Alembic Pharma The stock encountered several rejections around the 1,130 level, leading to a significant correction in price. Eventually, it found support near the 460 level and began to climb upwards. During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend. Following a...
Date: 23rd July 2024 Time: 7:20PM Why Quess Corp? 1. Fundamentally Good Company with decent P/E Ratio. 2. Since Quess Corp listed it, movement is sideways within specific range if we check bird view of it. 3. According to Dow Theory, it was making LH LL (Downtrend) but very first time in 2023 it made Higher Low and moving continuously upside...
Good morning, friends. Today, the Honorable Finance Minister, Nirmala Sitharaman, is presenting the first Union Budget of the Modi 3.0 government. The market may move based on this event, and technical factors might not be as effective. I am simply sharing my Fibonacci levels. I expect directional movement to start from tomorrow onwards. Have a nice day🙏.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52050 level then possible upside rally of 400-500 points upto 52450 level & this rally can extend another 400 points if market gives breakout 52550 level in todays session. Any Major downside only expected in case banknifty starts trading below 51950 level.also possible reversal...
Technical Analysis It had a fake breakout earlier this year, where the price temporarily moved above the resistance level but then fell back into the channel. Recently, there was a breakout accompanied by a significant increase in volume, suggesting buying interest. The stock has been respecting the 200-day EMA (Exponential Moving Average) since April 2023. The...
Ascending Triangle Breakout Setup RSI above 70 and rising Trading above EMA50 Volume spurt Disc: For study, not a recommendation
ADVAIT INFRATECH LTD Breakout above resistance trendline. Higher Trade and Delivery Quantity. Crossing 52 week high. Strongly Outperforming Benchmark Index. Disclaimer: For educational purpose only. Please do your own research before taking any trades. Happy Trading!
Hey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Range Bound in daily & Weekly TF. * From Dec 2023 to July 2024 its in range. * From Feb 2024 to July 2024 Tested & Moving Resistance Many times. * It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume. * Volume...
Hello & welcome to this analysis It has resistance near 550 while strong support between 500-450 One can accumulate the stock in the wider range of 550-450 for possible upside levels of 650-725-900. View would go wrong if it starts slipping below 350 Happy investing
The Elliott Wave analysis indicates that the stock has finished waves (i) and (ii), which are shown by blue numbers on the daily chart. Wave (i), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red. Wave (iii), the impulse wave, is...
Trade will be active only aboove 318 (Daily Closing basis) Heading towards 2014 Breakout of 314.55 RSI on all time frames above 70 Daily Chart : Good consolidation on daily chart. Broken above level of 293, which now acts as support. Sequential targets: 356/400/445/480/550 SL : 290
WELSPUNLIV Market Cap ₹ 16,935 Cr Industry: Textiles - Products Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. Promoters 70% FIIs 7 % DIIs 6 % other 1% Public 16% My study shows on chart study with technical analysis . this made cup and handle with multi- year break-out ...
How to find Support /Resistance of a stock when the stock tanks From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels. As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.) In this example, the Stock highest...
The stock has undergone a correction since 2021 after reaching its all-time high. Upon analyzing the correction, it appears that wave ABC has concluded at the 225 levels. The internal waves within ABC adheres to the Fibonacci ratio, with wave C being approximately 100% of wave A. The stock found support at the minor wave 2 of the major wave 3 from the previous...
Chambal Fertilizer buying CMP 527 For target 537-545-553-570+ SL below 510 - candle closing basis holding period - 1 week
DIVISLAB The price has been consolidating in a narrow range for more than a year. Recently, the price successfully surpassed its resistance level. Since the breakout, the price has maintained above the breakout point and is steadily increasing. The current RSI is above 60, suggesting strong buying pressure. ONGC Before, the price was rising...
Rane Brake Lining Ltd. (NSE: RBL) moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart. The Price has again bounced after touching the bottom of the channel and RSI has a strong upward trajectory. Key Points: Ascending Channel: The stock has been trading within a well-defined ascending...
Hello Everyone, i have brought another stock which has given breakout of long consolidation almost 6 years. Stock name is Bhansali Engineering Polymers Ltd and it is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market. Its customers include leading companies dealing in...