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/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.