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Resistancerejection

IDBI Bank cmp 92.50 by Monthly Chart view since it got listedIDBI Bank cmp 92.50 by Monthly Chart view since it got listed - Support Zone 66 to 82 Price Band - Resistance Zone 105 to 120 Price Band - Bullish Cup and Handle done indicative of good upside probability - Resistance Zone acting strongly hence Price move getting rejected since October 2011 - Breakout above Resistance Zone needs heavy traded Volumes increase and needs to sustain above it for few days to foresee and anticipate fresh upside 🤞🏽🤞🏽🤞🏽🤞🏽
NSE:IDBI
by PIYUSHCHAVDA
Diffusion Engineers cmp 357.70 by Daily Chart view since listedDiffusion Engineers cmp 357.70 by Daily Chart view since listed - Support Zone 325 to 345 Price Band - Resistance Zone 365 to 385 Price Band - Volumes are seen spiking above the average traded quantity - Price trending and respecting the rising Rising Support Trendline - Dotted Falling Resistance Trendline Breakout seems been attempted - Multiple Bullish Rounding Bottoms rejected at Resistance Zone neckline - Price reversed multiple times and backed out by strong Resistance Zone since listed - Breakout above Falling Resistance Trendline from ATH level seems well sustained for now - Price Breakout only possible by continued Volumes increase and few days closure above Resistance Zone
NSE:DIFFNKG
by PIYUSHCHAVDA
Star Health cmp 440.20 by Daily Chart viewStar Health cmp 440.20 by Daily Chart view - Support Zone 400 to 418 Price Band - Resistance Zone 454 to 470 Price Band - *Price repeatedly rejected down from the Resistance Zone* - Falling Resistance Trendline Breakout seems to be sustained - *Volumes falling by selling pressure from the Resistance Zone* - Rising Support Trendline yet well respected by up-trending price - *Stock Price traversing within the Darvas Box between Support and Resistance* - Bullishness indicated by Technical patterns Head & Shoulders and Rounding Bottoms - *Price Breakout post crossing and sustaining for few days over Resistance Zone neckline hurdle*
NSE:STARHEALTH
by PIYUSHCHAVDA
IOC LONG (167-170), AT UPTREND SUPPORT LINE AND READY TO BLOWTechnical Analysis of Indian Oil Corporation (IOC) - Daily Chart Note: I bought at 168 and find next major support at 155. 1. Support Zone: The stock has consistently found support around the 160-165 range, as indicated by the green arrows. This shows strong buying interest in this zone, preventing the price from falling further. 2. Volume Spikes: Noticeable volume spikes occurred when the price moved upwards, highlighted by the green arrows. This is a bullish indicator, suggesting increased buying activity and investor confidence. 3. Uptrend Support Line: The stock has been respecting an uptrend support line (blue), which indicates a gradual increase in price and a bullish trend. 4. Resistance Zone 1 (Purple): The stock faced resistance around the 180-185 range multiple times (red arrows). Although there were attempts to break out of this zone, they failed, indicating this area as a significant resistance level. 5. Resistance Zone 2 (Green): The next resistance level is around the 195-200 range. Breaking through this zone would signal further bullish momentum. 6. Short-term Target: The short-term target for the stock is around 189, which is just above Resistance Zone 1. If the stock breaks this level, it could see further upward movement. 7. Long-term Target: The long-term target is set at 225, indicating potential for substantial gains if the bullish momentum continues. Conclusion The technical indicators suggest a bullish outlook for Indian Oil Corporation, with strong support levels, volume spikes on upward movements, and potential breakout targets. Disclaimer: I am not SEBI certified, and this is not financial advice. Always conduct your own research before making any investment decisions.
NSE:IOCLong
by Pattern_Ninja
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