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Mayank Kumar

17th Sep · SEBI Registration INH000015978

trong rising trendline from the April low near ₹117,

NIACL
The chart shows a strong rising trendline from the April low near ₹117, with successive higher lows. After the sharp rally toward ₹242–₹243, the stock has undergone a steep correction and is now around ₹184, bringing it back close to the rising trendline support. Recent data confirms the stock closed at ₹184.19 on September 16 after falling 6.54% on September 15 and another 0.66% on September 16. ₹180–₹185: Important trendline/support zone ₹175–₹180: Next support if ₹180 breaks ₹195–₹200: Immediate recovery resistance ₹205–₹212: Stronger resistance zone ₹230–₹243: Major previous supply zone The ₹180–₹185 area is particularly important because it combines the rising trendline with the recent price structure. Technical data also places support around ₹180 and ₹174, while the 50-day moving average is around ₹184.

#TechnicalViews
NIACL_2026-09-17_09-22-44.png
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