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✅ The stock has been trading within a well-defined rising channel, with the price currently nearing the upper trendline around ₹1,120. This suggests potential for a breakout if bullish momentum continues. ✅ The RSI is trending upwards and is around 68, indicating growing bullish momentum. The stock has shown strong resilience within the channel, respecting both...
✅ The stock is approaching a critical resistance level near 1380, which coincides with its all-time high (ATH) and the upper boundary of its IPO range. This level has acted as a significant barrier in the past. ✅ The RSI is trending upwards around 60, indicating growing bullish momentum as the stock challenges this key resistance. ✅ If the stock successfully...
✅ The stock has convincingly broken through its long-term resistance level of 1044 which has been in place for over 6 years. This breakout signals a major bullish reversal in the stock's long-term trend. ✅ The breakout is backed by a notable surge in volume, adding credibility to the move and reducing the risk of a false breakout. The increased buying interest at...
Hi Folks, Tips have been trading in a channel previously since Feb 2024, recent week candle has given a breakout on top of falling wedge. Elliot Wave Analysis 1. Currently doing 4 wave of larger impulse. 2. Falling channel on weekly timeframe with RSI cooling off. 3. Recent week candle has broken out RSI as well as channel with surge in volumes. 4.5 wave...
✅ The stock has finally broken out of its long-term resistance near 54-55 which has acted as a significant ceiling since its IPO. This level marks the upper boundary of its trading range for the past two years and the breakout is a strong signal for further upward movement. ✅ The breakout is accompanied by a surge in volume indicating strong buying interest. The...
ITC, HUL, Dabur Stock Prices Rise up to 26% in 6 Months: Buy, Sell, or Hold? In the past six months, several consumer goods stocks, including ITC Ltd, Hindustan Unilever Ltd (HUL), and Dabur India, have seen notable gains, with stock prices rising up to 26%. This impressive rally has sparked interest among investors, who are now contemplating whether to buy,...
Hi Folks, Currently, stock seems to be completing 4 wave of ongoing larger 3 wave. Falling wedge has been broken and RSI breakout is evident too. Targets for 5 wave up are marked on chart. Huge tailwinds in consumer durable can propel this to new highs.
Polkadot Price Analysis: Bearish Forces Continue To Melt Price? Plokadot was exchanging close to $4.05 losing 2.43% a day. The RSI and 14 day SMA line showcased a bearish crossover indicating sellers' domination in the near term. Despite a strong recovery and improving sentiments in the crypto sector, Polkadot kept on melting down. Bitcoin has edged close to the...
TCS, Infosys, and Wipro Among Top NIFTY Losers: Here’s Why The Indian stock market recently witnessed a sharp decline in several major IT stocks, with Tata Consultancy Services (TCS), Infosys, and Wipro emerging as top NIFTY losers. These tech giants, which have been consistent performers in the NIFTY 50 index, faced significant sell-offs. The question is: What’s...
Based on your provided FIN Nifty daily and 5-minute time frame charts, here is the specific analysis: 1. Support and Resistance Levels for Next Trading Day: Support Levels: 24,200: Strong psychological and technical support. 24,100: A more conservative support level in case of a deeper correction. Resistance Levels: 24,450: Immediate resistance based on...
Nifty Support and Resistance levels Immeadiate Resistane is 24390 area Immeadiate Support is 24300 area Today end of day huge sell off happened in IT sector which indicates something changed in market before fed meeting to happen to night in US Markets ,which will impact our market also in a way. Any gap down or sustains below 24300 area will test 25 k...
On Wednesday, BankNifty opened flat and rallied over 750 points to reach a high of 52,954.20. However, some profit bookings followed, and it closed at 52,750.40, gaining 561 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (15 min): 52,406.95 - 52,484.55 Far Demand/Support...
US Fed Meeting: Rate Cut Expectations Drive Optimism for Indian Banks As the US Federal Reserve meeting progresses, market experts are increasingly optimistic about an impending rate cut. This anticipated reduction in interest rates is expected to have a ripple effect across global markets, with India standing to gain significantly. Among the biggest...
Not breaking either sides, need to close above 77-78 to move up
Based on the provided Bank Nifty daily and 5-minute charts, here is a detailed analysis for the next trading day: Support and Resistance Levels Support Levels: 52,400 - This level has shown to be a strong support in the recent past. 52,000 - Another significant support level, as seen from previous price action. Resistance Levels: 52,950 - The recent high...
AEVO's price reversed from its peak of $5.13, entering a bearish trend with lower lows and breaking multiple supports in Q2 2024. By the second month of Q3, bullish activity managed to halt the decline, but the price began consolidating in a narrower range below the 50-day EMA. According to AEVO price predictions, if it surpasses the 50-day EMA and successfully...