📍 Key Current Levels
The stock is trading around ₹ 550 (recent quotes ~₹ 548-550) on the NSE.
Pivot & major levels (from one source) on the daily:
Classic pivot: ~₹ 550.32
Support levels: ≈ ₹ 547.39 (S1), ≈ ₹ 542.02 (S2)
Resistance levels: ≈ ₹ 555.69 (R1), ≈ ₹ 558.62 (R2)
Longer-term moving averages: 50-day MA ≈ ₹ 559.47; 200-day MA ≈ ₹ 570.32 — both above current price, indicating downward pressure.
RSI and oscillator reading: RSI around ~41 (neutral/leaning oversold) per one data point.
🔍 Interpretation & What to Watch
With price below major moving averages (50 & 200 day), the bias remains bearish on the daily chart.
The pivot around ₹ 550 is a key level: holding above may help stabilise; falling below could signal more weakness.
Important support to watch: ~₹ 547 and then ~₹ 542. If these break, risk of further downside.
Key resistance: ~₹ 555-558 zone. A break up through that with volume could offer short-term upside.
The RSI being relatively low (though not deeply oversold) suggests potential for a rebound if positive trigger arises, but trend is not yet positive.
Because the broader trend remains negative, any bounce should be treated cautiously unless backed by strong volume and a clear breakout above that resistance zone.
The stock is trading around ₹ 550 (recent quotes ~₹ 548-550) on the NSE.
Pivot & major levels (from one source) on the daily:
Classic pivot: ~₹ 550.32
Support levels: ≈ ₹ 547.39 (S1), ≈ ₹ 542.02 (S2)
Resistance levels: ≈ ₹ 555.69 (R1), ≈ ₹ 558.62 (R2)
Longer-term moving averages: 50-day MA ≈ ₹ 559.47; 200-day MA ≈ ₹ 570.32 — both above current price, indicating downward pressure.
RSI and oscillator reading: RSI around ~41 (neutral/leaning oversold) per one data point.
🔍 Interpretation & What to Watch
With price below major moving averages (50 & 200 day), the bias remains bearish on the daily chart.
The pivot around ₹ 550 is a key level: holding above may help stabilise; falling below could signal more weakness.
Important support to watch: ~₹ 547 and then ~₹ 542. If these break, risk of further downside.
Key resistance: ~₹ 555-558 zone. A break up through that with volume could offer short-term upside.
The RSI being relatively low (though not deeply oversold) suggests potential for a rebound if positive trigger arises, but trend is not yet positive.
Because the broader trend remains negative, any bounce should be treated cautiously unless backed by strong volume and a clear breakout above that resistance zone.
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-- Let’s achieve success together!
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Contact Knowledgehub for a detailed consultation: Dm on WhatsApp: [wa.link/a2o0kz]-
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.