When analyzing the price movement of Astral, a prominent stock, towards a demand zone, several technical aspects need to be considered. Here is a comprehensive breakdown: 1. Understanding Demand Zones A demand zone is a price level where buying interest is strong enough to overcome selling pressure, often leading to a price increase. This zone typically forms at...
Gold has started its rebound after a series of important U.S. economic data went worse than expected since the beginning of this month, and the US inflation data slowed further last week has accelerated the upward momentum. The price rose to a one-month high of 2422 on Friday, with the week ending near 2414. Note that the price of silver also broke through the...
Silver looks good. Silver Brokeout of Monthly Trendline and Horizontal Resitance also. I will take more silver expecting 35$ and 50$ as Targets if it closes monthly above 30$. Lets see and plan accordingly.
Broken trend line on day tf . Looks good for a short term upmove.
CONFIPET weekly chart shows coming to trendline. Will give a good Risk:Reward setup. Waiting for good reversal setup near trendline. After confirmation will plan a trade.
GBPUSD struggles to extend the biggest weekly gains since early March while confronting a five-week-old horizontal resistance area surrounding 1.2700-2710 early Monday. In doing so, the Pound Sterling takes clues from the overbought RSI (14) and the sluggish MACD signals while hovering near the upper end of the one-month-old rising wedge bearish chart formation....
Cromton Greaves broke out weekly Trendline. But need to break horizontal resistance Good trade if planned well
NSE:TATAMOTORS is now at an interesting point. It can move either but I have positive bias.
One of India's biggest wealth maker is giving opportunity to enter. India VIX has fallen, global tensions seem to be calm. If Crude is under control then margin pressure will be released and profit may see good upside. Sufficient demand is already there.
Last year's hero has been underperforming this year but now seems to be getting back in the run up.
NSE:GSFC broke out and has now completed the retest as well. Expecting the move to continue from here.
If you missed trade in FSL then here is another one. NSE:RUSHIL double bottom breakout awaited on closing basis, price broke out today. Weekly chart looks even stronger, earlier than before. Expecting 20% gains soon.
NSE:COFORGE is now available at a major support. Signs of reversal should lead investment opportunities into this stock. Majorly owned by DIIs and a professionals led management makes it a good stock at PE of 34.
This bank is caught in a 10% range box from almost 4 months now. This is the 7th time stock is near to lower end of the box which indicates weakening of support. NSE:INDUSINDBK is now ready to move out of this box.
Multiple inside bars and C&H pattern indicating a positive move for the stock. Results are due on 17th May for Q4. A significant part of company's revenue comes from overseas operations and subsidiaries. Let' see if it breaks out before results as we are almost a week away.
$CROMP up and going with a 5%+ move. A beautiful double bottom breakout for this consumer goods manufacturer.
After brekaout of Godrej Properties and good sales number from Birla Estates, NSE:OBEROIRLTY is forming multiple inside bar and preparing for C&H breakout.
After months of corrections, corporate action and consolidation Astral is finally ready for new highs!