AARTIIND approaching breakout area, there are multiple resistances at one point so that we can call it conjunction point.
If script sustain above this area then we can call it a possible breakout.
Trade as per your setup and Price action.
Bajaj Finance in overbought zone on the topside of the value area with several tops forming and a struggle to break above the zone even in a trending market.
After a mini-bull run, if Nifty falls as per my analysis, this could be one of the first contenders to crash.
Obviously, if analysis fails, then it could breakout and go up. But with weak volumes in the...
In the Previous Nifty Outlook, I mentioned on 13th or 14th Oct, the low will be formed before a good bounce that is expected to be made. Nifty made a low on 13th and gave a huge Gap up on 14th.. And previously the support level were 17081 incase of the gap down of 10th Oct and once if it breaks gradually the next support was 16900. Nifty made huge gap down on ...
Finnifty Trading with Demand and Supply Zones
Support Zones For Finnifty Intraday Trading
First Support Zone For Finnifty – 17650 – 17665
Second Support Zone For Finnifty – 17553 – 17565
Third Support Zone For Finnifty – 17411 – 17425
📊 Script: TITAN (TITAN COMPANY LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500
📊 Sector: Consumer Durables
📊 Industry: Gems Jewellery And Watches
Key highlights: 💡⚡
📈 Script is trading near at its resistance level which is around 2745 in both daily as well as weekly Time frame as mention in chart.
📈 MACD and Double Moving...
Nifty CPSE Index is trading near its all-time high (ATH) zone of 2800. The index has touched 2800 zone multiple times in the last 8 years since 2014. The index hit 2800 zone in Sep'22 and has retraced from the highs.
Will it break this decisive resistance zone this time and reach to new highs this time?
script broke its tight range
tested the level with 1-2 candles above range
looks tempting to go long
based on resistance level breakout theory
getting support of volume and also RSI
disclaimer - trade @ own risk, stop and target based on risk appetite
breaking the resistance line - expecting RIL to go up from current level
target and stop based on comfort
personally, would wait for neckline break to enter
2540 level to watch here
patter formation - cup formation
disclaimer - trade @ own risk