Naresh_NM

Naresh_NM

Could see it took support on trend line looking towards resistance break around 854-860 . If it breakout then it can rally till 1050. Note: this is only for learning purpose and not for any recommendations.

Naresh_NM

SBIN took good support on trendline (from 2019) despite of fall in recent days. So, target would be around 700 in 3-4 months considering the trendlines pattern. You can see upper trendline cut through candles but it's to showcase the width of trendline till 2019 in various cases, it acted as resistance. Note: this is just an educational purposes and not a...

Naresh_NM

It's an interesting set up for Divis labs where it took support ~3220-3240 and going towards immediate resistance 3440. However, bearish trend to have an upper hand given last 9 months movement. Fingers crossed and next 4-6weeks is key for scrip. Short term positions will be with below support csnd resistance points. Down -- 3000, 2800, 2400 Up ---3440, 3500,3750,3950

Naresh_NM

Axis Bank took solid support around 710 ( support treandline from 2015 and it got broke nly 2 out of ~10 instances and those 2 are Mar'20, apr-may'22). Stated reversing towards resistance trendline around 830 (ATH) with next levels as 770,830 in 4-6 weeks once break above with volumes then rallycango till 1000 or if rejected at resistance then 770, 730 levels...

Naresh_NM

Tara power forming cup and handle pattern with resistance around 245-250 and if it break then it can till 295 as short term target. Let's watch for 3-4 weeks for resistance testing. Note: this is just educational purpose and not for recommendations at all.

Naresh_NM

In weekly timeframe, there is an Inverse H&S pattern formed from Feb'22 till now.. it looks good in consolidation btw 5200-6900 range by taking historical support treandline at head bottom.( EMA 20/50/100 is around shoulder bottom -- ~6400 as immediate support too) So, this month would be key to get sustain around neckline and breakout towards 8500 range for...

Naresh_NM

In weekly timeframe, having trendline resistance around 77 ( where as monthly club is around 71) forming possible Cup and handle pattern with good volumes ...(last few sessions volumes shows strength).. If it continues the strength then next targets would be 75, 100+ in 6 months. Note: This is just educational purpose and not for recommendations at all.

Naresh_NM

In weekly timeframe, Tinplate formed possible Cup& handle pattern from 2018. So, as per my view in next couple of months it can go till 450 and if pattern breakout then it can go till 800 next 9-12 months. Next few weeks would be key to understand pattern depth or deviation if any. Note: This is just educational purpose and not for recommendations at all.

Naresh_NM

In weekly timeframe (mostly month/day), GICRE framing the bearish trendline from 2018 - it's acting as resistance and got rejected at least 4 times. Now, it's in triangle pattern with support line (all time low support line) with bearish resistance trendline It can see resistance around 137-143 and if it sustain above then it can go long. Next 4-6 weeks will be...

Naresh_NM

In weekly timeframe, BHEL resistance trendline from 2018 till now itgot 3 times and out of that 2 with good volumes in last 2 years. It broke the triangle pattern around 50 and consolidated nicely moved to 60+... Now, it set to test the 5 years trendline around 69-71. Intesting scrip to watch in next 3-4 weeks. Note: This is just educational purpose not...