Nifty Weekly Analysis For 05-08-24 to 09-08-24 Daily & Weekly Trend in Nifty is Bullish. Evening Star pattern formed in Daily chart which is a sign of Reversal. Hourly Structure changed to Bearish, So we may see some correction for previous Impulsive move in the coming weeks. Short Level for Monday is Below 24680 for the Targets of 24580/24480. Long Level Above...
REALTY Following an impressive bull run, the index has begun to consolidate and has taken the shape of a Rounding Top pattern. With significant selling pressure, the index is currently hovering around its trendline support level, which also happens to be the neckline of the Rounding Top pattern. If the trendline is breached, we could potentially witness a...
NSE: CLEAN has penetrated the trendline and the Range channel on the Weekly Time Frame. Good price to enter on the retest of the range channel. Enter with 50% quantities and 50% after the close above current price. SL at this weeks low.
It is a 994 cr company which manufactures Plywood and MDF board with a P/E of 23 as compared to industry P/E of 35. On chart it is above 200 DMA. Almost a year downtrend has been broken and last week volume is on higher side. It has resistance zone 390 to 405. above that it can go higher, first target can consider above 500 which is again a resistance zone as...
AsianPaints has confirmed UP trend Pattern in Daily TF. as part of UP trend Next week it may form an HL pattern to continue the UP trend in coming days
Nifty in (a) of 2nd wave Nifty may take support from 22450 If the 22450 level is broken on a daily closing basis may see a deeper correction
Momentum started on AWL, Company posted highest ever profit this quarter. AWL is having potential to give 27% upside soon.
Gold on weekly timeframe showing bearish divergence Gold showing a channel shown to be in the fourth wave Gold if breakout channel structure may start for fifth wave on weekly until then in fourth wave
BTC continues to be in WXYXZ correction BTC on 4H time frame seems to be in Z wave completed (a) and (b) now in (c) wave. BTC in the second of the (c) wave may face resistance from the golden zone and go bearish giving a target of 127% for the (Z) wave.
(1) The price has been consistently trending upwards over the past year. (2) Following the breakout of the Pole & Flag pattern, the price surged sharply. (3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally. (4) After 3 months of consolidation, the price finally...
Previously rejected twice and now long buildup, at breakout level. Good to buy near 21 ma or add more at dips. Financially stable stock at good price looking for breakout on all time high. Minimum 1:2 in short term, and hold for long term.
Green pannel, Breakout from here. Sl below the trend line. Chart is self explanatory. Please follow the price action & take the trade as per your appetite. The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock...
Shri Renuka sugar Breakout from here. Sl below the trend line. Chart is self explanatory. Please follow the price action & take the trade as per your appetite. The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock...
Buy now and average till 2,900 Target 3550, 4020, 4370. SL 2640.
Majar level is 3382 after q1 results if titan saved this majar trandline of nov 23 it's my next best stock for next 6 month Momentum will start only above 3500
The stock dropped 4% after BSV acquisition announcement on Friday slid a little more to support levels of 2045 and bounced back to close at 2063. The Co. will be announcing earnings which if goes well, the company can break through 2,200 resistance and move upwards. The company also has regulatory approvals pending from: -Competition Commission of India...
Fundamental thesis -Guidance for higher capacity and production in '25 - '26 -Company fundamentals have constantly outperformed previous periods -Good return ratios (Avg 6yr ROE > 30%/ROCE >29%) -Stock trading at July 23 level with all fundamentals outperforming previous periods -Increase in FII and DII holdings - Considerably low risk play as it one of the...
2000 2008 And now 2025 Nifty is expected to witness decent Profit booking in the Year 2025. Sit on at least 50% Cash to be prepared for the Crash! 17000 to 18000 Levels could be tested if History is to repeat itself. Theory behind this Possibility playing out: Every time Fed has started QE, Stocks have corrected by around 50 to 60 %. Be it 2000 or...