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)
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.