📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧 Company Overview: 🏗 PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private...
Wipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
NIFTY is not very indicative for now, we saw a huge fall today specially in Banknifty, while NIFTY held out good despite the Liquidity Void it had from 31 Jan rally. Now OI is -ve for both of the instruments, we shall see the price action on these levels. I am a little bit biased towards bullish movement but yes after a bear trap or consolidation. Let's see what...
FINNIFTY is at its crucial bottom. If it breaks it tomorrow then we will wait for the most likely see the bear trap on which we we will enter for long positions and if it breakdown the bottom and comes to retest then we will enter short positions after seeing some confirming bearish candles. Seeing OI Data, Market looks mildly bearish. We will make our positions...
Nifty next up move will come when it close above 22150 on monthly chart. Empirically, in General election year, Nifty has a tendency to bottom out in Feb-March, followed by minimum 12-16% rally towards General election outcome in each of seven instances over past three decades. As per chart nifty may be bottom out near levels 21120-20850 in upcoming days. So, buy...
Confirmations:- 1] bullish trend 2] break of structure 3] fair value gap entry 4] Fibonacci 50% Target confirmations:- 1] swing high
ITC is currently trading within the support range of 412 - 406, which was established on April 23rd and has been retested. This range presents a potential buy or accumulation opportunity. In case of a break, consider buying at lower levels, such as 392 and 362, based on the Fibonacci retracement level at 50%.
Day chart I figured out Golden Ratio Zone in range 0.33 - 0.41 and this zone is supported by Fibo Channel so that make a confluence around here to support for the main trend Besides, I see the support around 0.49 but I think this support isn't strong Time will tell
Insurance sector in action with leading company giving all time high breakout. LIC of India is giving all time high breakout on daily chart. The volume in last 1-2 months are quite high and stock has till now given a returns of almost 30% in year 2023. This seems just the beginning of rally in this stock. The next possible levels on the chart is 1083 according to...
Chart analysis: Pattern: Ascending triangle pattern is formed when the consolidation takes place. The pattern is formed from more than 6 months candles indicating strong pattern formation and after BO the trend continues. Pullback: Pullback of last rally is between 0.382 and 0.5 which indicates the momentum is still present. Volume: Volume dry up happening,...
Lots of News and Up n Down. Will More fall be there in Crude or it will Consolidate here for sometime. We will wait for inventory Data and Any news RED SEA NEWS and WAR NEWS will have major impact on this.... Till Enjoy weekend and do your study chart and levels is here.. :)
Index is facing resistance at higher level and unable to sustain.. will A new high be there or profit booking continue....enjoy the weekend and do your study ...Chart is here :)
Index is facing resistance at higher level and unable to sustain.. will A new high be there or profit booking continue....enjoy the weekend and do your study ...Chart is here :)
Easemytrip is one of the highest beneficiary of growing tourism in India. The stock has phenomenal sales growth of 45% in past 3 years. New age companies are risky investment stocks but this stock looks best among all. Stock will fly once 52 is crossed WCB I have used fibonacci retracements for targets.
Nifty made a good triangle pattern in 15 and 5 min Timeframe and gave a breakout and retest scenerio on 21700 levels. Well, since tomorrow is a BUDGET day which is gonna be released on 11 am. I am gonna avoid all the morning trades due to the volatility in the market in the morning session. Premiums will be high too in the morning because FIIs/DIIs will be waiting...
Nifty is on make or break level. It form H&S pattern on weekly chart with neck line 21370. Current week will be the high volatile due Budget and FED meeting outcome. Nifty may test 21970 on higher side in under high volatility of both event. if It test these level during budget speech and break lower level on down side 21370 on weekly chart H&S pattern will be...
Motilal Oswal has given a massive breakout of year 2017 on daily chart. This stock has given almost 80% return in year 2023 and around 30% return in last one month. This breakout is all time high for this stock and entered in blue sky zone where there is no resistance upside. Generally stocks gives huge returns after all time high breakout. The possible targets...
Entire tyre manufacturing companies are in good position. This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool. Disclaimer: Stock shared is for...