Key levels
Immediate support (first line): ₹108,550
Lower support zone: ₹108,000 — if price closes below this, bearish pressure increases.
Near-term resistance zone: ₹109,440 — watch for rejections here.
Upper resistance / new-high trigger: ₹110,000 — daily close above this signals fresh bullish extension.
Psychological round: ₹111,000 (next larger objective if momentum continues)
(These are the horizontal lines on the chart and the levels I used to build targets.)
Technical read :
RSI(14) in my chart is in neutral-to-mildly-overbought area — watch for divergence or a close below 50 for weakening momentum.
Trade setups & targets
Bullish (momentum continuation)
Setup: Daily close above ₹110,000 (with follow-through volume / higher open next day).
Entry: on a clean daily close above 110,000 or a pullback to 109,400–109,600 that holds.
Targets: 1) ₹111,000 (first), 2) ₹112,400–₹113,000 (secondary extension).
Stop: below ₹108,900 (or tight intraday protective stop if entering on breakout).
Range / neutral (failure at resistance)
If price is rejected in the 109,400–110,000 zone: consider short with targets 108,550 then 108,000.
Stop: above 110,200 on a rejection scalp.
Bearish (momentum shift)
Trigger: daily close below ₹108,000 (sustained).
Short targets: 107,000 then 105,500.
Stop: above 108,800 (or recent EMA20).
Intraday scalp idea
Look for support/resistance confluence near 108,550 (buy if strong bounce and intraday momentum) or a quick rejection around 109,440–110,000 for a 200–500 point scalp, with tight stops.
Risk management & rules (short)
Risk no more than 1–2% of trading capital per trade.
Prefer daily closes for swing decisions; intraday trades need tighter stops.
Watch macro cues — US rates, USDINR and global gold (COMEX) often influence MCX moves.(For educational purpose only)
Immediate support (first line): ₹108,550
Lower support zone: ₹108,000 — if price closes below this, bearish pressure increases.
Near-term resistance zone: ₹109,440 — watch for rejections here.
Upper resistance / new-high trigger: ₹110,000 — daily close above this signals fresh bullish extension.
Psychological round: ₹111,000 (next larger objective if momentum continues)
(These are the horizontal lines on the chart and the levels I used to build targets.)
Technical read :
RSI(14) in my chart is in neutral-to-mildly-overbought area — watch for divergence or a close below 50 for weakening momentum.
Trade setups & targets
Bullish (momentum continuation)
Setup: Daily close above ₹110,000 (with follow-through volume / higher open next day).
Entry: on a clean daily close above 110,000 or a pullback to 109,400–109,600 that holds.
Targets: 1) ₹111,000 (first), 2) ₹112,400–₹113,000 (secondary extension).
Stop: below ₹108,900 (or tight intraday protective stop if entering on breakout).
Range / neutral (failure at resistance)
If price is rejected in the 109,400–110,000 zone: consider short with targets 108,550 then 108,000.
Stop: above 110,200 on a rejection scalp.
Bearish (momentum shift)
Trigger: daily close below ₹108,000 (sustained).
Short targets: 107,000 then 105,500.
Stop: above 108,800 (or recent EMA20).
Intraday scalp idea
Look for support/resistance confluence near 108,550 (buy if strong bounce and intraday momentum) or a quick rejection around 109,440–110,000 for a 200–500 point scalp, with tight stops.
Risk management & rules (short)
Risk no more than 1–2% of trading capital per trade.
Prefer daily closes for swing decisions; intraday trades need tighter stops.
Watch macro cues — US rates, USDINR and global gold (COMEX) often influence MCX moves.(For educational purpose only)
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน