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3M technical analysisStock Overview 3M India Ltd. (NSE: 3MINDIA) is currently priced at INR 30,110.00. The company operates in the industrial sector, providing diversified technology and science solutions across various industries, including healthcare, consumer goods, and safety products. Key Levels Support: 26,281.90, 22,319.85 Upside Swing Zone: 31,501.00, 29,290.80 Possible Upside Levels: 40,292.75, 44,254.80, 49,301.65 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 49.75, indicating a neutral position. RSI is a momentum oscillator that measures the speed and change of price movements, typically used to identify overbought or oversold conditions. Volume: The volume is 83.04K, which shows the number of shares traded. Volume is a critical indicator of market activity and liquidity, helping to confirm price movements and trends. Sector and Market Context 3M India Ltd. operates within the industrial sector, which has shown resilience and growth potential in recent years. The overall market trends indicate a mixed performance, with some sectors experiencing growth while others face challenges due to economic conditions. The industrial sector, in particular, has benefited from increased demand for technology and science-based solutions, positioning 3M India Ltd. favorably within its market. Risk Considerations Market Conditions: Economic downturns or unfavorable market conditions could negatively impact the stock's performance. Sector-Specific Risks: Changes in regulations, technological advancements, or shifts in consumer demand within the industrial sector could influence the stock's movement. Company-Specific Risks: Operational challenges, supply chain disruptions, or financial performance issues could pose risks to the stock's future performance. Analysis Summary 3M India Ltd. shows a balanced technical outlook with key support and upside levels identified. The RSI indicates a neutral position, suggesting neither overbought nor oversold conditions. The volume reflects healthy market activity. While the industrial sector presents growth opportunities, potential risks from market conditions and sector-specific factors should be considered. Investors should monitor these key levels and indicators to make informed decisions, keeping in mind the broader market and sector context. This analysis provides a comprehensive view of the stock's technical position without making direct buy or sell recommendations.
NSE:3MINDIALong
by TechnicalAnalystSucrit
4
PERSISTENT SYSTEMS technical analysisStock Overview: Persistent Systems Ltd. (NSE: PERSISTENT) is currently trading at INR 5,404.00. The company specializes in software product development and technology services, offering solutions in areas such as cloud computing, data analytics, and enterprise software. Key Levels: Support Level: INR 3,993.20 Upside Swing Zone: INR 5,157.40 Possible Upside Levels: INR 6,347.10 INR 6,944.65 INR 7,705.80 Technical Indicators: RSI (Relative Strength Index): The RSI is currently at 50.38, indicating neutral momentum. RSI measures the speed and change of price movements, with values above 70 typically indicating overbought conditions and values below 30 indicating oversold conditions. Volume: The trading volume is 1.34M, providing insight into the strength of price movements. Higher volume often indicates stronger conviction behind price trends, while lower volume may suggest weaker momentum. Sector and Market Context: Persistent Systems Ltd. operates in the technology sector, which has shown resilience and growth potential in recent years. The overall market trends for the technology sector have been positive, driven by increasing demand for digital transformation and technological advancements. However, the sector is also subject to volatility due to rapid changes in technology and market dynamics. Risk Considerations: Market Conditions: The stock's movement may be influenced by broader market conditions, including economic indicators, interest rates, and geopolitical events. Sector-Specific Risks: The technology sector is highly competitive and subject to rapid technological changes, which could impact the company's performance. Company-Specific Risks: Persistent Systems Ltd. may face risks related to its business operations, such as project execution, client concentration, and regulatory changes. Analysis Summary: Persistent Systems Ltd. has maintained stability in its technical indicators, with the RSI reflecting neutral momentum and trading volume suggesting moderate participation. The stock is positioned within a favorable zone that could lead to further movement based on market conditions and sector performance. The broader technology sector remains robust but susceptible to shifts in demand and innovation cycles. Investors should remain mindful of external market influences, sector-specific risks, and company fundamentals when assessing potential opportunities.
