Price action in Vedanta (NSE: VEDL) looks strong as seen on this monthly chart. The stock seems to have broken out of this tilted trendline and is heading toward All-time high of 495-500 zone. Long can be initiated above 385 for 495 as the target. SL may be kept at Jan'22 low of 307. Note that this is monthly chart and hence target & stop loss are relatively big....
hi friends BSE was consolidating for two months now came out of traingle pattern and then made new parallel channal and also coming out of this channal above it we can see all time level will be tested but for two days it has been able to sustain at that level . we can expect a bigger move once it breaks that chanal and alltime high level , but we can enter at...
NSE:CHOLAFIN Sets an ATH. Now it's trading in Resistance Zone. It forms good bullish candle set an all time high. But in Monday, It has formed huge bearish candle from the top. Wait for the direction confirmation.
NSE:NAHARPOLY Fibonacci Breakout with ATH Closing Triple Bottom Base with Volume Contraction Pattern Strong Support at Fibonacci Levels Potential : Minimum 50% Target: 391-437-512-558 Weekly RSI> 55 and rising Volume Rising Previous Chart of NaharPoly (Which achieved all targets) is provided in the Link below
NSE:SBIN is nearing to all time high 543. It reached the previous All Time High (ATH) resistance zone and trendline resistance level. On Jan 28th it showed the rejection from top with good bearish candle and Jan 31st it forms a good bullish candle. Based on the market direction take the trade.
No doubt that market will be highly volatile ahead of Budget Summary 1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45 Channel width is 1,566 points. 2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue. 3) There is also a Red channel which has...
Nifty gave a breakout on daily timeframe and has retested sucessfully again on its trend line. Now its time for NEW highs.
NSE:CNXAUTO NIFTY AUTO INDEX in CUP & HANDLE Formation. Awaiting Breakout above 12050 on Weekly Closing Basis. This is the Resistance not broken since 2017. Once Breakout happens after 4 years, it would open path for New Targets : 14000 - 16600 - 19500 Buy AUTO ETF SL: 9950 Golden Crossover & rising weekly RSI Link to Charts of Auto Ancillaries shared recently
For Breakout and continuous uptrend, double bottom neckline retest is must to travel further for ATH to 605.
#cosmofilms Has given strong breakout today. Weekly close is good. Completed Fib retracement and bounced from there. Add till 1655. #vr
1. Stock traded downside in a range during market correction. 2. Broke out from range and formed small symmetric triangle. 3. Again brokeout from triangle and made ATH. Ready for good upside move, given that the textile stocks are in good upside momentum.
ADANIENT facing resistance at all time high levels near 1760-1790. after knocking for many times now resistance may get weaker... Fibonacci also shows it is taking support at 23% retracement level, wait for closing above 1740-1760 then it may give good returns in short time...
1700 Level was long term strong resistance, which was taken out & retest done. Trend reversal possible from this range
In the chart, the orange line shows Nifty 50's move viz a viz the Small Cap index. Both seem to move in tandem Nifty Has given a bullish reversal today - so I'm expecting Small caps to tag along and break the previous ATH.. already it has formed an inverse HnS of sorts! Hold on to your seat. 2022 looks pretty interesting! Cheers! George
Navin fluorine is at the all time and has given breakout with a huge candle and volume if the price stays above breakout which is 4160 then it will be a good buy, with a stop of 3800 and expecting target of 5000 and 5150.
1. Symmetric triangle formed. 2. Breakout of Symm triangle. 3. Retested the breakout 4. Price broke previous All time high with support of great volumes **Great opportunity for swing trade with support of technicals validating at every stage. ** CDSL is monopoly until NSDL comes for IPO. ** Provided with the present Bull Run & IPO season the revenue will be all...
Hi All, The benchmark index (NIFTY50) has become somewhat weak now or to put it better we can say that the power of bulls is now being challenged by the bears. In this phase the trader needs to become really cautious and find some really good setups where the R:R should be given highest priority. Above is the weekly chart of one such setup. Finolex cables gave...
SRTRANSFIN looking good as stock shown good rally and now taking support at all previous all time high looks good if breaks above trendline (Stocks showing same structure as Ingresoll rand -- see that idea too for reference )