Confluence level - Nifty it can act as support or reversal 1. Downward regression channel bottom
2. Ascending Channel Bottom
3. Abc correct pattern 1:1
4. Previous Support level
What is confluence?
It's meeting point or multiple technical parameters coincides, like I mentioned above
What to expect?
1. Reversal if prices goes above 23400
2. If any short comming occurs next level could be 20200
G-channel
POLICYBZR near 200ema......Should we BUY?Pro's: POLICYBZR is at 200 Day moving average. It is at Channel support.
It has come to 200d ema supoort for second time.
Caution: It has made double top which isn't great technically. If it breaks channel support, then it may take support at IPO Breakout zone. But need to check Q3FY25 result growth pace to confirm it strength in stock.
HOMEFIRST Long Idea .......HOMEFIRST chart shows strength with volumes in last few weeks. Channel breakout will push price higher.
Stoploss and Targets are given in Chart.
Risk Management is important.
NOTE: It is Housing Finance company. Good ROE over the years. Not much affected with NPA's like Micro-Finance companies. Fundamentals good. Portfolio stock. It also needs lower Interest rates to drive growth in company.
ARMANFIN Long Idea ......ARMANFIN Technical: chart is looking good for reversal.
Stoploss & Targets are given in chart. In coming growth cycle, it might touch Channel high.
Risk Management is very Important as Micro-Finance Industry is in bad shape right now.
NOTE: It is NBFC with 2Wheeler, Microfinance, and MSME Loans. MFI segment is currently under very stress due to NPA's so bad asset quality, , provisions so drop in net profits. Drop in Interest rates will trigger next growth cycle. So closely observe RBI rates and signals in price chart.
EMMBI: Long Term SetupThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
EID PARRY: Long Term SetupThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
ASIANPAINTS buy/sell?ASIANPAINTS monthly chart shows price is nearing channel lower side.
We need to see whether it takes support or breaks down longterm channel.
NOTE: Asianpaints seen-ve sales growth in Q2FY25. Its made some CAPEX, yet to see its result.
Paint Industry growth is down currently. Need to see how it grows Q3, Q4FY25.
Personally want to buy if i see any reversal near channel support. Lets see.
Check Indigo Paints in this Industry which i feel also a good player.
AGI on the RiseAGI has shown significant volatility in recent months, responding to broader market trends, investor sentiment, and various macroeconomic factors. As of the latest trading data, AGI is positioned to explore further upside potential while establishing key support levels that investors should monitor.
The long-term outlook for AGI appears predominantly bullish with a suggested price target of 1972 , underpinned by a strong support level at 888 . Investors, keep a close watch on significant price action around these levels.
Disclaimer: The information presented in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any securities. It is imperative for investors to conduct their own due diligence and research before making any investment choices.
DIXON TECHNOLOGY channel break for next big moveNSE:DIXON seems ready for next big move as on weekly scale it has completed it's wedge pattern and already breakout happened for 40% now second entry comes now as it has now given breakout from channel (better visible on daily time frame).
Next, at least 40%, move is quite clear.
Note: Government ban over import of related goods could possible accelerate it.
Disclaimer: My ideas are not for recommendation purpose. Just sharing ideas with community.
DuroPly Industries Limited (flag ) DuroPly Industries Limited (BSE: 516003), we can identify key levels and patterns to consider for making a buying decision.
Chart Analysis:
Downward Channel Breakout:
The stock was in a downward channel from March 2024 to June 2024, as indicated by the shaded area on the chart.
Recently, the price has broken out of this downward channel, which is a bullish signal.
Volume Confirmation:
The breakout is accompanied by an increase in trading volume, confirming the validity of the breakout. This is a positive sign indicating strong buying interest.
Support and Resistance Levels:
Support Level: The lower boundary of the previous downward channel around 280-290 can act as a new support level.
Resistance Levels/Targets:
First Target (1st TRG): Around 360.
Second Target (2nd TRG): Around 440.
Buy on Pullback to Support:
Considering buying on a pullback to the new support level around 280-290. This would provide a better risk-reward ratio.
Volume Monitoring:
Ensure that the volume remains strong during the pullback and subsequent upward move. Decreasing volume on a pullback followed by increasing volume on a move up is ideal.
Stop Loss Placement:
Place a stop loss slightly below the support level (e.g., below 280) to manage risk effectively.
Trend Continuation:
If the price continues to move up with strong volume, consider holding for the targets of 360 and 440 as indicated on the chart.
Summary:
Entry Point: Consider buying around 280-290 on a pullback.
Stop Loss: Set a stop loss below 280.
Targets: First target around 360 and second target around 440.
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"Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
Island Top - Reversal Pattern, Rsi DivergenceIsland Reversal,
A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.
Rsi divergence implies a change in relative strength as compared to price movement.
The price has come out of the regression channel.
Probably we are in the 4th wave, which means we have completed the top of the 3rd impulse wave. This would be confirmed if it closed below 21550 in the coming weeks.
Analysis 1) stock at up trend momentum
2) 96 is the resistance level for the stock
3) this up trend supported by volume
4) volume building like mountains
5) 2022 APR "55-60" this zone act as resistance for the stock
6) after this breakout stock give 68% rally
7) 68% rally with in one months likely 22 sessions
8) same move can accepting from this stock
9) crossing sentimental and main resistance for the stock and must sustain above
10) stock give 25% move from present level
11) no recommendation for buy and sell
Bullish Kicker - Regression Channel BODaily time frame;
Regression Channel breakout Indicates Change in trend
Weekly time farmes;
Bullish Kicker candlestick signals reversal from the yellow support line, which was drawn from two prior tops (Oct'21 & Nov'22), which provided support as projected
Way forward,
1. Resistance, 19600
2. Support, 19200-19250
Regression channel breakout Nifty is heading towards the next resistance 18100-18200 range. It has given regression channel breakout with strong relative strength to the weekly time frame and it came with a strong gap-up opening.
Now the price is likely to settle at over 17600.
For the next 1 or 2 days small daily candles may get a form if there is any uncertainty related to price sustenance.
Kotak Mahindra BankThis video is only for education purpose. It shows that how any swing trader can make a position in combination of support and resistance level and regression channel.
We have analyze Kotak Mahindra Bank on daily chart. Bank is showing one way fall from INR 2000 to 1650. It is clearly shown with sliding regression channel.
After touching 1650, stock goes up to 1693. One can make long position if and only if stock breaks upper limit of regression channel on daily closing basis.
Note : - Please take your position after consulting SEBI registered investor advisor or analyst.