Current Trend
Price is trading around ₹1,040–1,050.
The stock is above its 20, 50 and 200-day moving averages, indicating the medium-term trend remains positive. RSI is near 54–60, suggesting neutral to mildly bullish momentum rather than an overbought condition.
Key Support Levels
₹1,040–1,043 – Immediate support
₹1,020 – Strong support
₹1,000–1,005 – Major positional support
Key Resistance Levels
₹1,050–1,058 – Immediate resistance
₹1,066–1,080 – Strong breakout zone
A sustained close above ₹1,080 could open the door for a fresh rally.
Trading View
Bullish: Buy on dips near ₹1,020–1,040 with a stop-loss below ₹1,000.
Breakout Trade: Consider fresh buying only after a strong close above ₹1,058–1,066 with volume.
Targets after breakout: ₹1,100 followed by ₹1,150 if momentum remains strong.
Overall Analysis
✅ Trend: Bullish to Neutral
✅ Momentum: Positive but not overextended
⚠️ Watch the ₹1,050–1,060 resistance zone carefully. A decisive breakout with strong volumes would strengthen the bullish case. Banking stocks have generally shown technical strength in the current market backdrop.
Price is trading around ₹1,040–1,050.
The stock is above its 20, 50 and 200-day moving averages, indicating the medium-term trend remains positive. RSI is near 54–60, suggesting neutral to mildly bullish momentum rather than an overbought condition.
Key Support Levels
₹1,040–1,043 – Immediate support
₹1,020 – Strong support
₹1,000–1,005 – Major positional support
Key Resistance Levels
₹1,050–1,058 – Immediate resistance
₹1,066–1,080 – Strong breakout zone
A sustained close above ₹1,080 could open the door for a fresh rally.
Trading View
Bullish: Buy on dips near ₹1,020–1,040 with a stop-loss below ₹1,000.
Breakout Trade: Consider fresh buying only after a strong close above ₹1,058–1,066 with volume.
Targets after breakout: ₹1,100 followed by ₹1,150 if momentum remains strong.
Overall Analysis
✅ Trend: Bullish to Neutral
✅ Momentum: Positive but not overextended
⚠️ Watch the ₹1,050–1,060 resistance zone carefully. A decisive breakout with strong volumes would strengthen the bullish case. Banking stocks have generally shown technical strength in the current market backdrop.
Hye Guys,Welcome to a professional trading journey built on precision, discipline, and smart money concepts.
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
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.
Hye Guys,Welcome to a professional trading journey built on precision, discipline, and smart money concepts.
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
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.