysis** suggests a **pullback rally is possible** if the stock sustains above support.
✔ **200-Day Moving Average** is acting as resistance; breakout needed for trend reversal.
✔ **Risk-Reward Setup** indicates a bounce towards ₹10,000+ if momentum builds.
⚡ **Trade Plan:**
🎯 **Bullish Case:** Reversal confirmation above ₹7,400 could lead to ₹8,500-₹9,000 short term.
⚠ **Bearish Case:** Breakdown below ₹7,188 may push towards ₹6,558.
📢 **Traders Alert:** Keep an eye on volume and price action in the coming sessions! 🔥
📊 **Trend:** Downtrend with signs of potential support.
📌 **Key Technical Levels:**
✅ **Support Zone:** ₹7,200 – ₹7,188 (Holding strong)
✅ **Resistance Levels:** ₹8,569 (Fibonacci 23.6%), ₹9,394 (38.2%), ₹10,061 (50%)
✅ **Golden Zone:** ₹10,728 – ₹11,678 (61.8% - 78.6% Fib retracement)
📉 **Technical Indicators:**
✔ **Fibonacci Retracement Analysis** suggests a **pullback rally is possible** if the stock sustains above support.
✔ **200-Day Moving Average** is acting as resistance; breakout needed for trend reversal.
✔ **Risk-Reward Setup** indicates a bounce towards ₹10,000+ if momentum builds.
⚡ **Trade Plan:**
🎯 **Bullish Case:** Reversal confirmation above ₹7,400 could lead to ₹8,500-₹9,000 short term.
⚠ **Bearish Case:** Breakdown below ₹7,188 may push towards ₹6,558.
📢 **Traders Alert:** Keep an eye on volume and price action in the coming sessions! 🔥
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.