Indiqube Spaces Ltd – Technical View
Timeframe: Daily
The stock has witnessed a sharp correction from higher levels and recently found support near the lower Bollinger Band, followed by a mild rebound.
Price is now trading around the 20-DMA, indicating an early consolidation phase after a downtrend. Momentum is improving gradually but still lacks strong follow-through.
🔑 Key Levels
Immediate Resistance: ₹212 – ₹218
Major Resistance: ₹228 – ₹235
Support Zone: ₹198 – ₹192
Lower Support: ₹185 – ₹178
📉 Outlook
Sustained move above ₹218 can lead to upside towards ₹228 / ₹235.
Failure to cross resistance may result in range-bound movement or a retest of ₹198.
Trend remains neutral to mildly positive as long as price holds above ₹192.
📌 Trading Insight
Strength only on daily close above ₹218 with volume.
Below ₹192, weakness may re-emerge.
⚠️ Educational view only. Not a buy/sell recommendation.
📌 Trade with proper risk management.
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