Weekly Recap:
The Bank Nifty closed the week at 49,099.45, posting a decline of -2.11%. The index faced selling pressure throughout the week, reflecting broader market weakness.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,996 - 49,182.
Support & Resistance Levels:...
Weekly Recap:
The Nifty 50 closed the week at 22,929.25, marking a significant decline of -2.68%. The bearish momentum dominated the market, pulling the index lower as selling pressure intensified.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,977 - 23,067.
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Analysis Timeframe: Daily
Analysis Type: Price Action | Fair Value Gaps (FVG) | Order Blocks (OB) |Fundamantals
Manappuram Finance reports a 6% YoY rise in Q3 net profit to ₹453 crore, with revenue growing 35.1% YoY. The company declares an interim dividend of ₹1 per share, highlighting strong financial performance.
Mannapuram is currently trading at 194.06,...
Technical Analysis:
Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend.
In...
1. Current Market Context (around 495)
Market at 495: Price is sitting just under the 61.8% retracement (labeled ~495 in the chart), so this area is a potential inflection point.
If the market can push and hold above this 61.8% retracement level, it may look to fill higher Fair Value Gaps (FVG) or move toward the next major resistance levels shown near 525–546.
...
Aarti Pharmalabs Ltd. is a prominent player in the pharmaceutical industry, specializing in the manufacturing of Active Pharmaceutical Ingredients (APIs), pharmaceutical intermediates, and xanthine derivatives. The company operates six manufacturing plants and two R&D centers, catering to a diverse range of therapeutic areas, including cardiovascular,...
SBI Cards and Payment Services Ltd is nearing its breakout level of ₹850, with the current price at ₹816. A breakout above ₹850 could signal an uptrend, with potential targets at ₹860, ₹870, and ₹900.
1. Key Market Update:
The Reserve Bank of India (RBI) has lifted restrictions on Kotak Mahindra Bank, allowing it to resume onboarding new customers and issue new credit cards. This move is expected to boost investor sentiment and drive potential upside momentum in the stock.
2. Impact on Price Action & Technical Analysis:
Bullish Breakout Trigger:
The news acts...
Ganesh Housing Corp Ltd is nearing its breakout point at ₹1,500, with the current price at ₹1,388. A surge beyond ₹1,500 could initiate a bullish trend, with possible target levels at ₹1,525, ₹1,550, and ₹1,600.
Vimta Labs Ltd is approaching its breakout level of ₹1,190, with the current price standing at ₹1,132. A rise beyond ₹1,190 may signal a bullish trend, with possible target levels at ₹1,210, ₹1,240, and ₹1,300.
Vimta Labs Ltd is approaching its breakout level of ₹1,190, with the current price standing at ₹1,132. A rise beyond ₹1,190 may signal a bullish trend, with possible target levels at ₹1,210, ₹1,240, and ₹1,300.
Technical Analysis Insights:
Head and Shoulders Breakout:
The stock has completed a bullish Head and Shoulders pattern, breaking out of a 162-day consolidation range. This indicates strong buying momentum and the potential for further upside.
A price target of ₹642.95 has been projected, derived from the pattern, with intermediate retracement zones identified...
As we enter the new trading week, the Bank Nifty index closed at 50,158.85 for the current week, setting a pivotal stage for the upcoming week. Here's a detailed look at the key levels, the market sentiment, and how the price action could influence Bank Nifty's performance, particularly focusing on the crucial price action pivot range.
Current Week's Close:...
As we move into the trading week, the Nifty 50 index closed at 23,559.95 for the current week, and the market appears poised for potential volatility based on the pivot range and sector-specific sentiment. Here’s a closer look at the key levels, the market's sentiment, and how price action could influence future movements.
Current Week's Close: 23,559.95
The...
Analyzing the price action of Indus Tower with a focus on Fair Value Gaps (FVG) and Order Blocks (OB). The chart highlights a bullish breakout above the resistance at 361, with a strong support zone aligning with a Bullish Order Block and FVG near 350.
Price action suggests a potential continuation toward the upper Fair Value Gap around 374, marking a key...
Hindustan Zinc Limited (HZL), established in 1966, is a leading Indian mining and resources company specializing in the production of zinc, lead, silver, and cadmium. As a subsidiary of Vedanta Limited, Hindustan Zinc holds a dominant position in the Indian zinc market, commanding approximately a 75% share.
Financial Performance:
In the quarter ending...
Hindustan Zinc Limited (HZL), established in 1966, is a leading Indian mining and resources company specializing in the production of zinc, lead, silver, and cadmium. As a subsidiary of Vedanta Limited, Hindustan Zinc holds a dominant position in the Indian zinc market, commanding approximately a 75% share.
Financial Performance:
In the quarter ending September...
