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...
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. ⚠️...