NSE:PERSISTENTLong
by TechnicalAnalystSucrit
ATUL technical analysisStock Overview: ATUL LTD, listed on the NSE, is currently priced at INR 6,500.00. The company specializes in manufacturing chemicals across diversified industries such as agriculture, pharmaceuticals, and textiles, with a strong focus on innovative solutions. Key Levels: Support: 4,645 - 5,996 Upside swing zone: 6219 - 7126 Possible upside levels: 9724, 11076, 12979 Technical Indicators: RSI (Relative Strength Index): At 47.21, the RSI shows a neutral momentum, indicating that the stock is neither overbought nor oversold. This suggests balanced sentiment without immediate direction bias. Volume: The current trading volume stands at 3.33M, demonstrating a notable surge compared to previous levels. Sector and Market Context: ATUL LTD operates in the chemical sector, which has exhibited steady growth amid economic uncertainties, benefiting from surging demand in industries like pharmaceuticals and agriculture. The company's diversified product portfolio positions it well to tap into such growing markets. However, broader market trends are mixed, with global geopolitical tensions and supply chain challenges influencing sector stability. Despite these factors, ATUL LTD has maintained a consistent performance trajectory, leveraging strong fundamentals and market adaptability. Risk Considerations: Sector-Specific Risks: Fluctuations in raw material costs and stringent regulatory changes could impact profitability. Company-Specific Risks: Operational inefficiencies, competitive pressures, and management decisions remain key considerations affecting stock performance. Analysis Summary: ATUL LTD presents an intriguing case in the chemical sector with well-defined support and upside levels, signaling a balanced technical setup. While the broader chemical sector and market trends provide room for optimism, investors should carefully evaluate potential risks, including regulatory changes and market conditions.
NSE:ATULLong
by TechnicalAnalystSucrit
HAWKINS technical analysisStock Overview: Hawkins Cookers Ltd., BSE, current price: ₹7,910.30. Hawkins Cookers Ltd. is a trusted manufacturer of high-quality pressure cookers and cookware, catering to the growing needs of domestic and international markets. Key Levels: Support levels: ₹6,535.50, ₹7,105.00 Upside swing zone: ₹7,595.55, ₹7,902.15 Possible upside levels: ₹9,194.95, ₹9,764.45, ₹10,489.90 Technical Indicators: RSI (Relative Strength Index): The current RSI is at 54.67, indicating a neutral momentum. Volume: The trading volume is 12.96K, reflecting stable investor activity. Sector and Market Context: Hawkins Cookers Ltd. operates in the consumer goods sector, particularly in the kitchen appliances niche. This sector has demonstrated resilience, buoyed by increasing urbanization, rising consumer income, and demand for quality appliances. The stock's performance aligns with the sector's growth trajectory, which is positively influenced by innovation and expanding distribution networks. However, the broader market trends remain cautious due to macroeconomic uncertainties and inflationary pressures, with selective recovery across various industries. Risk Considerations: Competition: The presence of other strong players in the kitchen appliances industry may impact market share. Supply Chain Factors: Delays or rising costs in raw materials and logistics could affect production efficiency and margins. Regulatory Environment: Changes in policies or taxation could create operational challenges for the company. Analysis Summary: Hawkins Cookers Ltd. demonstrates a steady outlook. The consumer goods sector’s overall growth prospects align favorably with the company’s performance, although potential risks like market volatility, competition, and supply chain disruptions should not be overlooked. Investors may find Hawkins Cookers Ltd. a reliable candidate for monitoring, with room for steady performance subject to market dynamics and sectoral developments.
