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Accumulationphase

Nerolac Paints: Can Resistance Turn to Support?Technical Analysis of Kansai Nerolac Paints: Nerolac Paints accumulation phase was followed by a healthy 10% move with high trading volumes. The stock has also demonstrated strength in weekly momentum, with above-average post-breakout volumes, also referred to as supporting volumes, indicating sustained buyer interest. A minor resistance at 300 has now turned into a minor support level. The next key levels to watch are Resistance 1 at 357 and Resistance 2 at 425. However, any correction in the Nifty index could extend the time required to reach these targets. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:KANSAINER
by sandeepbalachandran
2
Bandhan Bank: Momentum Builds, Can It Break Resistance?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, a broader market correction could make these targets harder to reach in the near term. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:BANDHANBNK
by sandeepbalachandran
2
SBI Cards and Payments [Potential Swing]Since October 2021, SBI Cards and Payments has been on a downward trajectory, eventually finding support at 690. However, the weekly chart suggests the stock may be entering an accumulation phase. Since January 2024, the price has been fluctuating between a low of 690 and a high of 760, which could indicate consolidation as buyers gradually accumulate shares. Additionally, there has been a noticeable increase in trading volume since October 2023, suggesting growing interest in the stock. From a technical perspective, the weekly MACD appears positive and is on the verge of gaining momentum, signaling a potential shift in market sentiment. The monthly MACD also reflects a steady decline in seller momentum, further indicating increasing buyer interest. At this stage, only two resistance levels have been identified. A breakout and sustained movement above the second resistance level (R2) will be critical in confirming a stronger upward trend. If the stock successfully maintains levels above R2, further resistance levels will be marked, providing clearer targets for future price action. Potential Risk : The primary risk to the stock's upward trajectory is the possibility of a broader market correction. Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:SBICARD
by sandeepbalachandran
Solid Breakout in Tech Mahindra after a long Accumulation PhaseHello Traders and Investors, i hope you all will be doing good. I have brought an analysis on Tech Mahindra, i hope it will be beneficial to you guy's, So let's start:- As we have seen a Neat and Clean solid Breakout of Tech Mahindra stock after a long Accumulation Phase. Do you guy's know What is an Accumulation Phase? Okay i will write what i know about it. Notable Characteristics of Accumulation Phase:- It shows that strength is building into security. The security starts trading in a well defined range, moving between the upper and the lower band of the consolidation. Market participants start becoming bullish on security in the accumulation phase. The Price starts moving in a range indicating that the price of the security is bottoming out. This phase indicates that a fight is happening between buyers and sellers and eventually, buyers take over sellers towards the end of this phase. So guy's i think this (Accumulation Phase) is clear now. So, Guy's same thing we have seen in Tech Mahindra stock also, earlier trend was Downtrend then Accumulation Phase, now as we have seen a breakout in it. So we can assume that now the trend will shift in uptrend. I have marked everything on chart like, Entry point, Targets and Stop loss. Please check chart for the levels. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:TECHMLong
by TraderRahulPal