The chart you’ve provided shows the price movement of Wheels India Ltd. on a weekly timeframe. Here’s an analysis based on the chart: ### **Trend Analysis:** 1. **Downtrend Line Breakout**: The stock was in a long-term downtrend, as indicated by the red descending trendline. Recently, it appears that the price has broken above this downtrend line, which can be...
It is taking support exactly previous resistance. Support is 69 and Resistance is 100. Fibonacci Retracement indicator is also giving support to 69
#C98 is looking for bullish breakout as it approaches upper line of descending channel. In case of successful breakout price can jump upto 0.25 to 0.30 level. Stay tuned and keep an eye on it.
If share sustains on after breaking the trend it can give good amount of returns in short time, It's depends on trader to trader, how long they want to hold on the trade. It is always better to keep stop loss at each high, without stop loss the trade can leads to huge loss.
IRCTC looks like after 3-4 years of sideways moves It can rise above the other not so straight Railway stocks This is like the software that is needed daily- those are the hardware that come and go IRCTC model > RVNL, IRCON, IRFC
#SNX is currently having falling wedge structure inside bearish pennant. It is now trying to breakout. After successful breakout bullish rally upto 100% could be seen in mid term.
NSE:ALLCARGO ALL Cargo Looking good for Short term - Positive divergence - Double bottom - Volume burst - Triangle pattern BUY at CMP: 66-68 Target 1: 75 Target 2: 82+ SL : 60 Note: This is only for education purpose no BUY/SELL recommendation
HAL currently trading near 4768 .. now trading in support region. Expecting 5400++ to test in SEPT
Sector is weak but there is a chance of Trendline breakout for both sector and stock. Took this stock due to Hammer formed in Daily at 3:15pm which is a scope for increase in price. SL will be adjusted accordingly. Target = 1079 SL = 899 Entry = 965
Laxmi Chemicals has broken in weekly charts from a downtrend. This can move towards 650 levels. Keep a watch. Price action looks positive with volume formation.
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
The stock is trading near the strong support zone. Can enter for a short-term target of 20%.
The area around $13 to $13.147 is proving to be a significant resistance zone, for the daily TF movement. It is likely to act as a barrier to any short-term rallies and could create a struggle in Chhainlink. But surpassing this struggle would lead to the next resistance at $16.384. On the contrary, if the situation flips again under the bear's grip, then...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Nifty and Banknifty analysis for 22 august 2024 using SMC concepts
Stock is Witnessing Huge Volume From Last Days. Huge Delivery Marked on 20&21st August. Stock is Consolidating Betn 970&1050 odd levels. Any Break & Daily Close Above 1050 will be positive For Stock
Inverse head n shoulder on 1 hour and 75 minutes time frame. ready for quick gain
ICIL - INDO COUNT - Looking good for immediate target of 422-450+