Varun Beverages Limited (4 HR Chart) CMP - 1639 3 months range breakout with volume breakout and retest done in 4 HR Chart
Good chart After crossing 3030 levels 3200 and 3400 levels are also possible Stop loss around 2900 I am just representing my views For educational purpose only.
✅The stock has been consolidating below a descending trendline but has recently broken above it, indicating a potential bullish reversal. The breakout is accompanied by strong volume buildup, adding confidence to the move. ✅ Immediate support around ₹2,000, which aligns with the lower trendline. Stronger support near the 200 EMA at ₹1,989 providing a robust base...
Stock is in a process of making Bearish Harmonic Pattern so for time being stock Moves Upside to complete the pattern. Once completion of pattern we can also make a reversal trade from above But this is an non F&O stock. Be cautious as Harmonic patterns also fail some time. Just a View not a Reco..
In the USDJPY daily setup, the price is currently within the monthly Point of Interest (POI). Anticipating a retracement to sweep the internal Liquidity (LIQ) and fill the Fair Value Gap (FVG) below. Considering an entry upon confirmation from the lower timeframe (LTF) such as the 15-minute chart.
Hi Folks, HDFC life looks very bullish on daily time frame. Currently, Daily RSI has broken out nad weekly RSI about to test falling trendline. If the breakout sustains, Risk reward is highly favourable. Life insurance theme is available at very reasonable price, there is increment in premiums which lead to top line as well as bottom line growth for insurance sector.
Hi Friends, Following is the EW counts on weekly Tf. Currently, we are unfolding a larger wave 3 which has just started. 1. Larger Wave 1 was an ending diagonal where 4 wave overlapped with 1st wave. 2. Second wave has made a decent retracement. 3. With sectoral tailwinds in consumer durables and stock seems to be picking accumulation at the last leg of...
Monthly Time Frame: Weekly Time Frame: Overview & Observation: 1. Inside candle formation on monthly. 2. Trading at crucial levels, either side move is possible. 3. Hourly candle closing above 2390 for long position planning and bearish view only after breaking of demand zone. Trade Plan: 1. Need to observe the price behaviour for the coming days to...
Wipro is pending for the move. Slanted inverted head & shoulder pattern there which is my fvrt pattern. Above 520 it will blast and give good upside move. Waiting for the breakout. 475 to 520 will be quick.
Bank Nifty Weekly Analysis For 18-06-24 to 21-06-24 49500-50300 is the range for Bank Nifty. Long above 50300 for 50780/51080. Short Below 49500 for 49080/48650. Verdict: Sideways to upside
1. The market has been making higher highs and higher lows, so this indicates bullish nature and uptrend 2. Trend is always your friend, so look for opportunities on the upside 3. The price has also been travelling in a channel, don't trade immediately after the breakout because there will be high liquidity in those areas where a lot of buyers and sellers will be...
BANKNIFTY Intraday Trade Setup For 17 Jun 2024 Bullish-Above 50260 Invalid-Below 50150 T- 50750 Bearish-Below 49690 Invalid-Above 49800 T- 49200 BANKNIFTY has closed on with a slight gain of 0.41% gain last week. We already discussed that probability of an inside candle is very high last week, inside candle represents contraction. Next week 49500 looks an...
✅The stock has been consolidating within a symmetrical triangle, supported by a 15-month-old strong support level. Recently, the price has shown signs of breaking out above the descending trendline, indicating a potential bullish continuation. ✅ Immediate support around ₹460, aligning with the lower trendline. This 15-month-old strong support level provides a...
INDUSTOWER | High probable trendline breakout CMP : 340 (Dip : 300) SL : 250 Target : 700 Looks like some turnaround story ahead, i suggest take a small position without SL and that is how i've taken.
Overview KEI was established in 1968 as a partnership firm under the name Krishna Electrical Industries, with the prime business activity of manufacturing house wiring rubber cables. Today, it has grown into an empire with a global presence, offering holistic wire and cable solutions. A prominent player in the cables and wires industry, has caught my attention...
Suntv had a strong supply zone of 570-600 which was broken and retested successfully. Stock has made higher high, higher low and broke its previous high. An uptrend is confirmed and we can have bullish move continuing in this stock. A relatively safe stock from risky media sector for investment as well.
Ethereum (ETH) is gearing up for a significant move, but first, it needs to overcome the substantial liquidity wall at $3700. This level poses a critical resistance that must be cleared before we can set sights on the $4000 mark. If ETH can break through $3700 with strong volume, the path to $4000 becomes much more attainable. However, there's a possibility of a...