Multiyear Breakout occured in VARDMNPOLY with a very good momentum. Now the multi year trendline has been broken. Good volume buildup is seen. The monthly resistance has also been broken. CMP 83.05 Support 74 Tgt1- 112 Tgt2- 130
Buy - MOTHERSON Entry - 127 TGT - 136 to 142 Stoploss - 119
NSE: CHAMBLFERT is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 17% to 25% gain on...
As we can see despite the weakness, BANKNIFTY showed its strength and also broke out of the W pattern which was supported by the retest as analysed in our previous analysis! We can expect more of upmove till its new ATH so plan your trades accordingly
Potential Selling opportunity on CADJPY Bearish price action overall with our candlestick analysis pay attention to price action on the lower TF where you can find your entry points. A clean break & retest above 111.63 can open room for further upside PAY ATTENTION TO PRICE ACTION!!
Buy PIDILITIND Entry - 2840 Target - 3038.8 to 3180.8 Stoploss - 2697
Buy Tata Chemicals BUY - 1086 TGT - 1161 to 1215 Stoploss - 1010.5
It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and...
As we can see NIFTY broke below the ascending triangle pattern in smaller time frame and showed directional move in first half but recovered strongly in the second half which shows the immense buying pressure of the bulls and every dip is being bought! Hence the breakdown could be a possible trap to which a further continuation of upmove can be witnessed above our...
Nifty open with negative note and rangebound throughout the day. Nifty has formed another Doji candle on daily chart, which indicate indecisiveness among bulls and bears. Index find immediate support at 22303 level and resistance will be 22520 level. This suggests caution and the need for careful decision-making in the current market environment. ⚠️ Important:...
NSE: ADSL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 13% to 20% gain on...
As we can see NIFTY is getting squeezed since last few days and had been trading in a tight range. It could be either a distribution phase aur accumulation forming a flag-pole pattern for continuation of the trend so either way a big is coming up anytime sooner so plan your trades accordingly everyone.
Rico Auto is breaking all old Highs July 2005, Oct 2017 July 2023 Keep Watch on this Fresh Breakout above 144 Targets 169.195 in 2 quarters Check Fundamentals though
Index open with positive note and made all time high that is 22440. Index has formed Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as the closing was near the opening levels. We may see trend reversal in near future. Next levels for nifty will be 22520 upsides and 22303 level downsides. ⚠️...
Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out. An intraday bullish trade can be captured in the stock. If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made. Target levels :- 1647, 1660. If the Cup and handle formation pattern follows up, Stop...
The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone...
Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow. Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels. If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the...