The USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. ...
MANAPPURAM FINANCE share has consolidation from last two day now there is time to breakout or breakdown.
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194 is support and 196.5 is a resistance, if stock goes above 196.5 you can buy this trade for the target of 200.
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Stock following the trendline from last so many days. So let's see on tomorrow.
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Pidilite Industries has following the trendline from last so many trading sessions.
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There is a strong resistance at the level of 2479, stock has already given the breakout on Thursday.
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And stock also done some correction, so for tomorrow if Stock goes above 2485,
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You can buy this trade for the target of 2500
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So as you see in the chart, there is a strong resistance at the level of 1399,
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And stock is following thr trendline now, so if the goes above 1399,
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We can buy this trade for target of 1435, if stock break the trendline in a down side.
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We will totally ignore this trade.
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In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Canara Bank break the resistance level of 163 and it is making ascending traingle from April.
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Now it time to break the level, you can buy this trade once it cross 164.5,
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Short term target is 170.
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HINDALCO share tested multiple times the level of 485,
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And every time the share rejected now again in tomorrow or day after tomorrow,
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Stock will retest this level if it is goes above 485 with a good volume you can buy this trade,
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For the target of 495, 500 is a strong resistance level so maybe it will not break the level.
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Price forming a pattern near the resistance and it will break in the coming days, as the analysis is on weekly time frame it takes months to break. One should look for breakout patterns in PSU banking stocks.
Broke a long time weekly time frame , it was trading in a symmetrical triangular pattern as well , finally a good breakout today , entry 498, stop loss 478, can expect first target at 530
Kotak Bank is consolidating from April so now it near to breakout.
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Kotak Bank can give the breakout on tomorrow if stock goes above 1823, then you can make a fresh entry.
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Target is 1900-200, as per your comfort.
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Adani Ports is near to breakout 759 is a strong resistance level.
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Once it break, we can see the short term target of around 780-800.
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And if its goes above 800, we can see the targets of 880.
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Indusind Bank share is very near to the support level. If it break the level of 988.
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Then we can expect the downside around 960-970.
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If it goes upside 1013 is a strong resistance, you can accumulate this stock in this price.
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Once it break the 1013, we can see the level of 1040-1050.
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Reliance Industries at resistance level of 2230 again. Preiviously it reached at this level three times. So if this level is broken then it will be very bullish.
Ethereum - 4000+ on its way from cmp
* Importance resistance level is all set to break
* Once breakout from its resistance level - then no supply zone found
* Triple bottom already formed
Price after breaking the triangle pattern reaches the previous high and rejected from it. Watch closely for the close above ATH in weekly before deciding Long.
Zomato has been trying to cross the 140 level since August.
The only parameter that is not supporting is the Volumes
It has been testing multiple times 139 level
Also, it is above 200 MA
Overall looks good on 15TF
Target: 141
TCS after few ups and down in past few weeks have now reached a key resistance. Anyone who is looking forward to buy TCS should hold on to see the price action and wait for the resistance to break. So, keep an eye on this. Good Luck :)
