CMP Zone: ₹26–28
Immediate Resistance (R1): ₹28.90
Major Resistance (R2): ₹30.30
Breakout Zone: Above ₹30.50 can trigger fresh rally toward ₹33–35
Immediate Support (S1): ₹27.40
Strong Support (S2): ₹26.60
Positional Support (S3): ₹24.00–24.50
Technical Structure
Trend is positive above ₹26.
20 EMA and 50 EMA both showing uptrend strength.
RSI near 75–82 indicates strong momentum but slightly overheated conditions.
Sustaining above ₹28.80 can give momentum breakout.
Bullish Scenario
If stock closes above ₹30.50:
Targets: ₹33 → ₹35 → ₹38
Momentum traders can look for breakout continuation.
Bearish Scenario
If stock slips below ₹26:
Weakness can extend toward ₹24 and ₹22 support zone.
Trading Plan
Swing Buy Zone: ₹26.5–27.5
Stop Loss: ₹24.9
Targets: ₹30 / ₹33 / ₹35
Immediate Resistance (R1): ₹28.90
Major Resistance (R2): ₹30.30
Breakout Zone: Above ₹30.50 can trigger fresh rally toward ₹33–35
Immediate Support (S1): ₹27.40
Strong Support (S2): ₹26.60
Positional Support (S3): ₹24.00–24.50
Technical Structure
Trend is positive above ₹26.
20 EMA and 50 EMA both showing uptrend strength.
RSI near 75–82 indicates strong momentum but slightly overheated conditions.
Sustaining above ₹28.80 can give momentum breakout.
Bullish Scenario
If stock closes above ₹30.50:
Targets: ₹33 → ₹35 → ₹38
Momentum traders can look for breakout continuation.
Bearish Scenario
If stock slips below ₹26:
Weakness can extend toward ₹24 and ₹22 support zone.
Trading Plan
Swing Buy Zone: ₹26.5–27.5
Stop Loss: ₹24.9
Targets: ₹30 / ₹33 / ₹35
Related publications
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.
Related publications
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.