Stock Analysis On the weekly time frame, Nuvoco Vistas has consistently faced resistance around the 398 level, rejecting this point three times. This repeated rejection indicates a strong resistance zone. However, a breakout above this level could signal a significant bullish trend, potentially offering good returns for investors. Key Points: Resistance Level:...
old buyers regain control, as the 14-day Relative Strength Index (RSI) remains comfortably above the 50 level, having eased off from near the overbought territory. The optimism prevails so long as they defend the one-and-a-half-month-old symmetrical triangle target now support at $2,560. That said, the immediate resistance is seen at the record high of $2,590,...
Current Market Price (CMP): ₹3,059.90 Target: ₹5,500+ Entry Range: ₹2,800 – ₹3,000 Stop Loss: Below ₹2,650 Moving Averages: 21-Day EMA: ₹3,048.80 200-Day EMA: ₹3,016.70 Support Levels: Immediate support at ₹2,830.81 Secondary support at ₹2,766.06 Strong support at ₹2,479.35 Technical Indicators: EMA Setup: IndiaMART is holding well above both its 21-day and...
A descending triangle is forming. The Stock is heading towards 118. We can see the stock is continuously respecting the line. Hence the possible buy is when: 1. Stock closes with a big green candle supported by volumes 2. Stock is at it's floor level i.e. 102 Disclaimer: This is not a buy advice, Looking into the pattern the chances are that the stock will show...
Bandhan Bank is giving reversal sign on chart, Dow theory change making Equal low to Higher Low. There is huge volume in reversal move. It may test 260 to 290 soon.
Graphite has recovered nicely from the important support level of 500. It is just trading below the next resistance of 545. Key resistances on the upside are 575, 625, and 673 levels. Key Points to observe: Net profit has considerably increased from Rs. 16 Cr. in Mar 2024 to Rs. 236 Cr. in Jun 2024 Net cash flow has also increased to Rs. 14 Cr in Mar 2024 When...
CENTURYPLY has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation after...
GBP/USD is currently trading around 1.32206 after reaching a short-term peak at 1.32653. The main support level is at 1.31958, and if this level is not maintained, the price may correct to lower levels around 1.32232. The EMA 34 (1.31474) and EMA 89 (1.31174) still indicate a short-term uptrend, but selling pressure is also starting to form. Economic news from...
CENTURYPLY has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation...
HERO MOTOCO - Cup Pattern HERO MOTOCO has successfully broken out of a cup a pattern, suggesting a potential uptrend. The increasing volume and RSI above 70 confirm the bullish sentiment. Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before...
During Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570. If the price holds above this level, it could see a recovery towards the resistance at 141.007. EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively. If USD/JPY breaks above the resistance at...
Gold (XAUUSD) is currently trading around 2,577 USD, facing strong resistance at 2,588 USD. If it fails to break through this level, the price may correct down to the support zone at 2,530 USD. The 34 EMA and 89 EMA, located at 2,551 USD and 2,524 USD respectively, are providing support for the bullish trend. If the price holds above support, gold may continue...
stocks formed triangle pattern and gave breakout. volume breakout also observed.
Nifty projection for today as per the existing support and resistance zones. The FED interest rates has already been factored in the index for the last three days. Since we got more clarity that there is a higher possibility of a 50 bps hike, Nifty will move upwards today.
"We can see that the level of 2560, which I identified yesterday, has been filled completely. Currently, the gold price is at... Pay attention to the buy entry: 2544 - 2548, everyone! Stoploss: 2542. If this order reacts strongly upwards, then move the stoploss to the entry point to break even and hold the position through today's FOMC."
Hello and welcome to this analysis With FED all set to start the rate cut cycle from today's FOMC meet, DXY is expected to enter the potential reversal zone (PRZ) of not one but two bullish Harmonic patterns, namely, bullish AB=CD and bullish Crab, likely forming a triple bottom in the weekly time frame. The PRZ is between 100 - 99.60 while the patterns would be...
Galaxy Surfactants Ltd. shows a classic cup and handle pattern forming on the weekly timeframe. Key points of analysis include: Neckline: Around ₹3,120. Potential Upside Target: ₹4,014 based on the height of the cup (about 28.98% potential upside). Volume Spike: A significant increase in volume suggests strong buying momentum. Support Levels: ₹3,120. This...
The chart you've shared appears to represent a daily price chart of **ICICI Bank Ltd.**, with several technical patterns and annotations, primarily focusing on a **Cup and Handle** formation. Here’s a breakdown of key components and analysis: ### **Cup and Handle Pattern**: - This is a bullish continuation pattern, indicating the potential for further upward...