Breakout from multiyear triangle pattern with high volume in weekly TF
Valiant Lab breakout with hue volume. Breakout of resistance and 50EMA . Retestng of 50EMA and resistance line have been done. Now possible target seems 215 , 65% upside possible in 6-9 month. To protect loss better to place stop loss at 118. Please be informed that its for learning and analysis purpose only.Kindly do thorough research before get into any...
Wait for candle to close below or above, as there’s a big movement upside possible. Short is not going to be a big movement.
Jagran Prakashan Limited , given breakout of C&H , Resistane and 50EMA. Retesting also done. Huge volume buildup oberved. Now its seems to hit target of 130. To be of safer side put SL at 100.
Last week we predicted that Gold can touch 2526$ on higher Side, It actually touched 2529$ on higher Side. Our Spot #Gold Range Prediction from 09/09/2024 to 13/09/2024 is as under. Gold Spot : 2471$-2545$ Gold INR : 70800-72900 Our Spot #Silver Range prediction from 09/09/2024 to 13/09/2024 is as under. Silver Spot: 26.78$-28.66$ Silver INR: ...
Trading trend analysis for September 9, 2024: After creating a candle wick on the M timeframe, the gold price has closed with a strong wick on the D and W timeframes. The gold price has not yet surpassed the peak of 2531; however, it is certain that the gold price will exceed this peak to reach levels of 2538-2542, 2548-2553, or 2565-2570. The trading trend...
Iris Clothing Ltd breaks out stock. It recently broke out 50 EMA as well as a resistance line. IRIS clothing did retesting of the resistance line too. It has formed a basing pattern nicely. Volume buildup observed. It seemed it is ready for the next targets of 10% and then 20% respectively.
Banknifty is trading below the 50k levels and the weekly bearish engulfing candle signifies some bearishness coming. The market has reversed from 50% fib levels and the pattern formation is also negative. Index seems to give a follow through candle in the same direction as it has been trading silently for past few days. Major levels :-50400, 49940, 49670 If...
Bajaj Finance cmp 7317.15 by Weekly Chart view - Support Zone at 6700 to 6800 Price Band - Resistance Zone at 7600 to 7700 Price Band - Falling Resistance Trendline Price Breakout done and needs to sustain for fresh upside - Price Breakout momentum supported by the good Volumes traversing over Rising Support Trendline - Weekly basis Support seen at 6850 > 6240 >...
The index after a long time has given some momentum on intraday basis and closed below the psycological number of 25k. A bearish engulfing candle on the weekly time frames shows some weakness on the charts. If the market starts trading below the 24800 levels, there are chances of testing lower levels. Hourly 200 ema is also around the support zone, while the...
Facing resistance again here, but my guess: If we reclaim 54.8k - 55k Break. Looking for these levels to play out, internal structure bullish will be looking for shorts around 55.6K (if given trigger), breakdown of key low marked will push prices to lower levels.
Whales Return to Quant: Are We Seeing a Market Revival? Qunat price DAA divergence metrics highlights a positive divergence in the recent sessions. Whales have accumulated significantly 0.5% of the total supply indicating large players' comeback. Quant price made a strong rebound from the lows indicating a buyers comeback. At the time of writing, Quant was...
Date 08.09.2024 Nifty 50 Index Timeframe : Day chart Set-up for Monday (09.09.2024) Remarks : Points & Strategy For longs : Opening, if opening is happening below the low of previous days long range selling candle then don't jump on buying for 1st 30 minutes. If opening is happening within the candle of previous day's red candle the after 1st 15 mins keep...
BankNifty Stance Neutral ➡️ BankNifty has lost only 694pts ~ 1.35% over the last week and interestingly 896pts drop came on Friday, 6th Sep. Our stance has been neutral for quite some time now and prefer to stay neutral until 49728 is not getting taken out. The daily candle of BN is quite different than Nifty. BN did not even retrace the top that it made on 4th...
Ginni Filament Ltd , Recently gave break out of 50EMA and long resistance down trend line. Broke out with huge volume. Retesting of 50EMA/resistance line is pending. Once retesting done that is great time to enter for target of 20% upside. Thanks @vijaigautam
📈 D.P.ABHUSHAN has broken out the parallel price channel with a huge volume spurt. 🔰 It can rise as the difference of the parallel channel. 🟢 Range : 1450 to 1500 🎯 Target : 1600 / 1700-1725 🛑 SL : 1250 (DCB) ⚠️ Disclaimer : This is not a buy/sell advice. It's a view purely for the educational purposes.
Nifty Stance Neutral ➡️ Nifty has only fallen 379.95pts ~ 1.5% this week and it is pretty early to go bearish, but the structure gives a lot of hope for a bear attack. You all might agree that we are in an overvalued territory, even if we fall 20%, we might still be overvalued. If you look at the daily candle, a strong double top is forming. For conclusive...
It's showing great momentum . W pattern breakout with great volume. One can consider for catch the momentum. Note :- It's not recommendation to buy or sell.