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Fibonacci

Asian Paints: Oversold with Recovery Potential Topic Statement: Asian Paints has faced a sharp decline due to weak third-quarter results, but strong support levels suggest a potential recovery ahead. Key Points: 1. The company reported a profit decline of 23.5% QoQ in the third quarter. 2. The stock price fell sharply, creating a gap after the earnings announcement. 3. The price is taking heavy support at the 61.8% retracement level at 2260. 4. The stock is overextended below the 180-day moving average, making it highly oversold. 5. The weekly MFI is at 22, further confirming oversold conditions.
NSE:ASIANPAINTLong
by yogeshwar
Silver1!Understand the chart: Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down. Lines with percentages: These are like checkpoints to see how much the price has moved up or down. Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows where they might lose money if it goes down. Think of it like a weather forecast but for stocks! Traders use this to decide the best times to buy or sell. Hope this helps! 🌞📉📈
MCX:SILVER1!Long
by iVishalPal
Tata Motors: Oversold and Near Support for Potential ReversalTopic Statement: Tata Motors has experienced a significant correction in recent months, approaching a crucial support level that could signal a potential turnaround. Key Points: 1. The stock has corrected to the 61.8% retracement level, suggesting strong support at the current price level. 2. The price is near the 180-day moving average, indicating oversold conditions. 3. Weekly MFI is at 30, further confirming the stock is oversold. 4. The company reported a profit decline of -22% QoQ for the third quarter, which may cause the price to fall further, even below the 61.8% level.
NSE:TATAMOTORSLong
by yogeshwar
Elliot Wave study EMAMI LTDEmami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 27,316.17 Crore) operating in FMCG sector. Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2024. For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 1,064.41 Crore, up 16.69 % from last quarter Total Income of Rs 912.15 Crore and up 5.07 % from last year same quarter Total Income of Rs 1,013.03 Crore. Company has reported net profit after tax of Rs 283.48 Crore in latest quarter.
NSE:EMAMILTDLong
by TechnicalAnalystSucrit
SBI LIFE INSURANCE: Potential for Good Returns in coming DaysTrade Details: Buy Above 1445 Tp1 - 1565 Tp2 - 1670 Tp3 - 1800 Tp4 - 1920 SL - Below 1400 (Only to get started) Rationale : Multi Timeframe Analysis Shows: 1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle 2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support 3. Multiple Points where SBI LI has taken support at 22 Monthly EMA in past marked by Circles. Consolidation Zone - Trending move expected outside this Zone
NSE:SBILIFELong
by DrAnandM
This is a daily chart of IRFC (NSE).Key Points: Downtrend: The stock is moving down but is near strong support (green lines). Breakout Possible: If it moves above ₹144.70, it may go up to ₹149.04 and then ₹166.90. Resistance: The red trendline is acting as a hurdle. A breakout above it can push the price higher. Risk Level: If it falls below ₹127.65, the downtrend may continue. Potential Upside: First target: ₹144.70 (+6.78%) Second target: ₹166.90 (+10.81%) Conclusion: Above ₹144.70 → Bullish move possible 🚀 Below ₹127.65 → Downtrend risk ⚠️
NSE:IRFCLong
by iVishalPal
PVRINOXKey Observations: Downtrend: The stock has been falling for a long time. Support Level (Green Lines): The stock has reached a strong support zone around ₹988 - ₹1,043, where buyers are stepping in. Bounce Back: The stock has given a small green candle, indicating some buying interest. Target Level (Blue Line - ₹1,204.20): If the stock continues to rise, it may move up by 13.66% to ₹1,204.20 (previous support, now resistance). Volume: Volume is slightly increasing, which supports a potential reversal. Conclusion: If the stock holds above ₹1,043, it may go toward ₹1,204. If it breaks below ₹988, the downtrend may continue.
NSE:PVRINOXLong
by iVishalPal