📍 Key Current Levels
The stock is trading around ₹ 550 (recent quotes ~₹ 548-550) on the NSE.
Pivot & major levels (from one source) on the daily:
Classic pivot: ~₹ 550.32
Support levels: ≈ ₹ 547.39 (S1), ≈ ₹ 542.02 (S2)
Resistance levels: ≈ ₹ 555.69 (R1), ≈ ₹ 558.62 (R2)
Longer-term moving averages: 50-day MA ≈ ₹ 559.47; 200-day MA ≈ ₹ 570.32 — both above current price, indicating downward pressure.
RSI and oscillator reading: RSI around ~41 (neutral/leaning oversold) per one data point.
🔍 Interpretation & What to Watch
With price below major moving averages (50 & 200 day), the bias remains bearish on the daily chart.
The pivot around ₹ 550 is a key level: holding above may help stabilise; falling below could signal more weakness.
Important support to watch: ~₹ 547 and then ~₹ 542. If these break, risk of further downside.
Key resistance: ~₹ 555-558 zone. A break up through that with volume could offer short-term upside.
The RSI being relatively low (though not deeply oversold) suggests potential for a rebound if positive trigger arises, but trend is not yet positive.
Because the broader trend remains negative, any bounce should be treated cautiously unless backed by strong volume and a clear breakout above that resistance zone.
The stock is trading around ₹ 550 (recent quotes ~₹ 548-550) on the NSE.
Pivot & major levels (from one source) on the daily:
Classic pivot: ~₹ 550.32
Support levels: ≈ ₹ 547.39 (S1), ≈ ₹ 542.02 (S2)
Resistance levels: ≈ ₹ 555.69 (R1), ≈ ₹ 558.62 (R2)
Longer-term moving averages: 50-day MA ≈ ₹ 559.47; 200-day MA ≈ ₹ 570.32 — both above current price, indicating downward pressure.
RSI and oscillator reading: RSI around ~41 (neutral/leaning oversold) per one data point.
🔍 Interpretation & What to Watch
With price below major moving averages (50 & 200 day), the bias remains bearish on the daily chart.
The pivot around ₹ 550 is a key level: holding above may help stabilise; falling below could signal more weakness.
Important support to watch: ~₹ 547 and then ~₹ 542. If these break, risk of further downside.
Key resistance: ~₹ 555-558 zone. A break up through that with volume could offer short-term upside.
The RSI being relatively low (though not deeply oversold) suggests potential for a rebound if positive trigger arises, but trend is not yet positive.
Because the broader trend remains negative, any bounce should be treated cautiously unless backed by strong volume and a clear breakout above that resistance zone.
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Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
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Contact Knowledgehub for a detailed consultation: Dm on WhatsApp: [wa.link/a2o0kz]-
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.