Demat account hits new high in FY24, 31 lakh more additions in March Rectangle box consolidation and flag breakout with good volume. Targets in chart. Could see breakout on Weekly RSI on zooming very close. If chart adjusted for dividends, Weekly RSI breakout is visible. 35% upside potential.
as we can see, despite the new ATH, NIFTY faced strong rejection which led to the fall over 1 percent in the single day. the zone as of now has been tested multiple times now making it weaker hence no matter what new low NIFTY makes, if any more tests are done the we may see new ATH another unidirectional rally so plan your trades accordingly.
ESCONET , very nice price strength with volume , its SME stock so may high risk and low volatility
BIOCON We can go long if the previous high broken. Trade with your own risk
~ #BOMDYEING - Gave a good breakout of multiple patterns ~ Breakout of a 3T VCP Pattern ~ Trendline Breakout ~ Stock Looks good for both Swing and Positional Trades
Greetings traders! 👋 Today, I'm sharing my analysis on HUDCO, which is showing a Breakout and Retest setup with volume build up. Here's a breakdown of the setup: 📌 Setup: BREAKOUT and RETEST SETUP 🔍 Analysis: I've conducted a thorough analysis on multiple timeframes, confirming the breakout and retest. 📊 Indicator Support: Momentum indicators are showing support...
06 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. US markets are up 1- 1.5%. 2. Asia and Europe are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 and hence at elevated levels. 2. GIFT Nifty is indicating 112 points uptick @22600 for Nifty and Bank Nifty is indicating gap up to 49200. INDEX HEAVY...
Nifty - CMP 22475 The Index is down to channel support as well as MA support. My oscillators are also telling me its a buy here. So go long on Nifty is the call.
ETHUSD is looking for long opportunity after forming corrective formation, expecting target to reach at 3400
Bitcoin is looking for buying opportunity after forming expanding channel & has clear formation to make movement to the upside, expecting target to reach at 68K
After good correction there is strength seen in this counter. Double bottom is confirmed here, this means now there is change in trend and now bias is up. buy on dips will be good strategy
Pharma on Fire ! Breakout Season in Full Swing ? Dr. Reddy's consolidating after a channel breakout, while Alembic, Natco, Torrent & Auro wait in the wings. Primal & Ajanta Pharma already rocketed! This Breakout Frenzy Hints at Sector Boom
Kabra Extrusiontec Falling Trendline Breakout on Daily Timeframe
Ppl pharma witnessing a Falling trendline Breakout along with cup and handle Pattern on the weekly timeframe.
As always, expectations from Adani Power Q4 results were very high and even though results were good (except for higher tax amount), there is a sense of disappointment in the street. The story remains intact; may be some more consolidation. Any panic fall towards 570-560 due to rumours/news should be treated as an opportunity to buy. This is not a trade...
Weekly charts are very strong on Daily charts multiple rejections at 2400 level followed by Bearish Engulf has cause weakness Expected pattern tgt is 2257 though being short is risky as larger trend is bullish Buy above 2352.64 for raiding bullish trend lower term supports are 2222.915 and 2148.990
Great Relative strength, Turnaround story, Good EPS growth, Media sector was in deep consolidation for years, signs of cyclical turnaround are seen, CMP 278, Target 1 - 500, Target 2 - 800, SL DCB - 215, Risk Reward is good