BSE:HAWKINCOOKLong
by TechnicalAnalystSucrit
CASTROL technical analysisStock Overview: Castrol India Ltd, NSE, current price: INR 202.98. Castrol India Ltd is a prominent player in the manufacturing and marketing of automotive and industrial lubricants, greases, and related products, with a strong presence in the automotive sector. Key Levels: Support levels: INR 191.34, INR 169.85, INR 138.71. Upside swing zone: INR 209.13. Possible upside levels: INR 277.15, INR 308.30, INR 347.95. Technical Indicators: RSI (Relative Strength Index): The RSI is currently at 54.44, indicating a neutral stance. This suggests that the stock is neither overbought nor oversold, reflecting balanced momentum. Typically, RSI above 70 suggests overbought conditions, while below 30 indicates oversold zones. Volume: The trading volume stands at 84.45M, showcasing active investor participation. Higher peaks in trading volume highlight periods of heightened investor interest, which may signal forthcoming price volatility or pivotal movements. Sector and Market Context: Operating in the lubricants industry, Castrol India Ltd’s performance is closely tied to automotive production and industrial activity. The automotive sector, being sensitive to consumer demand, technological shifts, and regulatory influences, is currently witnessing a mix of recovery and innovation trends. The overall market reflects a cautious optimism, with moderate growth visible in some segments despite macroeconomic headwinds. Castrol's position as a lubricant leader aligns it well with the sector's evolving demands, though the sector remains subject to fluctuations tied to global oil prices and economic cycles. Risk Considerations: Market Volatility: Rapid shifts in market sentiment could lead to unpredictable price fluctuations. Economic Dependency: Any downturn in industrial or automotive production could directly impact demand for lubricants. Regulatory Policies: New environmental or industry regulations could pose challenges to operations. Commodity Price Risks: Variability in crude oil prices could influence input costs, affecting margins. Analysis Summary: Castrol India Ltd reflects a steady technical stance with firm support levels offering resilience. Its potential upside levels and a positive swing zone indicate opportunities for momentum-based movements. The RSI’s neutral position suggests balanced momentum, while trading volumes emphasize active investor engagement. Factoring in sector dynamics and broader market conditions, the stock holds a balanced outlook. However, potential investors should remain mindful of broader market trends, sector-specific developments, and potential risks before making any decisions. This analysis provides a comprehensive perspective without any direct buy or sell recommendations.
NSE:CASTROLINDLong
by TechnicalAnalystSucrit
6
MPHASIS technical analysisStock Overview: Mphasis Limited, traded on the NSE, is currently priced at ₹2,538.60. The company specializes in IT services, offering application development, infrastructure outsourcing, and business process outsourcing to industries like banking, financial services, and insurance. Key Levels: Support: ₹1,787.35, ₹1,278.35 Upside Swing Zone: ₹2,424.65, ₹2,132.85 Possible Upside Levels: ₹3,533.60, ₹4,042.60, ₹4,690.95 Technical Indicators: RSI (Relative Strength Index): The RSI stands at 50.28, indicating a neutral position. This suggests balanced buying and selling pressure without extreme market sentiment. Volume: The trading volume is 14.03M, reflecting varying levels of activity. Higher volume periods may correlate with significant price movements. Sector and Market Context: Mphasis operates within the IT services sector, which has demonstrated resilience and growth potential due to increasing demand for digital transformation and cloud services. The sector's overall market trend remains positive, driven by technological advancements and businesses adapting to digital solutions. However, the sector is sensitive to global economic conditions, regulatory changes, and technological disruptions. Risk Considerations: Company-Specific Risks: Mphasis faces challenges like competition, client concentration, and the need to keep pace with technological changes. Sector Risks: The IT services sector is highly competitive and requires continuous innovation to maintain relevance. Analysis Summary: Mphasis Limited's stock possible upside levels indicate price points the stock could reach under favorable conditions. Investors should consider sector performance, market trends, and company-specific risks before making decisions. Staying informed about developments affecting the stock is crucial for navigating its movement effectively.
NSE:MPHASISLong
by TechnicalAnalystSucrit
Nifty Finds a Minor Resistance at 23800, What Next?Scenario B From Last Weekly Analysis played out as expected and continues to be in the Play. The Pullback from 23800 Zone has been shallow as week closed above the Minor Resistance turned Support at 23350 Zone, despite a Long Weekend. This Indicates Bulls have some Conviction of taking Nifty higher from Minor Support at 23350 Zone. However a Weekly Candle Suggests Indecision. So Let's be prepared for 3 Scenarios like last Week. Scenario A - Minor Support at 23350 (200DEMA) holds and Nifty Blasts off to Mega Resistance Scenario B - Minor Support breaks and Nifty Goes for a Healthier correction towards 0.5 0.6 Fib retracement (23000) and takes support here. Scenario C - Weakness in Price action with Nifty testing 22500 0.78 Fib retracement and Trendline, This would indicate prolonged period of Consolidation before next Trending Move. Technical Analysis suggests that Scenario A is more likely to play out. But as market always knows how to Surprise us, be prepared for either of The Scenarios A B C. Share your Thoughts and Views to make most of this Article.
