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....
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. ...
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,...
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...
NIFTY has been on an upward trajectory and is ready take a pause unless the trend breaks on the upside.
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...
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...
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.
Share is at support, good time to add more shares
After striking resistance multiples times price broke the resistance , now the previous resistance will become support
The price comes to previous resistance, expecting a support now
If Flag & Pole pattern gives breakout then the possible target comes out to be 102083$.
MFSL Cmp 1159 dated 21-9-2024 (Weekly Chart) Positional 1. Cup Pattern BO @ 1150 (done) 2. Volumes Buy above 1170 dips till 1100 target 1200-1250-1300-1350-1400-1450-1500 SL 1040 Pattern target 1700 SL 1000 It is just a view, please trade at your own risk.
🔊 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...
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...
**MFSL has formed a bullish rounding bottom, indicating a potential reversal. The recent breakout above 1,150 confirms this pattern. Key points:- Upward Trend: The stock's price is trading above its 50-week moving average, suggesting a positive long-term trend. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish...
USD/JPY is in a tense phase as it trades at 142.48, close to the key descending resistance line. After failing to break through the 143.569 resistance level, the pair is sliding down, like a car rolling downhill, aiming for 141.269. But is this the final stop? If USD/JPY cannot hold at 141.269, we might witness a further drop, potentially sliding down to the...
54000 and 53000 are psycologycal numbe if open between this range it will be non trading zone is open above 54000 and takes support with proper retracement then 55800 will be next target in few days, you can go bull call spreads or or naked till rsi sustained above 70 in monthly time frame and daily, exit position if rsi reached 82.. no shorts for now