#MAPMYINDIA has taken the support from the 50 Week MA once again. Look how the stock bounced after closing above 50MA in the past.
Mawana Sugar @ 124 BO Mawana Sugar chart consolidating around 117-119. SL 100 Levels. Resistance zones 185-190. Pl
This chart of Polycab India Ltd shows significant technical activity. Here’s a detailed breakdown of the chart analysis using various elements and emojis: 1. Price Action: The stock experienced a gap down 📉 in July, where the price dropped significantly, likely due to negative news or market conditions. After the gap down, the price started to consolidate in a...
This chart of Polycab India Ltd shows significant technical activity. Here’s a detailed breakdown of the chart analysis using various elements and emojis: 1. Price Action: The stock experienced a gap down 📉 in July, where the price dropped significantly, likely due to negative news or market conditions. After the gap down, the price started to consolidate in a...
inverted head and shoulder pattern looking good for long can be tracked for 2500++
Guys... I am sharing my analysis of Nifty over a longer time frame. The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle. This primary cycle runs in smaller intermediate waves. Wave 1 started on April 2023; Wave 3 from November 2023; Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May...
Short Term Trading Advice by Goodluck Capital Buy Piramal Pharma Buy Range- 172 - 178 Target- 190 - 195 StopLoss- below 165 Potential Return- 10-11% Approx trade duration 14 - 15 days
It's trendline breakout in renuka sugar on weekly basis. Closing above 55 on weekly basis can result in Target of 58,63 & 79. Bullish, flag and pole pattern. So plan to go long above 55.
If in upcoming week Bajaj Hindustan sugar is manages to close above 46.20 then we can expect a target of rupees 60,75 and 80. Chart looking good on weekly basis as it is forming a flag and pole pattern. so recommended to buy above 46.20.
International Conveyors Ltd Incorporated in 1973, International Conveyors Limited (ICL) is engaged in the manufacturing and marketing of solid woven PVC covered conveyor belts. These belts are fire retardant, antistatic and are mainly used in underground mines for transportation of minerals such as Coal & Potash . FUNDAMENALS: Market Cap₹ 651 Cr. Current...
MOIL is currently seems in hold position. The stock is near a strong support area, aligned with the 50 EMA, indicating a potential for a bounce if buying pressure builds up. However, there is noticeable resistance in the supply zone above. The RSI is neutral, pointing to a possible consolidation phase. A breakdown below the support area could trigger a sell, while...
Change in Market structure, Breakout of triangle pattern. Levels on chart.
It can be observed that - *Monthly RSI is near 60 *Weekly RSI is near 40 * Daily RSI is around oversold zone Also it is approaching the support zone of 255/250 The correction/fall is missing any high volume/distribution days, indicating mild selling pressure
The W pattern, also known as the double bottom pattern, is a bullish reversal pattern that signals a potential change from a downtrend to an uptrend. Here’s a concise overview: W Pattern (Double Bottom) Definition: The W pattern forms when a stock’s price makes two distinct lows, separated by a peak in between, resembling the letter “W” on the...
Trendline Breakout Definition: A trendline breakout occurs when the price of an asset breaks through a trendline, signaling a potential change in the direction of the trend12. Types of Trendlines: Uptrend Line: Drawn by connecting higher lows in an uptrend. Downtrend Line: Drawn by connecting lower highs in a downtrend. Identifying a Trendline Breakout Draw the...
JSWSTEEL 1000 OCT OPTION SCRIPT MY PERSONAL TRADE FOR OCT Range consolidations and breakouts with good volume are key concepts in technical analysis. Here’s a concise overview: Range Consolidation Definition: This occurs when a stock’s price moves within a narrow range, creating a horizontal pattern on the chart. It indicates a period of indecision in...
Interglobe Aviation CMP:4256.50; RSI: 62.43. Indigo results has been pretty decent and yet again beat the market expectations. Profit booking is seen immediately after that, which is good sign and good opportunity for those who doesn’t hold the shares yet, also a good price point to accumulate. Indigo is undoubtedly enjoying the monopoly scenario for another...