NSE:NIFTYLong
by DrAnandM
WIPRO technical analysisStock Overview: Wipro Ltd., traded on the National Stock Exchange of India (NSE), is currently priced at ₹376.90. The company is a leading global IT services provider, offering consulting, business process outsourcing, and digital transformation solutions. Key Levels: Support Zone: ₹141 - ₹190 Upside Swing Zone: ₹250 Possible Upside Levels: ₹335, ₹404, ₹466 Technical Indicators: RSI (Relative Strength Index): At a value of 47.98, the RSI indicates neutral momentum, neither in overbought nor oversold territory. Volume: Trading volumes exhibit steady activity with no significant spikes, suggesting a balanced buying and selling interest. Sector and Market Context: Wipro operates within the dynamic IT services sector, which is witnessing moderate growth driven by global digital transformation initiatives. Compared to its peers, Wipro shows stable performance but lacks aggressive market positioning. The overall market sentiment is cautiously optimistic, with broader indices showing resilience despite macroeconomic pressures. Risk Considerations: Sector Challenges: Intense competition from Indian and international firms may weigh on margins and market share. Stock-Specific Risks: Dependence on major clients and foreign exchange rate fluctuations could influence earnings. Analysis Summary: Wipro Ltd. demonstrates steady technical and sectoral positioning, with support levels ensuring downside protection and potential upside levels offering room for growth. While the RSI and volumes suggest neutral momentum, broader sector dynamics highlight a cautiously optimistic outlook. Investors should consider macroeconomic and sectoral risks while evaluating Wipro's performance within their portfolio strategy.
NSE:WIPRO
by TechnicalAnalystSucrit
MARICO - Breakout & Retest Setup!Overview & Observation: 1. 70% Fib support zone. 2. Good volume support 3. Breakout & Retest done. Trade Plan: 1. Eyeing 20% upside with 10% SL 2. RRR is okay, not great! - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:MARICOLong
by SuperNova396
3
ready for discharge KIMS HOSPITALCompany Overview Krishna Institute of Medical Sciences (KIMS) is a prominent healthcare provider in India, offering a wide range of medical services across various specialties. KIMS is known for its state-of-the-art facilities, experienced medical professionals, and commitment to delivering quality healthcare. With multiple hospitals and centers, KIMS aims to provide accessible and affordable healthcare services to the community. Price Chart Analysis Trend: The stock is currently in a consolidation phase, with potential for an upward breakout. Target Levels: ₹674.45, ₹728.95, ₹798.35, ₹998.75 Key Levels: Primary Support Zone (Yellow): ₹419- ₹473 Reversal Zone (Green): ₹521.30 - ₹550.00 Technical Indicators Relative Strength Index (RSI): 44.09 (Neutral momentum) Volume: 5.41M Key Observations Volume: 5.41M Timeframe: Weekly The stock is trading within a consolidation phase, suggesting potential for an upward breakout. The RSI indicates neutral momentum, suggesting that the stock is neither overbought nor oversold. The volume indicates a healthy level of trading activity, supporting the current price movement. Earnings Overview Q3 FY25 Net Profit: ₹120 crore Q3 FY24 Net Profit: ₹80 crore Revenue Growth: 20% increase to ₹1,500 crore Key Highlights: KIMS reported a net profit of ₹120 crore in Q3 FY25, compared to ₹80 crore in the same quarter last year. The company's revenue surged by 20%, driven by strong performance across its healthcare segments. KIMS continues to focus on expanding its medical services and enhancing patient care, positively impacting its financial performance. Conclusion Krishna Institute of Medical Sciences Ltd. is showing signs of potential upward movement, with key resistance levels ahead. The neutral RSI suggests that there is room for further upward movement without immediate risk of overbought conditions. Investors should watch for potential breakouts above the resistance levels and monitor the support zones for any signs of reversal.
