Get started

Harmonicsignals

Stock Market Analysis Report: Lupin Limited (NSE: LUPIN) Introduction Greetings, traders! If you're looking for a pharmaceutical stock that might just cure your portfolio blues, look no further than Lupin Limited. This stock is brewing up an interesting pattern that’s worth a closer look. Let’s dive into the technical details and see what’s in store! Price Action Overview Chart Analysis Current Price: ₹1,759.30 Daily High: ₹1,767.00 Daily Low: ₹1,598.25 Volume: 10.039M Key Technical Indicators Bearish Gartley Pattern: The chart reveals a bearish Gartley pattern, suggesting a potential reversal. Rectangle Pattern with Potential False Breakout: The price is within a rectangle pattern, hinting at a potential false breakout. Decreasing Volume: The volume is on a decline, which could signal weakening momentum. Detailed Analysis Bearish Gartley Pattern Formation: The Bearish Gartley pattern, marked by points X, A, B, C, and D, indicates a potential reversal from the current uptrend. Implications: This pattern suggests that the stock might face resistance at the current levels and could potentially see a pullback. Rectangle Pattern with Potential False Breakout Rectangle Pattern: The stock price is trading within a rectangle pattern, showing consolidation between support and resistance levels. False Breakout: The current breakout might be a false one, as indicated by the rectangle pattern and the resistance at point D. Decreasing Volume Volume Trend: The decreasing volume trend suggests that the current upward momentum might be losing steam. Significance: Lower volume during a breakout can indicate a lack of strong buying interest, increasing the chances of a reversal. Price Targets and Support Levels Immediate Resistance: ₹1,800.00 - This is the next resistance level to watch closely. Support Levels: Primary Support: ₹1,600.00 - A key level to maintain for bullish sentiment. Secondary Support: ₹1,400.00 - A more conservative support level aligning with previous consolidation areas. 💊📉 Conclusion Lupin Limited is showing a bearish Gartley pattern with a potential false breakout within a rectangle pattern. The decreasing volume adds caution to the current bullish momentum. Keep an eye on the resistance level at ₹1,800.00 and monitor the volume to gauge the strength of the current trend. Happy trading, and may your portfolio stay healthy and robust! 🌿💰 Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
NSE:LUPIN
by TRADING-NASA
NIFTYHello & welcome to this analysis Nifty in the hourly time frame has activated a Bearish Harmonic Alt Shark with the sharp drop since opening bell today. Now its gone onto make a Bullish Harmonic Reciprocal ABCD, however, since the drop was very sharp and its yet to do 38% of its minimum expected retracement, a confirmation for this bullish reversal will be once it starts sustaining above 22475. Failure to hold today's low so far opens for the 38-50-62% retracement levels
NSE:NIFTY
by Dinesh_C_Nagpal
1
HANG SENGHello & welcome to this analysis HANG SENG is entering the PRZ of two bullish Harmonic Trading Patterns in the monthly time frame, Cypher and Butterfly. The index has been in a downtrend since 2017, the potential reversal zone is between 14450-13950 would also coincide with a probable parallel channel starting from 2008. In India the Nippon India ETF Hang Seng Bee (HNGSNGBEES) is listed in BSE. One can look at it from a medium to long term investment perspective since this is a monthly reversal signal coming up. Happy Investing
TVC:HSILong
by Dinesh_C_Nagpal
L&T FINACE HOLDINGHello & Welcome to this analysis Stock has entered in the PRZ of a Bearish Harmonic Bat Pattern in the monthly time frame suggesting a retracement 135-115. The pattern gets negated above 188 - X pt of the pattern. Since this is a monthly structure it could see a longer period of consolidation before it either does a distribution and dips down or after a sideways accumulation breaks on the upside. Downward trigger level currently is at 155 on weekly basis. Safe trading & investing
NSE:LTFShort
by Dinesh_C_Nagpal
1
MARUTI Hello and welcome to this analysis Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback. Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders can look for swing trading opportunities with resistance near 10400-500 and support at 9800-9600. Happy Investing
NSE:MARUTI
by Dinesh_C_Nagpal
NIFTY MIDCAP SELECTHello and welcome to this analysis The index has formed a Bearish Harmonic Deep Crab in the weekly time frame. It is currently in the PRZ zone of 9050-9400. As of now its not showing any sign of weakness. If it starts sustaining below 9050 the bearish structure would get activated for 8600/8250. There is resistance between 9200-9250. One should wait for confirmation of weakness then look to exit longs and/or fresh shorts. Fresh aggressive trading inside the PRZ should be avoided either side. All the best
N
by Dinesh_C_Nagpal
1