š Technical Snapshot
Price currently around ā¹953.50.
Testing a horizontal resistance zone near ā¹986 ā a level that has rejected price multiple times before.
Previously broken rising wedge trendline now acting as dynamic resistance.
š Structure Check
Support holding near ā¹830ā835.
Pattern suggests a make-or-break juncture ā reclaim of ā¹986 may lead to fresh momentum.
Failure to break could trap bulls and send it back toward the support.
š What to Watch
Weekly close above ā¹986 = bullish trigger for next leg higher.
Any rejection can offer tactical short or wait-for-dip opportunity near ā¹830.
š¢ Disclaimer:
This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held.
š§āš¼ Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332).
š Investments are subject to market risks. Read all related documents carefully.