Breakout
Shift from Downtrend to Sideways – Will It Hold or Reverse?Looks like NIFTY and Bank Nifty have entered a sideways zone,
Nifty Range
Upper / Resistance : 24500
Lower / Support : 23900-23800
Bank Nifty Range
Upper / Resistance : 52350
Lower / Support : 51150
#Nifty #BankNifty #Sideways #Patterns #Trend #change
Grse & Mazdock: Hidden Channels Unveiled! CT Breakouts ahead ? In this video, we dive deep into the strikingly similar price structures of GRSE and Mazdock. Both stocks are navigating a hidden parallel channel, with a recent breakout of a key counter trendline. GRSE is showing trendline support, despite making slightly lower lows, while volumes across both stocks suggest potential for bigger moves. Watch closely as we map out potential pathways for future price action setups. Keep these stocks on your radar and let's revisit after the breakout!
Exide Industries Breakout & Retest | Swing Trade IdeaExide Industries has recently broken a counter trendline and is currently retesting the breakout level. The stock has also breached the mother candle, but it remains inside a parallel channel that could act as resistance. Keep an eye on how the price reacts within the channel – a breakout above could open up new opportunities, but the channel resistance may cause hesitation. Manage your risk and stay aware of the overall market structure before making a move.
Market at Crossroads: Will the Next Move Be Up or Down? After 1200 points down side in 5 days, will nifty continue to fall more or it will consolidate for the new upside run ??
Nifty looks oversold in smaller time frame, looking at those it seems we should see some bounce back up !
Overall to stay cautious and stay alert on the indexes, would suggest to stay away from Futures and Options.