NSE:KIMSLong
by TechnicalAnalystSucrit
ZINKA LOGISTICS technical analysis**Technical Analysis Report** **Stock Overview:** Zinka Logistics Solutions Ltd. (NSE: ZINKA) is currently priced at INR 400.35. The company specializes in logistics and supply chain solutions, offering services such as transportation, warehousing, and distribution. **Key Levels:** - Support Level: INR 313.05 - Upside Swing Zone: INR 412.10 - Possible Upside Levels: INR 513.30, INR 564.10, INR 628.80 **Technical Indicators:** - **RSI (Relative Strength Index):** The RSI is at 58.54, indicating a neutral position where the stock is neither overbought nor oversold. RSI measures the speed and change of price movements, helping identify potential trend reversals. - **Volume:** The weekly trading volume stands at 380.74K, reflecting moderate activity. Volume is a key indicator of the strength behind price movements, with higher volumes often signaling stronger trends. **Sector and Market Context:** Zinka Logistics Solutions Ltd. operates within the logistics and supply chain sector, which has been experiencing growth due to the rise of e-commerce and the increasing need for efficient transportation and distribution services. The sector has shown resilience, supported by technological advancements and streamlined operations. However, broader market trends, including economic fluctuations and consumer demand, play a significant role in shaping the stock's trajectory. **Risk Considerations:** - **Market Volatility:** Broader market fluctuations could impact investor sentiment and stock prices. - **Economic Conditions:** Factors such as inflation, interest rates, and GDP growth may influence the logistics sector's performance. - **Industry Competition:** The company faces challenges from competitors in maintaining market share and profitability. - **Regulatory Changes:** Any shifts in transportation or warehousing regulations could affect operational efficiency and financial outcomes. **Analysis Summary:** Zinka Logistics Solutions Ltd. demonstrates potential for upward movement based on its key levels and technical indicators. The RSI suggests a stable position, while moderate volume indicates consistent trading interest. The stock's performance aligns with the logistics sector's growth trends, but investors should remain cautious about external risks such as market volatility and regulatory changes. Conducting further research and monitoring sector developments is advisable before making investment decisions. This analysis provides a comprehensive overview while maintaining a balanced perspective. Let me know if you'd like to refine or expand on any section!
NSE:BLACKBUCKLong
by TechnicalAnalystSucrit
BALU FORGE technical analysisStock Overview: Balu Forge Industries Ltd (NSE) - Current Price: ₹609.70. The company specializes in manufacturing precision-engineered components, catering to industries such as automotive, aerospace, and energy. Key Levels: Support: ₹603.55, ₹536.60 Upside Swing Zone: ₹838.80, ₹950.40 Possible Upside Levels: ₹1,092.50 Technical Indicators: RSI (Relative Strength Index): At 49.63, indicating neutral momentum, neither oversold nor overbought, reflecting indecision in market sentiment. Volume: Recent spikes in trading volume during key price movements suggest heightened investor interest and the possibility of price consolidation or breakout. Sector and Market Context: Balu Forge operates within the precision engineering sector, which has been gaining traction due to increased demand from automobile and aerospace industries. The sector has shown resilience amidst global challenges, with a focus on innovation and exports. However, the broader market has been experiencing mixed sentiments, influenced by inflationary concerns and geopolitical uncertainties. Risk Considerations: Market Volatility: Broader market movements, driven by global economic events, could impact the stock's trajectory. Sector-Specific Risks: Dependency on raw material prices and cyclical demand from automotive and energy sectors may pose risks. Company-Specific Risks: Challenges in scaling production or maintaining export competitiveness could affect growth prospects. Analysis Summary: Balu Forge Industries Ltd demonstrates a balanced technical setup, indicating growth opportunities. The company’s alignment with sector trends positions it well for future opportunities, though investors should remain vigilant about external market and company-specific risks before making investment decisions.
NSE:BALUFORGELong
by TechnicalAnalystSucrit
DCM NOUVELLE technical analysisStock Overview: DCM Nouvelle Ltd., listed on NSE, is currently priced at INR 184.92. The company operates in textiles, chemicals, and engineering industries, focusing on manufacturing and selling diverse products. Key Levels: Support: INR 97.76 Upside swing zone: Between INR 159.39 to INR 189.68 Possible upside levels: INR 227.21, INR 356.15, INR 417.80, INR 496.30 Technical Indicators: RSI: The Relative Strength Index (RSI) stands at 49.93, signifying neutral momentum. RSI is a technical indicator used to measure the speed and change of stock price movements, identifying potential overbought or oversold conditions. Volume: The trading volume is at 424.48K, suggesting moderate activity. Sector and Market Context: DCM Nouvelle Ltd. operates in the textiles and chemicals sectors, which have shown mixed performance due to recent global economic shifts. These sectors are experiencing varying degrees of volatility due to supply chain disruptions, inflationary pressures, and evolving consumer preferences. The stock's behavior has aligned with these industry trends, displaying periods of consolidation alongside incremental growth phases. Risk Considerations: Economic Conditions: Challenges such as inflation, currency fluctuations, and slower growth projections could impact the stock's trajectory. Sector-Specific Risks: Issues like raw material price volatility, competitive pressures, and environmental regulations pose risks. Analysis Summary: DCM Nouvelle Ltd. demonstrates promising key levels, indicating potential for growth while maintaining robust support levels. The technical indicators suggest a balanced state, neither excessively bullish nor bearish. The stock's alignment with sector trends highlights its resilience amidst external challenges. Investors are advised to monitor the broader market context and industry-specific developments to make informed decisions.
