1️⃣ Price Structure & Trendlines:
Price has reclaimed the broader falling trendline and is now moving within a rising structure. The recent impulsive candle suggests transition from corrective behaviour toward potential continuation.
2️⃣ Key Levels:
• ₹520–540: Immediate resistance near recent highs.
• ₹483–485: Breakout zone acting as near-term support.
• ₹444–445: Intermediate support from prior structure.
• ₹400–410: Rising trendline defining higher-low structure.
3️⃣ Trend Behaviour:
Higher lows along the ascending trendline indicate strengthening demand. Break above declining resistance reflects a structural shift from consolidation toward expansion.
4️⃣ Volume Characteristics:
Strong volume expansion on recent candles highlights increased participation and supports the breakout attempt.
5️⃣ RSI & Momentum:
RSI remains elevated with sustained higher highs, signalling strong momentum while recent consolidation reflects controlled cooling rather than exhaustion.
📢 Disclaimer: For educational and technical analysis purposes only; not investment advice.
👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)