Price is currently near a strong support zone of ₹32–35. This area has held multiple times in the past, so buyers may step in again.
The fall has slowed down, which suggests selling pressure is reducing. If the stock holds above ₹32 on a weekly closing basis, a pullback move towards ₹40–42 is possible. A strong breakout above this can open the path to ₹48–52, which is a major resistance zone.
If price breaks and closes below ₹32, the structure weakens and downside risk increases.
Disclaimer
This analysis is for educational purposes only, not a buy/sell recommendation.
Stock market investments involve risk. Please do your own analysis and use proper risk management.
The fall has slowed down, which suggests selling pressure is reducing. If the stock holds above ₹32 on a weekly closing basis, a pullback move towards ₹40–42 is possible. A strong breakout above this can open the path to ₹48–52, which is a major resistance zone.
If price breaks and closes below ₹32, the structure weakens and downside risk increases.
Disclaimer
This analysis is for educational purposes only, not a buy/sell recommendation.
Stock market investments involve risk. Please do your own analysis and use proper risk management.
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.
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.