Key Levels to Watch
Support Levels
₹1,150 — Analysts highlight this as a critical support. Post-Q1, NSDL dropped nearly 9% in two sessions, and ₹1,150 is seen as a potential line of defense. A break below may lead to sharper losses.
₹1,200–₹1,230 — Near the stock's current region (around ₹1,237), which can act as a short-term base due to recent consolidation and VWAP alignment.
Resistance Levels
₹1,425 — The recent all-time high reached after a strong post-IPO rally. Forms a clear resistance zone.
Technical Context & Market Sentiment
Recent Rally: NSDL surged ~78% from its ₹800 IPO price and ~62% from its ₹880 listing price, peaking near ₹1,425.
Profit Booking: The sharp decline post-Q1 earnings reflects investor caution and stretched valuations, reinforcing the significance of the ₹1,150 level.
How to Use These Levels on Your 4-Hour Chart
Draw horizontal lines at ₹1,150, ₹1,200–₹1,230, and ₹1,425.
Watch for price reaction:
Bounce off ₹1,150 could suggest buying interest or stabilization.
Break below ₹1,150 might signal deeper correction toward lower levels (use lower timeframes for entries).
Advances toward ₹1,425 could reignite bullish momentum if volume supports the move.
Combine with indicators:
Moving Averages (e.g., 20/50 EMA) — can offer dynamic support/resistance.
RSI/MACD — monitor for divergence or overbought/oversold conditions to time entries or exits.
Confirm before acting:
Look for candlestick signals (pin bars, engulfing patterns) around these zones.
Volume spikes on breakouts or bounces add conviction.
Support Levels
₹1,150 — Analysts highlight this as a critical support. Post-Q1, NSDL dropped nearly 9% in two sessions, and ₹1,150 is seen as a potential line of defense. A break below may lead to sharper losses.
₹1,200–₹1,230 — Near the stock's current region (around ₹1,237), which can act as a short-term base due to recent consolidation and VWAP alignment.
Resistance Levels
₹1,425 — The recent all-time high reached after a strong post-IPO rally. Forms a clear resistance zone.
Technical Context & Market Sentiment
Recent Rally: NSDL surged ~78% from its ₹800 IPO price and ~62% from its ₹880 listing price, peaking near ₹1,425.
Profit Booking: The sharp decline post-Q1 earnings reflects investor caution and stretched valuations, reinforcing the significance of the ₹1,150 level.
How to Use These Levels on Your 4-Hour Chart
Draw horizontal lines at ₹1,150, ₹1,200–₹1,230, and ₹1,425.
Watch for price reaction:
Bounce off ₹1,150 could suggest buying interest or stabilization.
Break below ₹1,150 might signal deeper correction toward lower levels (use lower timeframes for entries).
Advances toward ₹1,425 could reignite bullish momentum if volume supports the move.
Combine with indicators:
Moving Averages (e.g., 20/50 EMA) — can offer dynamic support/resistance.
RSI/MACD — monitor for divergence or overbought/oversold conditions to time entries or exits.
Confirm before acting:
Look for candlestick signals (pin bars, engulfing patterns) around these zones.
Volume spikes on breakouts or bounces add conviction.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.