Pattern: Long-Term Trendline Break Stock: Kotak Mahindra Bank Timeframe: Weekly Status: Trendline broken with volume confirmation Pattern Characteristics: The stock has tested the long-term trendline 5 times in the past, failing to break through. Finally, it has broken above the trendline with a significant spike in volume, indicating a strong momentum...
This image shows a price chart for Escorts Kubota Ltd stock, Here's an analysis of the key elements: 1. Price Action: - The stock has been in an overall uptrend since April. - It formed a symmetrical triangle pattern from June to September, which it has now broken out of to the upside. - The current price is 4,079.25 INR, up 4.88% on the day. 2. Key...
The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. Volatility Contraction pattern development in RVNL . first level is 19.9 % Second level is17.25 Stock is now following the Trend lines pattern as shown . Not necessary it will follow the same pattern. ...
Hello Traders! What are your thoughts on NAS100. Below are my expectations: Price is currently in a bullish trend/channel. Now, we have two possibilities that we should be looking at for us to make a move. Either price breaks the trendline, retests then we are in for massive sells as indicated. Or if it fails to break and retest then we would be waiting for a...
Campus Activewear Ltd was incorporated on September 24, 2008, and is one of India’s largest sports and athleisure footwear brands in terms of value and volume. The company manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops, and Sandals, available in multiple colors, styles, and at...
BHEL has been in impulse wave since 2020 & is completing Wave 3 of lager wave (3) so 1 more wave looks pending a close above 280 would be first sign of correction has ended & the recent low was wave 4 which ended in ABC in a irregular flat or we might make a new low but should end between 234-224 right now shorts are not a good idea in current wave structure.
The stock has comeout from boundary box The Stock is seeing volume contraction post that Levels will be known soon
It has already crossed the Fibonacci level of 2477 and it is expected that it will again test the Rs 2470 level when one can add positions in it which can be seen up to 2800 and 3400.
IRCTC Stock: A Technical Overview with RSI Insights 📉 Disclaimer: This is a technical analysis of the IRCTC stock and does not constitute financial advice. Always consult a financial advisor before making any investment decisions. 🔍 Chart Overview The chart under discussion represents IRCTC (Indian Railway Catering and Tourism Corporation) on the NSE, set on a...
Hello everyone! It’s me again, Alisa. Let’s dive into today’s gold prices together! Just as I predicted yesterday, gold has surpassed the $2,600 mark, setting a new historical high. This precious metal has surged over $35/ounce compared to the previous session’s close, equating to a 1.37% increase. Tensions in the Middle East and investors’ bets that the Fed will...
Technical Analysis of Bandhan Bank: Bandhan Bank is currently in an accumulation phase, characterized by relatively high trading volumes. The stock is showing strong weekly momentum, suggesting potential upward movement. Key resistance levels have been identified, with Resistance 1 at 258 and Resistance 2 at 345. However, with the Nifty index trading at its peak,...
Headquartered in Hyderabad, Telangana, Hariom Pipe Industries Limited is an integrated steel manufacturer with a stronghold in the South Indian market. It hasa diverse product portfolio consisting of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils, and Scaffolding Systems. Technically chart is forming CnH Pattern and retested the BO levl of 740....
2700 2750 could see some Decent profit booking for Gold, as it would mark the end of Impulse wave 5 of This Elliott that started at 1600.
Hello friends, today I am sharing an idea with you all which can work as an additional perspective for traders who are already in long positions in Banknifty and as a trading idea for me so let's quickly talk about it below. So as you can see that in the last working session price broke the old all-time high horizontal resistance and gave a new all-time high...
XAU/USD is "climbing" strongly, currently holding steady at $2622.235, shielded by two "barriers" of support from EMA 34 ($2585.142) and EMA 89 ($2558.524). If a pullback occurs, the $2579.829 zone will be a key "anchor." But don't overlook the resistance at $2655.663 – if this level is breached, it opens up new growth potential. Of course, "winds" from the FED...
🔊 IREDA - Ready To Bounce From Support IREDA - INDIAN RENEWABLE ENREGY ⌛Duration - Short Term (3 month to 5 month) 📊📈 Trade Logic - Bouncing from Long Term Support Area CMP - ₹232.37 Time Frame - Weekly 🎯Target 1 : ₹260 🎯Target 2 : ₹280 🎯Target 3 : ₹300 🛑 Stop : ₹210/₹220 🏆 Risk/Reward Ratio (1: 2.5) Disclaimer: The stock information shared here is not a...
ETHUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline...
Price is consolidating in the form of triangle and also it is at support. Buy above 13100 with the stop loss of 13060 for the targets 13140, 13180, 13220 and 13260. Sell below 12980 with the stop loss of 13020 for the targets 12940, 12900, 12860 and 12820. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre...