Today the price has closed on the resistance level with a RSI of above 60. All this indicates the price is in good momentum. The breakout of 492 could open the higher levels of 545. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Gravita is looking strong to retest ATH levels soon. Stock had given breakdown from trendline support which was a bear trap. Stock formed double bottom near support and today gave a huge volume move. If broader markets support, this stock can make new ATH!!
CIPLA LTD Key highlights: 💡⚡ 📈 On 1 day Time Frame stock Showing Reversal of Uptrend wedge Pattern. 📈 It can give movement upto the Reversal Final target of Below 1480-. 📈 There have chances of breakdown of Support level too. 📈 After breakdown of Support level this stocks can gives strong downside rally upto below 1348-. 📈 Can Go short in this stocks by placing a...
HFCL emerges as an attractive swing trade prospect, combining technical strength, breakthrough dynamics, and heightened market participation. Traders eyeing potential opportunities should keep a keen eye on these developments, as HFCL navigates its path in the market. Reasons are stated below : After enduring multiple tests at the 92 levels, HFCL has...
During the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
UNITED BREWERIES LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Descending Channel Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 2145+. ✅Can Go Long in this Stock by placing a stop loss below 2095-.
Angel one is showing support on its Major trend line. Chart shown short term retracement at 0.5 level thrice, its not a good sign to check support for third time with lower lows. But It gets major support at its trend line. There might be an Entry option if chart break the chart resistance with decent volume. Disclaimer: The information provided here is for...
Rain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing. Reasons are listed below : Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement. The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in...
A strong Divergence has been formed on the Daily Chart. The breakdown of 1733 will open the lower levels. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Now we have a breakout of the trend line which the price has been following since January 2024. Important Levels R1-233 | R2-265 S1-214 | S2-200 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Double Bottom Pattern with a Confirmation Candle. The price could test the level of R1-533 and if broken then R2-620 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Like always the chart should tell you everything you need to know about Motherson. Now for the readers, here are some pointers: - The price broke a structure in June to rally about 20% - Currently, it is at a very crucial point. The previous strong support is now acting as a strong resistance. - The 100 rupee mark is also a strong psychological resistance for...
ACC LTD (1W TF) - Swing Trade Analysis given on 16th June, 2024 Pattern: FALLING WEDGE BREAKOUT - Weekly Resistance Breakout - Done ✓ - Weekly Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress * Disclaimer
HG Infra is a techno-fundamental pick shared from infra sector. Stock is available at a PE of around 10 and ROE, ROCE>25%. Sales growth in 5 years is above 27% which is phenomenal Technical Logic: -Stock is retesting previous breakout. Currently, small rejection is seen from demand zone. If a good candle closes above 890, stock can start upward journey with...
Saregama has been consolidating in an ascending triangle flag pattern since past 3 years after giving multibagger returns from 2020. Stock is getting ready for a breakout. If stock gives weekly closing above 360, stock can move quickly towards 500 and them to 750. Nifty media has been underperforming and this stock can fly once Media sector starts its bull run.
After a swing of 18% now a Gravestone Doji candlestick pattern is formed on the top. The breakdown of 26,825 will open the lower levels. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
During the crossover of bands the price has been trading in the upper zone. The breakout of 1,525 will open the higher levels. Keep this stock on the radar. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NIFTY50 Analysis Update (1W TF) - 15th June, 2024 - Trading outside the channel as of now - The Resistance & Support Zones are marked out - This should help choosing our Swing Trades as well If you are in FOMO: - Then ensure to choose stocks that are at Weekly support levels only - Do not jump into falling knives which are away from their support levels Note:...