4-Hour Chart Analysis
The stock is currently trading inside a well-defined rising channel structure, indicating that the overall trend remains bullish despite recent volatility.
After a sharp correction from higher levels, price is now approaching a strong confluence support zone near 2190 – 2200, where:
Rising channel support is placed
EMA support is aligned
Structure support is active
As long as the stock sustains above this support region, the possibility of a rebound towards 2350 remains strong.
Bullish view will become invalid below the support zone.
In trending markets, healthy pullbacks towards support often create better risk-reward opportunities for disciplined traders.
The stock is currently trading inside a well-defined rising channel structure, indicating that the overall trend remains bullish despite recent volatility.
After a sharp correction from higher levels, price is now approaching a strong confluence support zone near 2190 – 2200, where:
Rising channel support is placed
EMA support is aligned
Structure support is active
As long as the stock sustains above this support region, the possibility of a rebound towards 2350 remains strong.
Bullish view will become invalid below the support zone.
In trending markets, healthy pullbacks towards support often create better risk-reward opportunities for disciplined traders.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
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@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.