Key Support Levels
₹1,000–1,020 – Immediate support
₹970–980 – Strong demand zone
₹940–950 – Major positional support
Key Resistance Levels
₹1,060–1,075 – Immediate resistance
₹1,100–1,120 – Strong breakout zone
₹1,160–1,180 – Next positional target if momentum continues
Bullish Scenario
Sustained trading above ₹1,075 with strong volume can indicate renewed buying momentum.
Potential upside targets:
₹1,120
₹1,160
₹1,200 (if broader market sentiment remains supportive)
Bearish Scenario
A close below ₹1,000 may trigger short-term weakness.
Downside support levels:
₹980
₹950
₹920 if selling pressure intensifies
Trading Plan
Buy on dips near strong support only after bullish price action confirmation.
Momentum buy only after a convincing breakout above ₹1,075 with above-average volume.
Maintain a stop-loss below the nearest support zone based on your trading timeframe.
Trend View
Short-term: Neutral to Bullish
Medium-term: Bullish
Long-term: Bullish, provided the stock holds above the major support zone around ₹940–950.
₹1,000–1,020 – Immediate support
₹970–980 – Strong demand zone
₹940–950 – Major positional support
Key Resistance Levels
₹1,060–1,075 – Immediate resistance
₹1,100–1,120 – Strong breakout zone
₹1,160–1,180 – Next positional target if momentum continues
Bullish Scenario
Sustained trading above ₹1,075 with strong volume can indicate renewed buying momentum.
Potential upside targets:
₹1,120
₹1,160
₹1,200 (if broader market sentiment remains supportive)
Bearish Scenario
A close below ₹1,000 may trigger short-term weakness.
Downside support levels:
₹980
₹950
₹920 if selling pressure intensifies
Trading Plan
Buy on dips near strong support only after bullish price action confirmation.
Momentum buy only after a convincing breakout above ₹1,075 with above-average volume.
Maintain a stop-loss below the nearest support zone based on your trading timeframe.
Trend View
Short-term: Neutral to Bullish
Medium-term: Bullish
Long-term: Bullish, provided the stock holds above the major support zone around ₹940–950.
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.