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Tanla - Monthly Chart - Ascending Channel - LongTanla Platforms Ltd. has been trading within a well-defined ascending channel for almost 10 years now. The support at the bottom of the channel and the resistance at the top of the channel have been tested many times over the years, as the chart shows. The Price has again bounced after touching the bottom of the channel last month and RSI has a strong upward trajectory. Key Points: Ascending Channel: The stock has maintained an ascending channel for almost a decade, with the price consistently respecting the channel's boundaries. Support at Bottom: The lower boundary of the channel has been tested multiple times and has held strong, indicating robust support. Resistance at Top: The upper boundary of the channel has also been tested multiple times, acting as a reliable resistance level. Recent Bounce: The price recently hit the bottom of the channel last month and bounced off, suggesting a possible continuation towards the upper boundary. Volume Analysis: The volume has shown significant spikes during periods of upward movement, reflecting strong buying interest. RSI: The RSI (14) is currently at 52.98 and trending upwards, indicating growing bullish momentum. The RSI's upward trend further supports a bullish outlook. Disclosure: Invested at 920.00 Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:TANLALong
by gurinder1988
Natco Pharma Ltd: - A Prescription for Profits!Natco Pharma Ltd: From Cup to Breakout - A Prescription for Profits! Technical Analysis: Cup and Handle Formation: Natco just completed a textbook cup and handle pattern. It's like the stock was preparing a perfect cup of bullish tea, complete with a handle for easy holding! Breakout: Hold onto your stethoscopes! Natco has broken out above resistance with more energy than a kid on a sugar rush. Trend: The uptrend is so strong, it could probably cure the common cold (disclaimer: it can't, but wouldn't that be nice?). Volume: Rising volume confirms the breakout. Traders are piling in faster than hypochondriacs at a pharmacy during flu season. Support: Previous resistance at 959.80 now likely to act as support. It's like the floor and ceiling just played musical chairs! Fundamental Factors: Pharmaceutical sector seeing increased interest. Natco's producing more buzz than a beehive near a coffee plantation. Potential new drug approvals or pipeline developments could be fueling this healthy rally. Risks: After such a strong move, a pullback is possible. Even the best medicines have their side effects! Keep an eye on broader market sentiment and sector-specific news. Trade Idea: Consider long positions with a stop loss below the breakout level. Target the psychological 1,500 level - let's see if Natco can join the 1.5K club! Remember, traders, timing in the market is like timing your antibiotic doses - crucial for the best results! Key Levels to Watch: New support (old resistance): 959.80 Next psychological resistance: 1,500.00 Stop loss consideration: Below 1,150.00 Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk. Remember, the stock market, like the pharmaceutical industry, requires careful study and a strong stomach for volatility!
NSE:NATCOPHARMLong
by TRADING-NASA
CAMS standing on a strong demand zoneCAMS has been in a downtrend from end of 2021. We can see on the chart that the stock is consolidating near a strong support of 2000 level. RSI is forming higher lows which indicate strength of buyers at this level. It looks attractive at CMP for a positional long trade for minimum target of 2300.However, a weekly closing below 2000 levels will have a sharp fall upto 1750 levels which is a major risk. Kindly consider this idea for educational purposes and trade as per your own analysis.
NSE:CAMSLong
by chartistamey
Euro Declines Amid French Election UncertaintyThe euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections. The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend is being reinforced. The euro may continue to face pressure if the political situation in France shows no signs of improvement. I personally believe that uncertainty will persist at least until the election results are clearly determined. Do you have any other predictions?
Short
by Henry_pro
1
Biocon - Monthly - Ascending Channel - Rebound & Breakout - LongBiocon Ltd. (NSE: BIOCON) has been consistently trading within a long-term ascending channel, with the channel Top and Bottom being tested multiple times over the years, as shown in the chart. The Price has again bounced after touching the bottom of the channel and made a breakout from a descending trendline followed by a successful retest. The RSI trajectory is also bullish. Key Points: 1. Ascending Channel: The stock has been moving within a well-defined ascending channel since 2013. The recent price action saw a strong bounce off the lower boundary of the channel, suggesting robust support at this level. 2. Key Support and Resistance Levels: The chart highlights multiple instances where the stock has found support at the bottom of the channel and faced resistance at the top. These levels have been tested several times, reinforcing the reliability of this trend. 3. Relative Strength Index (RSI): The RSI is currently at 64.77, trending upwards. This indicates bullish momentum and suggests that the stock could continue its upward movement. The RSI has consistently made higher lows and higher highs, which further supports the bullish outlook. Breakout on Weekly Timeframe The weekly chart shows a breakout from a descending trendline followed by a successful retest, confirming the bullish momentum. The RSI on the weekly timeframe is also in an upward trend, indicating strong momentum. Disclosure: Invested at 338 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions. Please do leave a comment with your views or any additional insights you might have. If you found this analysis helpful, give it a boost and follow me for more in-depth analyses and updates on promising stocks.
NSE:BIOCONLong
by gurinder1988
Kelltontec - Breakout above 135-40.Kellton Tech Solutions Ltd offers services in digital transformation, ERP and other IT services. It has operations across US, Europe, India and Asia-Pacific with a team of ~1,800 employees. Looks like near the breakout level. Good to buy on dip and buy above 135-40 will be breakout levels. Cup and handle pattern formation and on the breakout we can see the straight up move to the 500 or more... Market Cap: 1190 Cr. Promoter holding: 51.9% FII holding: 0.79% DII holding: 0.00% Public holding: 47.3%
NSE:KELLTONTECLong
by isagar_chauhan_
Gold Continues to Trend UpwardsGold ended Friday's trading session on a positive note following the release of key economic data from the Non-Farm Payroll report, which indicated weak data for the USD, gold prices surged immediately after breaking through the 236x resistance zone. Observing the H4 chart, we can clearly see the upward trend in gold prices. There is a notable double bottom pattern, targeting the 2,40x level. However, achieving this target will require support from sellers to push the price up to that range. The uptrend is expected to continue this week, but we should wait for a slight pullback for a retest before the price makes a strong upward move.
OANDA:XAUUSDLong
by Henry_pro
NIFTY 50 [analysis 1hr ]NIFTY 50 i try this time fib retracement for targets and support & resistance level marking . watch on chart this work . some time not any news , technical analysis work very well without fail. this not any entry or trgets ..this nifty prection of nifty 50 move on my study .... for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "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
NSE:NIFTYLong
by asAMOLSUTAR
SWING OPPORTUNITY IN GOLDIAMRefer the chart for Entry,Target and SL. NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:GOLDIAMLong
by rkinspiro1
Rane Brake Lining - Monthly Chart - Ascending Channel - LongRane Brake Lining Ltd. (NSE: RBL) moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart. The Price has again bounced after touching the bottom of the channel and RSI has a strong upward trajectory. Key Points: Ascending Channel: The stock has been trading within a well-defined ascending channel for several years. The price recently bounced off the lower boundary, affirming strong support at this level. Key Support Levels: The chart highlights multiple instances where the stock has found strong support at the bottom of the channel, reinforcing the robustness of this upward trend. Each bounce off the lower boundary has led to significant upward movements. Relative Strength Index (RSI): The RSI is trending upwards and currently stands at 63.9, indicating bullish momentum. The price has also broken above the trendline on Weekly timeframe as shown above. Disclosure: Invested at 960.15 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
RLong
by gurinder1988
7