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EICHERMOT // Level // 1H"Welcome to SkyTradingZone " Hello Everyone 👋 You're referring to the Eicher Motors Ltd (EICHERMOT) stock! As of my last update, the current price of EICHERMOT is around 3,120-3,140. Here are some key levels related to the EICHERMOT 1-hour chart: Resistance Levels: Immediate Resistance: 3,160-3,180 Medium-term Resistance: 3,200-3,220 Long-term Resistance: 3,300-3,320 Support Levels: Immediate Support: 3,080-3,090 Medium-term Support: 3,040-3,050 Long-term Support: 2,900-2,910 Trend Lines: Short-term Trend Line: The EICHERMOT has been trending upwards since the November 2020 low, with a short-term trend line around 2,500 Medium-term Trend Line: The EICHERMOT has been trending upwards since the August 2020 low, with a medium-term trend line around 2,800 Long-term Trend Line: The EICHERMOT has been trending upwards since the February 2020 low, with a long-term trend line
NSE:EICHERMOTLong
by SkyTradingZone
TITAN // Levels // 4 hour Here are the current support and resistance levels for Titan Company (TITAN) on a 4-hour timeframe: **Support Levels** 1. **Previous Low**: 1,335.00 2. **Fibonacci 38.2% Retracement**: 1,343.00 3. **200 SMA (Simple Moving Average)**: 1,353.00 4. **Fibonacci 23.6% Retracement**: 1,364.00 5. **Short-term Support**: 1,373.00 **Resistance Levels** 1. **Fibonacci 61.8% Retracement**: 1,394.00 2. **Previous High**: 1,408.00 3. **Fibonacci 78.6% Retracement**: 1,423.00 4. **Medium-term Resistance**: 1,438.00 5. **Long-term Resistance**: 1,454.00 **Notes** * These levels are subject to change as market conditions evolve. * These levels are based on historical data and may not be a guarantee of future price action. * These levels are not the only levels that can be used; traders can use other indicators, such as moving averages or trend lines, to identify potential support and resistance levels. **Current Market Conditions** * Titan Company is currently trading in a bullish trend, with a series of higher highs and higher lows. * The stock is approaching the short-term resistance level of 1,373.00. * If the stock breaks above this level, it could potentially move towards the medium-term resistance level of 1,438.00. **Trading Strategies** * Buy at support: If the stock breaks below the short-term support level of 1,373.00, it could be a good opportunity to buy. * Sell at resistance: If the stock breaks above the short-term resistance level of 1,394.00, it could be a good opportunity to sell. * Trend following: Follow the trend by buying or selling based on whether the stock is moving upwards or downwards. * Mean reversion: Look for opportunities to buy when the stock is oversold and sell when it is overbought. Some key levels to watch in Titan Company: * **Earnings**: Titan Company's earnings have been strong in recent quarters, with a steady growth in revenue and profits. * **Brand recognition**: Titan Company has a strong brand presence in India and is well-known for its jewelry and watches products. * **Competition**: Titan Company competes with other luxury goods companies in India, and changes in market conditions or competition could impact the company's pricing power and profitability. Remember to always use stop-losses and position sizing to manage risk when trading.
NSE:TITANLong
by SkyTradingZone
BANKNIFTY at crucial resistanceBANKNIFTY has been a great star over past few weeks. While the trend looks like it is going to continue forever, the price is at significant resistance channel at the moment. This is probably a good time to book profits on the index FNO trades. Today being expiry means basically not rolling over positions. This is not an outright sell yet except may be some high risk speculative small trade for adventurous ones. But the index could be ripe for a nice correction till about 24400. See the related trade on YESBANK. That has almost reached the price target in hurry. Bit of euphoria in the market right now. 10K on NIFTY not yet done deal. We will have to wait and see if it sustains above the level. 25K on BANKNIFTY is potentially a show stopper. All that in near term though.
NSE:BANKNIFTY
by Kaustubh