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.
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.
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.