IOC, Technical OutlookAfter the break of structure the price has been trading in the negative zone. The breakdown of 164 could open the levels of 161. But the range of 164 to 161.40 could also act as a strong support zone. But the probability of a negative move is high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Breakofstructure
PNB, Intraday View for 18-JuneDuring the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty 2 Hour Swing Chart, Technical OutlookThe price has given the break of structure on the down side.
The broken structure indicates a start of a downtrend.
But the downtrend will be confirmed on the breakdown of 22,417.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
WSTCSTPAPR: BO of a Small Base, Poised for Further Upside!WSTCSTPAPR appears to be on the verge of a significant move as it breaks out of a small base. The price action suggests that the stock has built a solid foundation and is now ready to make a move to the upside. This breakout could be a strong signal for potential further gains.
Key Points:
Base Breakout: The stock has convincingly broken out of a small base, indicating a potential shift in momentum.
Uptrending Chart: The overall chart for WSTCSTPAPR is displaying a nice uptrend, reflecting positive investor sentiment and sustained buying interest.
50 SMA Support: The stock is currently finding support around the 50-day Simple Moving Average (SMA). This is a positive sign, as it suggests a healthy trend, and the 50 SMA could act as a support level for potential pullbacks.
Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Trading involves risks, and past performance is not indicative of future results.
SAREGAMA looks good for investment for medium to long termThe recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal.
In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.
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