Good evening, friends! 🌞 Here are the market directions and levels for the 2nd week of October. Global Outlook: In the previous week, the global market closed where it started, indicating that the past two weeks have seen global markets in a range-bound market. Structurally, this is a moderately bullish trend, so we can expect the continuation of this range...
Alembic : At resistance zone currently (Previous rejections) closing above 1280 is crucial for further breakout
--- BankNifty Stance Bearish ️⬇️ Banknifty also dropped 4.24% ~ 2280pts, the reversal signs were pretty clear last week and we did mention it in our weekly newsletter as well. There were 3 interesting moves this week. Gap down on 30th Sep Gap down on 3rd Oct Strong price action on 4th Oct In fact, we fell almost 800 pts on 4th Oct after 12.30 pm, negating our...
Nifty Stance Bearish ️⬇️ What a dramatic week it has been, Nifty falls 1130pts ~ 4.32% after SEBI's new FnO rule changes go live. What spooked the markets? I guess the fear that liquidity may get sucked out post 20th November 2024. Or is it because China's stock market is going limit up? The fall in our market was kind of different, usually the bear power lasts...
Upside 2478 is the nearest resistance. And downside we have around 2639.
1. Gillette made high of 8140 in October 2019 2. High of October 2019 has broken in September 2024 ( 5 Year Breakout ) Trade: Buy 50% Here At Cmp 8528 Rest 50% If You Get Dip Around 8000/8100 Which Is Breakout Retest Level. SL - 7150 ( Monthly Closing Basis ) 3 Months Candle Low Taken As SL. Monthly Close Shouldn't Come Below This Level. ( Target 1...
Wipro is making cup and handle pattern tat 525 Rs so chances are it will move to 700 Rs. Warning - Chart is for educational purpose only
Garden Reach Shipbuilders & Engineers has appeared weak in recent days. However, it may attempt a reversal after winning an order from the Bengal government . The stock gained over 2% in the afternoon session on the last trading day. Garden Reach Shipbuilders' stock rose by 2.28% to ₹1,695.75, compared to the previous close of ₹1,657.90 on the BSE. The market...
Buying opportunities possible for short term and long term Now its all depend on market trend
On a longer time frame, the chart suggests an inverse head and shoulders pattern. In recent weeks, a strong breakout is visible, followed by a robust retest candle, indicating solid buying interest on dips, evident from the long wicks. Fundamentally, the company is performing well, with strong AUM guidance, although there could be some pressure on NIM due to...
Stock approaching the area of strong support Area of support - 2770-2790 Wait for the stock to approach the area It may start making base around the area before making higher high again View negates below 2750 Tgts in coming days will be 3000/3200
Like other stocks even this one is approaching near strongest support area 1st Area of support 2800-2830 2nd Area of support 2770-2790 Best to wait and see where it takes the halt Also to wait for a buy candle of to make HH Hls Targets can be around 3000/3080
Disclaimer These levels are intended for research purposes only. I am not a financial advisor, and I am not responsible for any financial gains or losses that may result from using these levels.
BF UTILITIES Breakout after 7 months of consolidation with good volume
Stock seems to be near the end of bearishness Multiple strong conjunctive supports arriving 494 - 496 strongest support for the stock View negates below 492 Possible targets 515/530
If Sustain above 42327 above this bullish then 42490 then 42653 then 42653 to 42736 OR 42745 to 42816 above this more bullish if Sustain Below 42327 then 42165 then 42083 to 42002. below this bearish then 41839 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am...
AVAX moved from 21.00 to around 31.00, a 50% increase. Wedge pattern played out perfectly, and the money flow didnt disappoint. After the recent drawdown, we found a support. Currently it's forming an ascending channel.