The market is experiencing a period of short-term uncertainty, which is reflected in the shifting prices that are occurring around the 50-hour moving average. The position of the current support is approximately between Rs 5,580 and Rs 5,600, which is in line with the most recent basic levels. Retracement level corresponds to the observed resistance, Read More
At these lower levels, the recovery in pricing from the 200-hour moving average indicates that there is a significant demand for the product. The fifty-hour moving average is currently situated around approximately Rs 5,753, which acts as a key hurdle in the near term’s context. There has been a slow but steady improvement in the Read More
The current price is trading below both the 50-day and the 200-day moving averages, signaling that a negative trend is currently prevailing in the market. This positioning reflects sustained weakness and indicates that prices remain under pressure in the broader technical structure. The MACD indicator is displaying a bearish crossover, reinforcing the view that the Read More