NSE:DCMNVLLong
by TechnicalAnalystSucrit
IEX technical analysisStock Overview: Indian Energy Exchange Ltd (NSE: IEX) is currently priced at INR 187.62. The company operates an electronic platform for trading electricity and renewable energy certificates in India. Key Levels: Support: 97.55, 144.81 Upside Swing Zone: 163.83, 193.42 Possible Upside Levels: 289.85, 337.10, 397.30 Technical Indicators: RSI: The Relative Strength Index (RSI) is at 56.85, indicating neutral to slightly bullish momentum as it is above the midpoint of 50. Volume: The latest monthly volume is 47.25M, showing a significant increase compared to previous months, suggesting heightened trading activity and interest in the stock. Sector and Market Context: Indian Energy Exchange Ltd operates within the energy sector, which has been experiencing volatility due to fluctuating energy prices and regulatory changes. Despite these challenges, the stock has shown resilience, maintaining a steady upward trend over the past few years. The overall market trend has been bullish, with increased investor interest in renewable energy and sustainable practices, positively impacting IEX's business model. Risk Considerations: Regulatory Risks: Changes in government policies and regulations related to energy trading could impact the company's operations and profitability. Market Volatility: Fluctuations in energy prices and demand can lead to unpredictable stock movements. Competition: The presence of other energy trading platforms and technological advancements could pose competitive risks. Analysis Summary: Indian Energy Exchange Ltd has demonstrated strong performance within the energy sector, supported by increased trading activity and a neutral to slightly bullish RSI. Key levels indicate potential upside, but investors should be mindful of regulatory risks and market volatility. The stock's resilience and alignment with market trends in renewable energy make it a noteworthy candidate for further observation.
NSE:IEXLong
by TechnicalAnalystSucrit
ACI - Double Bottom (Bullish)Archean chemical industries is a leading specialty marine chemical manufacturer in India focused on producing and exporting bromine, industrial salt, and sulphate of potash across the world. Archean is the largest exporter of bromine and industrial salt in India and has amongst the lowest cost of production globally in both bromine and industrial salt. Fundamentally sound company with PEG 0.79, ROE, ROCE, ROIC > 15%. Technicals: Price is above 200MA. Double bottom formation after bearish Head & Shoulder. Trendline is about to breakout. Volumes have been steady in daily chart over the last 5D. Both DII, FII institutions have been increasing the stakes steadily in every quarter. 161.8% fib level would be long term target of 1069 which is also pivot R3 in weekly timeframe. Pivot targets are shown on chart. Disclaimer: Educational purpose.
