Current Situation:
Price: ₹2,437.30, down ₹2,437.30 or -3.78%.
Moving Averages:
MA(7): ₹2,446.14
MA(25): ₹2,506.17
MA(99): ₹2,270.23
The price is currently below the MA(7) and MA(25) but still above the MA(99). This suggests a short-term bearish trend but with longer-term support present.
MACD:
MACD: -10.31
Signal Line (DEA): -16.93
Histogram (DIF): -27.24
The MACD line is above the signal line, but both are negative, indicating bearish momentum. However, the histogram is showing decreasing bearish momentum (DIF is getting closer to zero), which could hint at a potential weakening of the downtrend.
Volume: Recent volume appears moderate but with some notable selling spikes.
Key Levels:
Resistance: The MA(7) around ₹2,446.14 and the MA(25) around ₹2,506.17 are immediate resistance levels. The swing high at ₹2,738.62 is a significant resistance.
Support: The MA(99) around ₹2,270.23 is a key support level. There's also potential support around the ₹2,312.62 (24h Low).
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