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LONG

EXIDEIND Support & Resistance #EXIDEIND Trend: Strong uptrend from January to June 2024, followed by a corrective phase. Currently consolidating with signs of a potential reversal. Chart Pattern: Double Bottom pattern with a breakout above ₹490, signaling a possible trend reversal. Candlestick: Strong bullish candle today (+5.42%) with no upper wick, indicating strong buying pressure. Price Action: Support found at 460. Breakout above ₹490 shows buyer strength and momentum. Volume: Significant volume spike (13.69M), confirming the breakout strength. Buy Entry: Consider buying around ₹490-500 for potential upside. Stop Loss: Set a stop loss below 460 (key support level). Target: Initial target around 540, with potential to reach *580-1600 if momentum continues.
NSE:EXIDEINDLong
by SkyTradingZone
PRAJIND // level // D #PRAJIND Current Price: *801.55 Trend: Bullish breakout after a consolidation phase, indicating strong upward momentum. Chart Pattern: Breakout from *760, showing potential for further gains. Support Levels: *760 and *720. Resistance Levels: *825 and *850. Volume: High at 13.356 million, well above the 15-day average (~3-4 million), signaling strong buying interest. Recommendation: Buy near ₹780-800 with a target of ₹850 and stop-loss at *750 for a swing trade.
NSE:PRAJINDLong
by SkyTradingZone
TATATECH Support & Resistnce #TATATECH Current Price: *1,121 Trend: Bullish consolidation, approaching a potential breakout. Chart Pattern: Ascending triangle formation suggests a potential upward breakout. Resistance: ₹1,169 (immediate); strong resistance at this level. Support: ₹1,080 (initial) and ₹1,045 (major). Volume: Recent trading volume of 4.4 million shares; 15-day average volume of 3.5 million shares. Recommendation: Consider buying on a breakout above ₹1,169 for swing trade or on pullbacks around ₹1,080 with a stop loss below ₹1,045 for better risk management.
NSE:TATATECHLong
by SkyTradingZone