CMP: ₹300.80
Immediate Resistance: ₹306
Support Levels: ₹277 / ₹267 / ₹254
Structure: Rounded bottom breakout in progress after a prolonged downtrend recovery
Momentum Indicator: RSI near breakout confirmation, strength building
📈 Technical View (Positional)
Price is retesting key resistance at ₹306 — a breakout above this level may unlock a fresh upside rally.
Increasing volumes and bullish recovery from lows (~₹215) suggest accumulation.
Close above ₹306 (preferably with volume) will confirm the rounded bottom breakout.
🚀 Positional Levels:
Entry Range: ₹295–₹305 (on closing confirmation)
Target 1: ₹330
Target 2: ₹358
Target 3: ₹390
Stop-Loss (Closing Basis): ₹277
Immediate Resistance: ₹306
Support Levels: ₹277 / ₹267 / ₹254
Structure: Rounded bottom breakout in progress after a prolonged downtrend recovery
Momentum Indicator: RSI near breakout confirmation, strength building
📈 Technical View (Positional)
Price is retesting key resistance at ₹306 — a breakout above this level may unlock a fresh upside rally.
Increasing volumes and bullish recovery from lows (~₹215) suggest accumulation.
Close above ₹306 (preferably with volume) will confirm the rounded bottom breakout.
🚀 Positional Levels:
Entry Range: ₹295–₹305 (on closing confirmation)
Target 1: ₹330
Target 2: ₹358
Target 3: ₹390
Stop-Loss (Closing Basis): ₹277
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.