Allcargo Logistics has been trading sideways for nearly 20-21 months since its peak in November 2022, indicating a prolonged consolidation phase. The recent price action suggests that this corrective phase may be coming to an end, with the potential for a new impulsive move upward. With a strong support level identified at 58, this presents a strategic buying...
NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly,...
BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level....
Shyam Metalics appears to have entered its third wave as per Elliott Wave theory, signaling a strong potential for upward momentum. The third wave is typically the most powerful and extended wave in the Elliott Wave sequence, often marked by increased buying interest and a surge in price. Given the current technical setup, this wave could propel Shyam Metalics to...
Hello Traders, Lupin is all set to break the Cup of almost 9 Yrs. Sector is Performing well & Stock is in the radar. Kepp the eyes on this stock, with high volatility it will give upto 20% in single swing trade. Facing resistance on from 2 weeks in Daily chart just wait for the Breakout to Happen on Hourly & all set to Go. Monthly , Weekly & Daily Rsi...
ANGEL ONE LTD WILL REVERSE Its Trend Look At the Volume Bar
NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ Support: 51118-50950-50780 ❇️ Resistance : 51344-51455-51620 👉🏻 PURPLE LINE : 51230 is a key level, above buying, Below selling. 👉🏻 @thetradeforecast 🇮🇳
Market definitely drop, Don't buy any stock Very big consolidation coming at near My humble opinion 26200 to 18700 Market dropped at 8000 point
Wyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation...
Being always we have seen the gaps any left in the rally are filled back n forth and a similar gap between 01/12/2023 - 04/12/2023 is still there alive. We might feel the conditions to be optimistic but the reality is euphoria where any corrective move with 1%+ seen on any single day will be causing bigger impacts.
Wyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation...
NDR Auto Components has demonstrated a powerful upward move, closing at ₹1,639.10, reflecting an impressive 17.35% gain. Key Observations: Bullish Breakout: The price action has decisively broken out above a rising trendline, which had been acting as a resistance level for a considerable time. This breakout is accompanied by strong volume, indicating investor...
As we can see BANKNIFTY did managed to show strong upmove after opening strong above the trendline resistance but ended up closing below the trendline with big wick above forming more like a bearish hammer showing signs of weakness. Hence as long as BANKNIFTY doesn’t sustains itself above the trendline, every rise can be sold so plan your trades accordingly.
IPO is near of a division and the parents started running. bajaj finserve ready for a breakout. levels are similar with trendlines shown best RR ration soon will be all time high.
Date 26.08.2024 Laxmi Organic Industries Timeframe : Day chart NSE: LXCHEM Breakout once cross 290-294 Regards, Ankur
In MTF we can see a BO of Trend Line with Highest Volume This can be a Systematic Trading Plan kind of a trade, if you want to know more about STP, see my video published on TV on 26 Aug, you will have clarity.
PRAKASH has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation after...
It is in a flag n pole pattern and its financials are also very good and FIIS are also interesting in this. FIIS has increased its stake by 8% this quarter. Date(Transcript ) EPS %Chg Sales(Cr) %Chg Jun-24 0.08 +33% 10.7 +30% Mar-24 2.24 +1936% 23.0 +109% Dec-23 0.12 +400% ...