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Bullishmomentum

Bullish Swing Trading Setup in HAVELLS INDIA LTD Today Havells performed well after breaking it's major resistance of 15 minutes. My expectation is bullish for few trading sessions but only after a retracement. If Price retrace then I will have bullish overview for a swing, so it's better find bullish opportunity for upswing. If price sustain above previous resistance which can act as a support. This is just a overview, I am not recommending to buy or sell. This information is just for educational purposes, remember I am not SEBI REGISTERED
NSE:HAVELLSLong
by jain_abhishek
Devyani International Potential Bullish MomentumFollowing a notable consolidation phase that commenced in January 2024, Devyani International has exhibited promising technical signals, suggesting a potential shift towards a bullish trend. Last week, the stock successfully breached the pivotal resistance level of 185 on the weekly timeframe, which is a critical psychological and technical milestone. The 20 EMA has crossed above the 50 EMA on the weekly chart, a classic indicator of bullish momentum known as a "Golden Cross." This crossover typically signals a potential uptrend and aligns with the stock's recent move above the 185 pivot point. Both the daily and weekly RSI readings have indicated bullish momentum, suggesting the stock has been gaining strength relative to its price action over the observed periods. The MACD indicator on both daily and weekly charts is also reflecting bullish dynamics, with the MACD line crossing above the signal line. The stock has managed to close above the equilibrium level, a point where buying and selling pressures are balanced, on both the daily and weekly charts. A sustained close above this level could signify strong sentiment among investors, further corroborating the potential for upward momentum. A Change of Character has been observed on the weekly chart, indicating a shift from prior selling exhaustion to potential buying interest. This technical pattern often precedes substantial price movements, and in this case, it may suggest that sellers are losing control, paving the way for bulls to take the lead. Given the aforementioned technical indicators and patterns, the next resistance level is identified at approximately 236. Should the stock continue its bullish trajectory, this represents a potential upside of around 25% in the short term. Traders should closely monitor volume trends and broader market sentiment to fortify their positions. Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always seek the advice of a qualified financial advisor or conduct your own research before making any investment decisions.
NSE:DEVYANILong
by NiftyNotions
NBCC - Should continue to move higherPrice Analysis & Overview: 1. Strong weekly candle closing. 2. Good Volumes. 3. Expecting strong trendline breakout and continuation. 4. I will plan trades accordingly. - Stay tuned for further insights and updates, and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:NBCCLong
by SuperNova396
ASALCBR - 1.5 Months Downtrend / Consolidation Breakout - ATHAssociated Alcohols & Breweries Ltd 1) Time Frame - Daily. 2) The Stock has been in a downtrend / consolidation since (June, 2024) after breaking it's previous life time time of (653.65) . Now It has given a downtrend / consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame. 3) The stock may find it's next resistance around the price (920 - 20% from the price 762.25). 4) Recommendation - Strong Buy.
NSE:ASALCBRLong
by SHRIHARII
Stock Market Analysis Report: IRCON International Limited Introduction Hello, fellow traders! Buckle up because IRCON International Limited is on the move, and it’s picking up speed faster than a bullet train! 🚄 Let's dive into the technical analysis and see what the charts are telling us about this infrastructure giant. Price Action Overview Chart Analysis Current Price: ₹307.75 Daily High: ₹315.80 Daily Low: ₹286.50 Volume: 116.643M Key Technical Indicators Breakout: The stock has just experienced a significant breakout. Support Levels: Identified at ₹175.67 (Support 1), ₹214.03 (Support 2), and ₹266.25 (Support 3). Massive Volume Buildup: Indicating strong buying interest. Detailed Analysis Breakout Breakout Level: ₹307.75 Implications: This breakout suggests a strong bullish sentiment, indicating the potential for further upward movement. Volume Confirmation: The breakout is supported by a massive volume spike, which adds credibility to this move. Support Levels Support 1: ₹175.67 - This is a long-term support level, providing a solid foundation. Support 2: ₹214.03 - A medium-term support level, crucial for maintaining bullish momentum. Support 3: ₹266.25 - The most recent support level, pivotal in the current trend. Massive Volume Buildup Volume Trend: The significant increase in volume suggests strong market interest and participation. Significance: High volume during a breakout indicates robust buying pressure, often leading to sustained price increases. Price Targets Immediate Resistance: ₹325.00 - The next level to watch for potential resistance. Medium-Term Target: ₹350.00 - A psychological level and potential profit-taking zone. Long-Term Target: ₹400.00 - If the bullish momentum continues, this could be a feasible target. Conclusion IRCON International Limited has shown a powerful breakout with strong volume support, indicating a bullish trend. With significant support levels in place and increasing market interest, this stock could be on a solid upward trajectory. Keep an eye on the immediate resistance at ₹325.00 and watch the volume closely for further clues. Happy trading, and may your portfolio be as strong as IRCON’s infrastructure projects! 🏗️📈 Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
NSE:IRCONLong
by TRADING-NASA