NSE:ACILong
by naraykln
2
BANKNIFTY – 1 Hour Chart Analysis🧭 Current Price: ₹52,415.15 (As per the chart at the time of screenshot) 🧊 Chart Structure & Observations 📉 Previous Drop: Strong bearish move to sub-₹49,200 levels, then a swift V-shape recovery. ✅ Support Held: Strong support observed at ₹49,156.95 (labelled in blue) and a visual uptrend origin point at ₹49,526.40. 🔼 Reversal: Clean bounce from the uptrend base through key Fibonacci pivot levels – S38, WP (Weekly Pivot), and now holding above R61. 📍 Key Fibonacci Pivot Levels Pivot Level Price (₹) Note R78 ~52,415 💥 Current resistance (testing zone) R61 ~52,108 🎯 Recent breakout zone (now support) R38 ~51,758 Former resistance WP ~50,468 ⚖️ Mid-zone pivot (Neutral Zone) S38 ~49,670 🧲 Lower pullback level S78 ~48,827 🔻 Final bearish support 🟩 Bullish Confirmation Points ✅ Higher Highs and Higher Lows pattern post ₹49,200 support ✅ Strong recovery candles breaking pivot resistance cleanly ✅ Currently trading above R61, indicating bullish bias 📈 Trendline Projection: Long-term green dotted trendline aiming toward ₹55,000+ in continuation mode 🧠 Bias & Strategy Market Mood Bias What to Do Notes 🔥 Bullish Uptrend Buy on dips to ₹52,100–₹51,750 R61 retest = potential entry zone 🧪 Cautious Neutral Wait for breakout above ₹52,500 That would clear out short sellers' zone ❌ Bearish Weak Break below ₹51,265 = alert Losing WP base = bears get aggressive again -------------------- 🧱 Major Resistance Block Ahead The dark red zone above ₹53,000–₹54,000 is a strong historical supply zone. If ₹52,800–53,000 breaks, expect a short squeeze into that block. 🔮 Short-Term Targets (Bullish Case) Target 1: ₹52,800 Target 2: ₹53,500 Target 3: ₹54,500 (only on momentum continuation) 🧩 Suggested Setup (Swing Long) Entry Zone: ₹52,150–₹51,800 (pullback to R61 or R38) SL: ₹51,265 (below WP) Target: ₹52,800 / ₹53,500 Risk-Reward: ~1:2+
NSE:BANKNIFTYLong
by adonisprime
2
MEDICO REMEDIES technical analysisMedico Remedies Ltd. (NSE: MEDICO) is currently priced at 58.75 INR. The company specializes in manufacturing and marketing pharmaceutical formulations across various therapeutic segments. Key Levels: Support levels are identified at 50.23 INR and 34.53 INR, suggesting potential price stabilization at these thresholds. The upside swing zone lies between 59.97 INR and 62.00 INR, indicating an area of possible upward momentum. Key upside levels are noted at 86.82 INR, 100.97 INR, and 118.98 INR, which could act as benchmarks for further price movements. Technical Indicators: The Relative Strength Index (RSI) currently stands at 53.48, reflecting neutral momentum. RSI gauges the speed and magnitude of price changes, with levels above 70 indicating overbought conditions and below 30 signifying oversold conditions. Recent trading volume is recorded at 7.86 million, showcasing moderate activity that suggests the presence of investor interest and the potential for confirming price trends. Sector and Market Context: Medico Remedies operates in the pharmaceutical sector, known for its resilience and strong demand. Recent trends in the pharmaceutical industry highlight growth potential due to heightened focus on health and wellness globally. While broader market volatility has influenced stocks across sectors, the pharmaceutical industry has demonstrated relative stability, outperforming several other sectors. Risk Considerations: The stock faces risks such as regulatory changes, market competition, and dependency on global economic health. Factors like adverse clinical outcomes or shifts in healthcare policies could disrupt growth. Additionally, broader market risks, including interest rate fluctuations, inflation, and geopolitical developments, remain influential. Analysis Summary: Medico Remedies Ltd. portrays a balanced technical outlook with neutral momentum and moderate upside potential if it surpasses the swing zone. The stock's alignment with a stable and resilient pharmaceutical sector supports growth prospects, although caution is warranted due to regulatory and market risks. Overall, the analysis suggests monitoring its progression for further insights without leaning towards a specific buy/sell directive.
