DOLATALGO - Breakout in DayTimeframePrice consolidate above 120 range since April 2024. Previouly it breakout triangle pattern and gave good returns and now it breakout the small triangle today. Price is also near 200 EMA.
Emassignal
Sarthak Metals LTD: A Comprehensive Technical AnalysisToday, Sarthak Metals LTD exhibited significant price movement, experiencing a bullish increase of 15%. The trading volume reached approximately 875,000 shares, which is more than ten times the stock's average daily trading volume. This unusual activity is a strong indicator of heightened investor interest and market engagement. This pattern can be observed on the previous chart, during which the stock reached its all-time high.
The stock managed to close above its key EMAs, specifically the 20, 50, and 100-day EMAs. This convergence of price closure above these critical indicators suggests a potential trend reversal or a continuation of an upward trend. The ability to surpass these EMAs may provide a layer of support for future price movements.
The RSI and the MACD indicators are both displaying bullish signals. The RSI, which currently indicates the stock is in a favourable buying zone, reflects strong upward momentum. Concurrently, the MACD line crossing above the signal line further reinforces the bullish sentiment in the market for Sarthak Metal.
Should a breakout occur above the current trendline resistance, I could anticipate further positive momentum and upward movement, with the next target resistance identified at 299 . Conversely, the current support level is noted at 162 , providing a reference point for potential downside risk.
Disclaimer: The insights provided in this technical analysis report are intended solely for informational and educational purposes. This information should not be interpreted as financial advice or a recommendation to purchase or sell any securities. It is paramount to consult with a qualified financial advisor and conduct your own thorough research prior to making any investment decisions.
ATOM/USDT Falling Wedge Breakout Targets $14.50NASDAQ:ATOM has formed a falling wedge pattern and is breaking out, having successfully retested the breakout level. The target for this move is $14.50. Additionally, breaking above the 21 EMA on the daily timeframe confirms further bullish momentum.
NTPC long possible?NTPC stock is in a long uptrend & a high probability that the stock will continue the uptrend and going to hit all-time new highs.
1) Long after the BO of conflux area above 240 with a green candle.
2) Previous stock move from the 50 EMA .
3) If RSI also crosses above 60, that's a very high chance of the stock going long .
In case stock rejects the area then wait to touch the 200 EMA levels for right entry.
This is for your educational purpose only.
Adani Power in consolidation levels.Long Adani Power stock after the BO of 50 EMA Level. In the past whenever stock has touched 50 EMA is the key area to go long. Now Long entry above 330 for the target till 350++ with SL 0f 310. This is for your educational purpose only.
HINDALCO Looks Bullish200 EMA and 50 EMA crossover happened for HINDALCO.
Details are mentioned in the chart.
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
NBCC is LONG50 EMA and 200 EMA crossover happened for NBCC.
Details are mentioned in the chart.
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
Reliance Ready To Make New 52 Week Low!Reliance Faces Heavy Resistance Near ~ 210 Day EMAs. Delivery Based Selling Appears On Daily Chart. Sell Reliance ~ 2320, With Stop ~ 2373, Target ~ 2060, 2080. Expected Target March Expiry.
Apollo Hospitals Ready To Move In ICCU!Apollo Hospital Unable To Cross Trendline Resistance And Last Few Trading Sessions Closes Below ~ 210 Day's EMA. If Channel Breakdown No Strong Support Seen At Current Levels. Next Important Support Around ~ 3720. These Causes Are Apollo Hospitals To Move In ICCU. Aggressive Trader Short At ~ 4235, With Stop ~ 4318, For Target ~3700, Expected Target April Expiry.
Apollo Hospital - longApollo hospital is forming Cup and Handle Pattwrn pn 1D time frame. Stock has just crossed 200 EMA .
EMA Support and price action supportThe stock DRREDDY broke its long awaited resistance zone on July 11th with an above average volume.
Right now it is retesting the previous resistance zone (Which, according to price action theory might work as support now.)
and also the 50 and 100 day moving average is just below the current price which adds double confirmation.
the 200 EMA is at near 4400, if it gets breached there will be good up move.
It might provide a good swing in upcoming days,
SL of 4300 is a must.
