Financial Performance Overview
Mankind Pharma, a leading player in the pharmaceutical sector, recently released its Q3 financial results for the period ending December 31, 2024. The company reported a 16.5% decline in net profit, falling to ₹384 crore from ₹460 crore in the same quarter last year. This decline was primarily due to increased expenses, including...
Technical Analysis:
Gold prices have been experiencing a consistent uptrend for the past few months, attracting significant investor interest in both physical and virtual gold. Analyzing the gold futures chart since 2016, we observe a steady pattern of higher lows, confirming a strong bullish trend.
From 2020 to 2023, gold faced a strong resistance at the...
Current Analysis:
Momentum Indicators:
Rate of Change (ROC): Currently at 4.84, above the 0 line, indicating a positive momentum.
Commodity Channel Index (CCI): The CCI is at 196, signaling strong upward momentum.
Relative Strength Index (RSI): At 58 on a daily basis, showing a positive trend and potential for further upside.
Trade Setup:
...
History & Context:
Previous Decline: IRFC has fallen from its top of 227 to its bottom of 108, representing a 53% decline.
Recovery: The stock has recovered 17% from its bottom, indicating some strength.
Inverted Head and Shoulders: Over the past 22 days, the stock has formed an Inverted Head and Shoulders pattern, which typically signals accumulation at...
Reason 1: Three-Week High Breakout – The stock has broken a significant three-week high, signaling a potential uptrend.
Reason 2: Strong RSI – The RSI is showing strength, currently at 57, which indicates momentum is in favor of buyers, with room to reach resistance near 68.
Reason 3: Daily Momentum – The daily movement shows positive momentum with a 2.61%...
1. Current Context
Strong Single-Day Upside: Zomato surged roughly 7.5% in one trading session. This kind of momentum often signals a short-term bullish push, possibly driven by high volume and buyers stepping in at key support levels.
Recent Bearish FVG (217–259): You’ve highlighted a Fair Value Gap between approximately 217 and 259. When price enters a...
Retracement Entry: 1235–1225
Look for a pullback into the 1235–1225 zone to initiate fresh longs.
Upside Target: 1284
Stop-Loss: Below 1225 (adjust according to your risk preference).
Breakout Scenario
Key Resistance: 1290 (daily close basis).
If price closes above 1290, expect a bullish continuation toward 1316–1334.
If it breaks above 1290...
Technical Analysis:
L&T has shown a strong bullish sentiment over the past two decades. The stock has experienced significant growth, with notable annual increases:
2021: +47.24%
2022: +10.02%
2023: +69.05%
2024: +2.32%
The stock created an all-time high of ₹3,963.5 in December 2024, followed by a phase of profit booking and correction. Currently, L&T...
Technical Analysis:
Solar Industries stock has exhibited massive bullish growth over the past decade, showing a consistent uptrend since 2009. In 2023, the stock reached a high of ₹7,833, which was later breached in March 2024. Interestingly, this level acted as a strong support multiple times in April, May, and June 2024.
After this support, the stock saw a...
Weekly Recap:
The Bank Nifty closed the week at 48344.70, posting a decline of -1.30%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,236 - 48,455
Support & Resistance Levels:
Support Levels:
S1: 47,907
S2: 47,470
S3: 46,956
Resistance Levels:
R1:...
Weekly Recap:
The Nifty 50 closed the week at 22,397.20, marking a significant Decline of -0.69%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,472 - 22,323.
Support & Resistance Levels:
Support Levels:
S1: 22,698
S2: 21,802
S3: 21,448
Resistance...
Weekly Recap:
The Bank Nifty closed the week at 48497.5, posting a pull back of 0.32%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,387 - 48,608
Support & Resistance Levels:
Support Levels:
S1: 48,059
S2: 47,620
S3: 46,956
Resistance Levels:
R1: 48,939
...
Weekly Recap:
The Nifty 50 closed the week at 22,552.50, marking a significant Pull back of 1.93%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,477 - 22,628.
Support & Resistance Levels:
Support Levels:
S1: 22,254
S2: 21,955
S3: 21,629
...
Based on your daily candlestick pattern analysis for NTPC as of March 10, 2025, here’s a breakdown of the potential trade scenarios:
Current Setup & Key Observations:
1. Tweezers Top & Doji Formation:
A Tweezers Top indicates strong resistance and potential trend reversal.
Three consecutive Doji candles suggest indecision but could act as a signal for...
1. 🔴Bearish Opportunity (Selling Pressure Zone)
Key Resistance Area: 1,793.05 - 1,818.55 (Bearish Order Block + Fair Value Gap)
Plan: If the price moves into this zone and shows rejection (wicks, strong red candles, or divergence), it could turn lower.
Potential Targets:
1,688.00 (Bullish Fair Value Gap) – First exit
1,589.30 (Major Bullish Fair Value Gap)...
Technical Analysis:
The Reliance stock has exhibited an insatiable bullish trend in the last three decades. In particular, in 2020, the stock witnessed a strong resistance level around ₹1000-₹1050, which was tested repeatedly during 2020-2021. However, in August 2021, this resistance level was broken, becoming a powerful support level in 2022-2023.
The stock...
