NIFTY CPSE Index at all time high (ATH) zoneNifty 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?
Resistance_level
[POSITIONSL] AXISBANK LONG IDEAAXISBANK is currently trading at a big resistance zone that is trying to break it. This Resistance zone has touched 5-6 times in the past but could not breach it.
If AXISBANK breaks this resistance zone it is a very good candidate to go long for target of 1000-1100s .
Entry :- 825
SL :- 722 (Last swing low)
Target :- 1022
Please Note:- AXISBANK is almost at ATH also the overall markets (NF/BNF ) are near ATH. So there is a chance of correction, pullback even after the break of this zone (due to overall market conditions ) so we have to be cautious. We will wait for the closing Above entry point for two days before taking this trade.
HDFC quick profit HDFC has finally broken out of the resistance zone after forming a beautiful golden cross as well as a flag and pole break pattern. Support has been provided by trendline
A limit order above the resistance zone and a target of 1589 is a high probability trade.
Tight Stop loss below recent candle low.
Keep It Simple
Bharti Airtel Finally breakout Bharti Airtel is finally making a move, it approaches a long term resistance line on above average volume after forming a
beautiful double bottom on the long term support line and a long trade can be taken on break of this zone.
Stop loss below the recent king candle
Target near the High of the stock.
Keep It Simple
Tata coffee at strong resistance Tata coffee trying the strong resistance again. Can be good swing long trade if manages to close above this level. ATH resistance can be the first target.
Chart pattern and levels mentioned in chart.
Follow strict risk management.
Mahindra CIE.At multi year resistance, if it doesnt break these levels with volume and a retest, exit it completely. will wait for comfortable volume profiles.
Nifty near the reversal area !!!!The Day chart shows the current level is near the resistance and there
is a Bearish Harmonic pattern in which the reversal point is very near the
resistance line makes another confirmation that it may reverse soon.
Note: The information given here is for study purpose.
This could be my last idea want your support 😥NSE: BERGEPAINT
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 620 This could be taken as a maximum downside target
2. Time Frame:- 1 Day
Conclusion:-
A Resistance which is at the current level I have seen some forecasts show that it could be down and could be followed by the market but if it breaks the small gap also I got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING
We are not responsible for any profit or loss
Based on Your Own Risk this is only to show you what's going on
Biocon a nice pick ?NSE: BIOCON
Hello guys today after seeing the chart i got these things
1. If goes down then target could be taken at 309 as a target
2. Can be down as the Rsi Is also high and in the overbought zone
3. A Trend line is also showing to make a rising wedge and shows up also a sell signal
4. Time Frame :- 15 mins
Conclusion :-
A resistance which is at the current level i have told it shows some forecasts that could be down and could followed by the market also i also got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING
Possible trend breakout in Nazara? Stock is at Very Curial Level.
Keep an eye on this stock.
If price close above 730 and sustain in that range, then we can see a good bullish movement in the stock.
Reason is very simple, if price close above that range, then major resistance as well as supply zone will break. Which confirms buyer's control over the stock.
Wait for the breakout, then only enter stock with proper Risk- Reward.
Will Update once the breakout is confirmed.
This is just a view, not a recommendation to trade. Do your own analysis before taking any trade.
NSE:NAZARA