In the Weekly Chart of IDFCFIRSTB , we can see that, it is holding strongly on support after consolidation of 7 weeks. Enter on breaking the current candle's High with Low as SL.
In the Weekly Chart of ASHOKLEY , we can see that; After Cup & Handle breakout, it has formed a Decision making candle on Trendline. It's a third inside candle. Enter on breaking its High with low as SL.
IIFLSEC is taking support at demand zone after a fall. Volume was gradually decreasing during the fall. 119 is seen as a strong support. There is a potential to deliver 36% in a short/mid term.
Rounding Bottom pattern completed in CARYSIL. LTP is at neckline zone. If the momentum continues, we can expect a 17% reurn in short/mid term.
Symmetrical Triangle Pattern is progressing in HUDCO. It has a also taken support within the symmetrical triangle. Monthly CPR is narrow. CMP 202 Support 190
VIDHIING was in a consolidation for several months. Now it seems like an end to the consolidation with good volume. A strong bullish candle has broken the rectanle pattern. CMP 473 Support 454
STEELXIND broke the ressitance zone and has taken support after a pullback. It has a potential to deliver 72% in mid term. Excellent volume is also seen from last few weeks.
Cup & Handle pattern formation completed in ZENSARTECH. The neckline has also been broken. Very High chance to continue upward trajectory.
Titan Cmp 3655 dated 16-2-2024 1. Three White Soldiers after a downtrend & consolidation. 2. RSI BO Buy above 3665 target 3700-3725-3750-3775-3800-3850-3880 SL 3550 It is just a view, please trade at your own risk.
Weekly Ascending triangle The Resistance has been tested 4 times and support line is continuously drifting up signifying buyers interest. GTT can be placed at breakout level of 1558, with a stop loss of 1461 previous weekly candle low. T = R + H, Where: T – target price; R – resistance (horizontal line); H – pattern's height T= 1558+638.
Trendline Breakout in #CHAMBLFERT with an excellent volume. The chart looks strong as the breakout happened with a momentum day candle CMP 372 Support 355 Tgt 460|515
TATATECH penetrated the Resistance Zone with very good momentum day candle. The volume is also seen comparatively high. High chance to broke the monthly resistance and continue upward trajectory
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
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!!
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...