Banknifty currently broke up the huge trendline and took support on the same trendline with support line of 51260. I'm surprised to that a lot of stocks and indexes has good volume on the previous day. let's see the plan of bigger player in the market today.
Oberoi Reality gives confluence breakout at daily time frame with great amout of volume. Break out of 50EMA and 2 trendlines which gives more conviction to get into the trade. Target 1 seems 6% upside and target 2 seems 10% upside possible. Please do your due diligence before get into any trade. Thanks X @vijaigautam
Nifty is currently between the support and resistance zones. they are respected well. I'm surprised to see that A lot of the stocks had good volume on the previous day. Let's see the plan of the bigger player in the market.
🔊 STARHEALTH - Symmetric Triangle Breakout STARHEALTH - STAR HEALTH & AL INS CO LTD ⌛Duration - Short Term (4 month to 8 month) 📊📈 Trade Logic -Symmetric Triangle Breakout CMP - ₹628.65 Time Frame - Weekly 🎯Target 1 : ₹760 🎯Target 2 : ₹830 🎯Target 3 : ₹900 🛑 Stop : ₹560 🏆 Risk/Reward Ratio (1: 4.25) Disclaimer: The stock information shared above is not a...
On Friday, BankNifty opened with a gap up, reaching a high of 51466.55 before closing at 51351. With BankNifty now above the 51316 level (61.8% FIBO retracement), sustained trading above this level could trigger a rally towards 51750 and beyond. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Minor...
On Friday, Nifty opened with a gap up, reaching a new all-time high of 25268.35 before closing at 25235.90. The weekly trend (50 SMA) has shifted from positive to overbought, while the daily trend (50 SMA) remains positive. Support Levels: Near Minor Demand/Support Zone (15m): 25003 - 25047 Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone...
Looking at H1, we see a sharp decline on Friday last week to the 2494 area, signaling that this is wave 3 in the red 5-wave trend above. - According to the 5-wave structure, the price is currently completing wave 4 and then the price will continue to move in a downward trend to complete wave 5. The target is measured for wave 4 at the price range of 3507 - 2510,...
Flag and Pole observation in Mic Electronics Entry - Above 83 Tgt - Use Fibonacci Extension to trail Targets SL - 10%
Spinning Top Candlesticks A spinning top occurring at the peak of an uptrend can signify that the bullish is losing track and the trend is about to reverse. However, when a spinning top is at the base of a downtrend, it is a sign that the bearish is losing control, and the bullish may take control
ARIHANTCAP - Inverted Cup and Handle -Wkly-Breakout - Long It has two pattern -Symmetrical triangle and Inv CnH. Name - ARIHANTCAP Pattern - Inverted head and Shoulder Timeframe - Wkly Status - Breakout with good volume Cmp - 99.7 Target - 138.3 SL - 75.5/85 Pattern : Inv Head and shoulder The Inverted Head and Shoulders pattern is a bullish...
FOREXCOM:XAUUSD XAUUSD (GOLD) Analysis Current Market Price (CMP): 2503.44 Time Frame: 15 minutes Market Outlook: Gold is currently positioned near a critical level, with potential for further upward movement. A key resistance level at 2505 may be tested. If the price holds above this level, there is potential for further gains towards 2510, 2515, 2520,...
NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ Support: 51360-51470-51550-51740 . ❇️ Resistance : 51169-50969-50790-50588. 👉🏻 PURPLE LINE : 51260 is a key level, above buying, Below selling. 👉🏻 @thetradeforecast 🇮🇳
btc having good buy good around 58250 to 58350 for the target of 59000
Here's the text in lowercase: price has liquidated all the buyers and ranging over supports now, potential zone of 55900 on 4 hour timeframe as a good entry price and rest is mentioned on the charts. the resting liquidity which is generated in this so-called consolidation will get liquidated first and then some sharp moves will be seen on the charts, up till the...
Yes bank is the best example of the cup and handle pattern in the past and now in the range 1. Cup pattern start July 2020 at 21 Rs 2. Cup complete on Jan 2023 3. handle starts when it rejects of 22 Rs 4. handle complete on Dec 23 5. move bang to 32 Rs and after it rejects to 21 and makes it support line and its in range of 21 Rs to 28 Rs Disclaimer- The...
Chart of the Week: Deep Dive into Technical Analysis Join us for our weekly chart analysis where we dissect the most trending stocks and indices. This week, we'll delve into the intricacies of technical analysis. Learn how to: Identify patterns: Spot classic chart formations like head and shoulders, triangles, and flags. Use indicators: Understand the significance...
- Good P/E (28.0), & Good ROE (19.4%) - Quarterly results are ok. (Net Profit: 22 --> 29 --> 25) - Very Good YoY Growth. (Net Profit: 8 --> 48 --> 86) - VCP Pattern. Needs a push. - Levels are marked in the chart. - Big Clients (Both Government and Private) like Indian Railways, BSNL, RailTel, Tata Projects Limited, Adani Renewables, Adani Power, L&T, Siemens...
Rashtriya Chemicals & Fertilizers Ltd. is an India based fertilizers manufacturing company. It operates through the following segments: Fertilizers, Industrial Chemicals, and Trading. The Fertilizers segment engages in the production and supply of various grades of fertilizers for agricultural use. The Industrial Chemicals segment engages in the production of...