NSE:MEDICOLong
by TechnicalAnalystSucrit
Complete Beginner’s Guide to Fibonacci, AutoFibGaugeTitle: Complete Beginner’s Guide to Fibonacci, AutoFibGauge, and How to Plan Perfect Trades! 🎯 ⸻ Many traders hear about Fibonacci but don’t really know what it is or how to use it properly. Here’s a full beginner-friendly guide covering everything — from the math basics to real trading strategies! What is Fibonacci? The Fibonacci Sequence is a set of numbers where each number is the sum of the two numbers before it. It looks like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… This simple rule creates a pattern that we see everywhere in nature: • In the way flowers bloom • In the spiral of seashells • In the structure of hurricanes • Even in galaxies Nature follows Fibonacci. Markets, which are built by human emotions (fear, greed, hope), also often follow Fibonacci behavior. That’s why Fibonacci is important in trading. ⸻ The Special Golden Ratio — 61.8% From the Fibonacci sequence, if you divide a number by the next one (e.g., 21 ÷ 34), you get approximately 0.618 — or 61.8%. This is called the Golden Ratio. The Golden Ratio shows up in art, architecture, music, human faces, and… yes, financial markets. In trading, the 61.8% retracement is considered the strongest potential turning point. If a price pulls back by around 61.8%, there’s a high chance it will bounce and continue the trend. ⸻ What is Fibonacci Retracement in Trading? In trading, after a big move (up or down), the market rarely moves in a straight line. It pulls back (corrects) before continuing. Fibonacci Retracement levels help us predict where the pullback might end and the trend might continue. Commonly Used Fibonacci Levels: • 23.6% — Very shallow retracement • 38.2% — Healthy pullback • 50.0% — Halfway mark (not a Fibonacci number, but widely watched) • 61.8% — Golden zone (high probability area) • 78.6% — Deep retracement before a reversal Traders look at these levels as support and resistance zones. ⸻ What is AutoFibGauge? Normally, drawing Fibonacci manually takes time — you have to find correct swings and plot retracement. AutoFibGauge does it automatically: • Detects swing highs and swing lows • Plots Fibonacci retracement levels instantly • Keeps updating live as price moves ✅ Saves time ✅ Reduces human error ✅ Keeps your chart clean and professional It’s built for traders who want speed, simplicity, and reliability. ⸻ My Default Settings for AutoFibGauge: • Swing Length: 25 • Fib Levels Displayed: 23.6%, 38.2%, 50.0%, 61.8%, 78.6%, 100% • Mode: Automatic (finds swings without needing to adjust) • Visual: Bands instead of just thin lines (for easier viewing) Adjustment Tip: • 15 min chart: Swing Length 20–25 • 1 Hour chart: Swing Length 25–30 • 4 Hour chart: Swing Length 30–40 Higher timeframes = Slightly bigger swing lengths. ⸻ How to Plan Entry: 1. Wait for price to approach a major Fibonacci level (especially 38.2%, 50%, or 61.8%). 2. Watch how the candles behave: • If you see a bullish engulfing candle, hammer, or strong bounce from the level → Good sign to buy. • If price hesitates or gives bearish reversal → Could signal continuation of downtrend. 3. Combine with trend confirmation tools (QMA, Parabolic SAR, moving averages). ✅ Remember: Confirmation is key. Don’t just blindly buy or sell because price touched a level. ⸻ How to Plan Exit: • Set first target at the next major Fibonacci level. Example: • If you enter near 61.8%, target 38.2% or 23.6%. • Another method: Trail your stop-loss behind swing highs/lows as price moves in your favor. ✅ This way you lock profits even if the market reverses later. ⸻ When Fibonacci Works Well: ✅ In trending markets (clear uptrend or downtrend) ✅ When combined with price action or indicators ✅ After strong impulsive moves followed by natural pullbacks ⸻ When Fibonacci Might Not Work Well: ❌ In sideways (rangebound) markets ❌ During extreme news events or unexpected volatility ❌ When used alone without confirmation Always remember — Fibonacci levels are not magical. They are guidelines, not exact rules. You need to combine them with market structure and momentum for best results. ⸻ Real Example (BTC/USD 1H Chart): • After a rally, price retraced into the 50%-61.8% zone. • Bullish candles appeared showing price respecting the zone. • This was an excellent opportunity to plan a long entry with Fibonacci guidance. ⸻ Final Words: • Fibonacci is not only for “professional” traders — anyone can learn it. • AutoFibGauge makes using Fibonacci simple and automatic, even if you’re just starting out. • If you respect the levels, wait for confirmation, and follow a disciplined plan, Fibonacci becomes one of your best trading tools. ⸻ Found this helpful? Tap LIKE ❤ & FOLLOW ➕ for more beginner-to-advanced trading guides every week! ⸻ #Fibonacci #AutoFibGauge #FibonacciRetracement #TechnicalAnalysis #PriceAction #TradingTools #LearnTrading #CryptoTrading #ForexStrategy #SwingTrading #BeginnersGuide
CRYPTO:BTCUSDEducation
by FebinKaderKA
1