After testing the patience between 450 to 500 levels, finally it gave a BO and looks good for the reversal rally Levels are marked accordingly on the chart.
The stock came out of a decade long consolidation making rounding bottom and is visible for food upside in near medium term. It is on fresh breakout before loksabha elections marking its move for fresh lifetime high.
The chart should give you everything you need to know. But here are some pointers for those who like to read: - A beautiful Symmetric Triangle breakout. The support and resistance trendlines were religiously followed. Thus, making the pattern stronger. - The consolidation period was a good 15 months. Every IT company has gone through the pain. - We have defined...
Post Market price action showing some bearishness in upcoming sessions. Previous 2 sessions provided big trendy moves. Keep an eye support thick support zone for reversal and descending trendline. Observe Closely this chart till expiry. Fluctuations can make premiums stuck in a bottle neck!
Ashok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an...
Any pull back in this share will be an opportunity to add. It has already breakout its resistance. 260 was a good level for adding .now price is above 280. Don't worry,,, it will pull back, then do entry. Target, stoloss all are mentioned in chart. If it does comes below 280, then do add in staggered manner for target 310/340 Time frame _2_3months
*INVESTMENT Recommendation for REC Limited (RECLTD)** **Current Price:** ₹457 **Stop Loss:** ₹388 **Long-term Target:** ₹850 **Technical Analysis:** The price action of REC Limited (RECLTD) on the charts suggests a bullish outlook, following a breakout from a flag and pole formation, which is typically a continuation pattern. The breakout above the flag...
Nifty opens gap up but didn’t sustain at 22600 level. Bears were back into the market and drag the Index to day’s low which is 22385. Nifty has formed shaven head red body candle with lower shadow which indicates participants were selling from day’s high. Nifty is taking support of 9 Days Exponential Moving Average Line. Nifty has broken the support of...
Zensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade. Reasons are listed below : Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout...
The company has declared the demerger of the Hotel business making the value unlocking. Also the global export in agri business is expected to have a greater boost with the war and flooding situation in middle east will boost the revenue and prices. Above mentioned targets can eb achieved short to medium term.
1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing...
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🎯The chart is pretty self-explanatory as always. If you'd like to request an educational analysis, simply send us 100 coins as a token, and we'll be happy to post one for you. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as...
Biocon looks good for swing trade. 325 will act as very Good Resistance. And pull back may be expected from their. Once 325 resistance is broken its looking good for Long term. This is not an Investment tip. Just for educational purposes do ur own analysis and invest accordingly.
Idfcfirst bank continue in range. Today break 84 plus trade. Now TGT 99 SL 76
HUDCO formed an ascending triangle pattern on daily chart. With multiple support and resistance level tested. Price has been consolidating for some time now. Price broke out of resistance today with high volume indicating bulls are out there to drive the price higher. However, wait for the next candle to close above breakout candle high. This would give us some...
Wave three confirmation abv 830 level T1- 1060 T2- 1300 RSI indicating a breakout soon !!!!!!!!!!