Dear followers, it's advisable to exercise caution in the Nifty50 at this time. A secure move beyond 22,100 would signal safety for further progression, but in the absence of such movement, anticipate a healthy correction. Exercise patience, closely observe the market structure, and make informed decisions as we navigate through this period.
As you can see, PIDILITE INDUSTRIES is at a major support level .
Will it maintain support?
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Case - 1: If the price breaks above R1 - Rs. 2370, then we will see an upside in the stock.
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Case - 2: If the price breaks above S1 - Rs. 2260, then there will be further downside will be expected.
In such a scenario, the price will fall to S2 - Rs....
Motherson formed a symmetrical triangle pattern. Price consolidating in the symmetrical triangle since 198 days if it will break up/down we can expect a good move
THE NATIONAL ALUMINIUM COMPANY has been on a high power bull run,the stock had been making new 52 week highs with the soaring prices of aluminium ores ,the stock has doubled from calender year low ,which clearly shows how the financials have been driven, the bull run has just started in the metal sector with rising demands across all sectors, the balance sheets of...
As many of my followers were asking about PRINCEPIPES, here is my view, Plz read the whole If still, your setups match go for it :)
Logic points --
1) On Monthly charts, It has not given a good retracement
2) On the day chart if you make a Fibonacci retracement from the lowest part till the near term high then u will see a retracement of only 0.2
3) Such...
we can consider 36040 level as support, and 37900 as resistance respectively.
Feel Free To Ask For Any Technical/Fundamental Query
Educational Purpose Only.
AS PER FIBONACCI ANALYSIS, SILVER CAN GIVE GOOD MOMENTUM IF SUSTAIN ON 68,000 LEVEL,
HOLD IF SUSTAIN ON 68
BULL TGT 69,900
BEAR TGT65,700
GO SHORT IF BREAK BELOW 67,300
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
EDUCATIONAL PURPOSE ONLY.
Keep an eye on BPCL it is on its verge of breakout. As you can see their is a formation of triangular pattern which is consolidation for few days not level is shrinking to the verge of breakout.
Nifty - Technical Analysis:
-Nifty gapped up good today around 11400 and closed at 11378
-Nifty got back in trading range and not move on wither side is possible with a bullish bias
Market - Driving Factors:
-Gains in index heavyweights HDFC twins, Asian Paints and Axis Bank
-Bharti Airtel, ONGC, Tata Steel, HCL Tech and RIL were among the laggards. Of 30 Sensex...
HAL is in a critical zone as if that trend line breaks it will be in a range parallel as that is having greater chance
BUT there can be a upward moving parallel channel if it bounces back and starts to move up
I AM ON NEUTRAL POSITION right now
please tell me in comment section if you find any error and also suggest me which stocks i should analyse
I AM...
Paper sector is booming due to adversarial move in crude price and long term negative impact of plastic on environment. this was the economical and sentimental change in though of investors, which has caused the price to move in tandem and stronger than nifty. However tenkan kijun and cloud B have become flat and price could be attracted towards it.
Also two...
According to setup and OI analysis, I think a 23800 CE SELL @ 7.35
and 22800/22900 PE SELL @ 12.6/18.5 would be good enough for 6th July Weekly Expiry.
