Tips Music – Technical Analysis, Support and Resistance

TIPSMUSIC is showing a strong bullish trend after breaking out from its earlier consolidation range of ₹640–680. The stock is currently trading at ₹816.45 up 3.93% in the latest session and is testing its previous resistance near ₹820. The price structure indicates strong upward momentum with higher highs and higher lows. Support & Resistance: Immediate support is around ₹800–790. Below this the next support zone is ₹780–760. On the upside ₹820 is the immediate resistance. A sustained breakout above this level may open the way towards ₹840–860. Short-Term Buyers & Holders View: Fresh buying may be considered after a sustained close above ₹820 with strong volume. Existing holders should monitor the ₹790 support zone. A breakdown below this level may lead to short-term profit booking. Overall: The technical structure remains bullish, with the stock trading above its major moving averages. RSI is around 67 indicating positive momentum. A sustained breakout above ₹820 could further strengthen the upward trend.