Resistance Level: Around INR 158.31, the stock reached this point and faced rejection, indicating a strong resistance. If it breaks above this level, it could continue upward.
Support Levels:
Support-3: INR 123.08 – the nearest support level. It should hold if the stock pulls back.
Support-2: INR 86.73 – a significant level that might be tested if the price breaks below Support-3.
Support-1: INR 40.95 – a major support level, signaling a strong buying zone.
Channel Pattern: The chart shows an upward channel indicating a bullish trend. If the stock remains within the channel, the trend remains intact.
Ideas:
A breakout above the resistance could signal further upward movement.
If the price falls, it may test the support levels.
Watch for any candlestick patterns or volume spikes at key levels for signs of reversal or continuation.
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