Entry Range: ₹250 - ₹270 Target: ₹380++ (more than 30% to 40% upside potential) Stop Loss: Below ₹230 EMA Levels: 21 Days EMA: ₹275.90 21 Weeks EMA: ₹249.05 200 Days EMA: ₹243.83 Technical Analysis: Religare Enterprises is currently in a consolidation phase, showing signs of bullish momentum on the weekly chart. The stock is holding strong above the 21-Day EMA...
IRFC has been in a downtrend since Aug 5, 2024. It has fallen over 11.6% to date. 20 EMA (Black) line has just fallen below 50 EMA (orange) line, confirming in the bearish trend. IRFC failed to hold the 174 level and the support was broken decisively with volume confirmation. Next important support levels to look for: 155, 143 and 117 levels. The upside...
Seems like stocks healthy correction till Fib 0.5 has been completed 1970-80 looks good support to bounce from View changes below 1960 So risk reward is excellent Wait for at least 1 proper bullish signal candle in LTF (30Mins) before entry
Upside momentum is strong. We have more confluences to go up(See list of confluence in chart). Do not Go for sell at the moment.
All security stocks are giving good rally from past weeks Only stock left in that segments is icici securities It has given multi-year breakout and formed cup and Handel in weekly chart don't miss the chance No buy or sell recommendations
A good VCP pattern going on in LICI, a good entry point can be once it starts to form a rounding pattern or consolidation.
TRAINGLE PATTERN in MUKKA Resistance act as Support Stochastics at OVERSOLD
Bank Nifty: Current View: Here, too, we expect a correctional target at the 38% level on the downside. After that, if the market breaks or consolidates around the 38% mark, the correction is likely to continue. > A notable point here is the pullback around the 38% level. If the market finds support and bounces back, structurally, it won't move significantly...
Good morning, friends! 🌞 Here are the market directions and levels for September 19th. Market Overview: Both global markets and our local markets are still showing a moderately bullish trend. Moreover, today the market is expected to open slightly neutral to gap-up, with SGX Nifty indicating a positive move of around +70 points as of 8 AM. In the previous...
MPhasis : Double Top (M) Breakdown possibility Looks weak only below 2929
NSE:MOTHERSON stock is consolidating at All Time High levels after strong run. Yesterday spike in volume indicates strong accumulation in consolidation phase and stock is getting ready for breakout. After Resistance Breakout above 210 stock will make fresh higher highs again. Support levels in short term at 192-195 and for mid to long term at 185 on the upside...
Bandhan Bank : Looks good for ascending triangle breakout Strong above 215.5 with support at 210
ABFRL took support near 310 and also done channel breakout and 325 level breakout. should move upwards till 345. Also good volume shown.
MOTHERSON -Symmetrical Triangle -Breakout-Daily Motherson chart formed symmetrical triangle pattern. In technical analysis, this pattern is characterized by two converging trendlines, with the price making lower highs and higher lows over time, ultimately forming a triangle shape. This formation often indicates price consolidation before a potential...
Near channel Breakout. If close above 1492 it will show fast upwards move till 1552. can retest till 1444. Keep in watchlist for swing trade.
Bank Nifty : Inverse Head and Shoulder breakout in progress Currently at resistance Breaking out is crucial for upmove
GBPUSD consolidates Fed-induced gains as traders await monetary policy announcements from the Bank of England (BoE). That said, the Cable pair reached a fresh 30-month high after the US Federal Reserve’s (Fed) 0.50% rate cut that drowned the US Dollar across the board. Buyers stay optimist Although the Pound Sterling struggles to hold at a 2.5-month high, not...
As I have updated everyone on the Gold Plan through previous trading plans (check in the trading idea section). Currently, gold has reached the 2544 - 2548 zone and is showing a reaction, but I feel it is not very strong. The FED's 0.5% interest rate cut could have a short-term impact. At the moment, gold is forming a short-term distribution range, and for now,...