Nifty Metal is all ready to make a new ATH. The chart structure indicates a bounce from strong support trendline and we have seen a breakout today of 9400 level. Levels to watch are 9600, 9750, 10000++ Keep metal sector stocks in watchlist for quick swing like Vedanta, Hindzinc, Hindcopper. SAIL is available at an amazing support retest and can be a good...
As seen on the chart, Grasim stock is trading near a strong supply zone of 1750-1775. The stock also has taken support from trendline which is drawn from 2020 lows. If the stock manages to break its ATH level and sustain above this supply zone for few weeks, we can see a flag breakout and a new bull uptrend in this stock. However, rejection from supply zone can...
Dmart has been consolidating in an ascending triangle pattern since it had tested its strong demand zone of 3200-3300. Stock managed to give a weekly closing above the resistance of 4200. It is a high risk, high growth stock, so trade accordingly. Valuation at current price is not good for investing. Stock can touch ATH if we see a bullish market again.
POLICYBZR has crossed ATH today. Seems good with support below 1350
Entry Range: Current price level Targets: Target 1: ₹961 Target 2: ₹1290 Stop Loss: ₹729 Trade Rationale: ATH Breakout : The stock has broken out from its all-time high, indicating strong bullish momentum. Technical Indicators : Volume Support Levels : The stock has strong support around ₹729, making it a reasonable stop loss level. Risk Management :...
Nifty has touched the upper trendline, previously whenever Nifty has touches the upper trendline it has give a correction or a sideways movement and slow downward movement. 23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!
We are witnessing a remarkable opportunity as GEECEE VENTURE makes an all-time high breakout. The price structure leading up to this breakout is quite compelling, adding to the appeal. However, it's crucial to exercise caution to avoid getting caught up in a potential fakeout. Here are our criteria and steps for this trade: Confirmation Close: We need...
An index analysis idea after many many months. Reason:- Today, we saw a short covering 400 points up move in Nifty with an ATH closing. What is the chart speaking now? Nifty has given daily closing above 22800 which was a strong supply zone. 23000 is a psychological resistance in Nifty now. As from chart, it is clear that our dear Nifty is trading in a channel...
KNRConstruction is an undervalued infra theme stock which is looking strong on chart. It has given a flag breakout and above its ATH, it has potential to fly. Q4 results of stock are amazing and it can fuel the rally. Keep in watchlist. Not a recommendation
Sumitomo has a strong demand zone at around 345-350 levels which has been tested multiple times. Stock is looking strong as a reversal trade since we can see good volume buying from demand zone. A weekly closing above 450 will open ATH and above targets for the stock. Keep in watchlist. Just my personal opinion and not a recommendation
Cartrade has given outstanding Q4 2024 results and bullishness in the stock is indicator of same. However, these stocks come with good amount of risk with bigger rewards. Stock has formed beautiful cup & handle pattern and is about to break it. Once 1000 is crossed, we can see ATH levels soon. I had seen similar breakout in PBFintech (Policybazaar). If you...
Nifty Analysis - Stance Bullish⬆️ Recap from yesterday: "We are now very close to the ATH and once we take out that, we can safely remove the double top pattern." Nifty does a decent climb to hit a new all-time high of 22783 and then a brutal fall of 215pts ~ 0.95%. No matter how professional a trader you are, you cannot set a trap to make money out of that move....
ICIL is a good investment stock forming a beautiful cup and handle pattern in multi year time frame. Once ATH is broken, we can see big and quick move in this stock. Long term investors can look for 2x returns as well.
Som distilleries has retested a strong support zone and has formed strong bullish pattern in weekly time frame. If bullishness continues, we can expect 2x returns from this stock in medium term.
1. Nifty Overview: - Downtrend observed, finding support near EMA 200. - Magical rebound as Nifty touched EMA 200 support. - Result: Nifty achieves a new all-time high. 2. Finding New Targets: - Utilizing Fibonacci extensions for target projection. - New targets identified: 21150, 21620, 22320. Exciting times ahead for Nifty! 📈🚀 #Nifty
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “On the higher timeframe, the last candle of the day stands out, ample GREENery for the Bulls to feast. We are not removing the double top (M pattern) for now, because to negate that Nifty50 has to take out the ATH.” 4mts chart Was the Nifty’s price action predictable in the last 2 days? What do you...
NRBBEARING 1) Time Frame - Monthly. 2) Primary Trend strong breakout & All time high. 3) Expect 17.5% ROI in upcoming days. 4) Recommendation - Strong Buy