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Reversals

TRIDENT 1:10+ RR trade set upSupport and Resistance Support Levels: S1 at 33.61, S2 at 33.36, S3 at 33.114. Resistance Levels: R1 at 35.21, R2 at 34.81, R3 at 34.564. Volume Analysis Trading volume is 14,205,622 shares, which is higher than the 20-day average volume of 11,666,702 shares, indicating increased interest35. Price Range 52-week range: Rs 31.07 (Nov 22, 2024) to Rs 52.90 (Jan 09, 2024)1. Current price is about 10.3% above the 52-week low and 35.2% below the 52-week high. The stock is showing mixed signals with bearish short-term trends but potential for upward movement. Traders should watch for price action around key support and resistance levels for potential entry or exit points. The increased volume suggests heightened investor interest, which could lead to increased volatility in the near term.
NSE:TRIDENTLong
by KarniKripaa
BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%Hi All, This idea is about Butterfly Gandhimathi Appliances Ltd CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis Weak Fundamentals Market Cap - 1500 Cr Stock PE - 184 ROE - 2.8% ROCE - 5% Promoter Holding - 75% D/E - 0.01 Technicals Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3 Happy Trading, Stock-n-Shine
NSE:BUTTERFLYLong
by Stock-n-Shine
7
Bank NIFTY's direction and price for Aug-01 contract 1. We can see a sharp reversal in last 2 candles, speculated to go Bullish (at-least short-term) 2. Bulls are being supported by 1SD Bollinger Bands, you can see how the prices breached 1SD BB, this will eventually go back to the mean, it is possible only by moving in upward direction. 3. Second confirmation is Harmonic Patter, it is a solid Bullish Harmonic. 4. Again, it might turnout to be a short-term bullish, because, overall strength is still retained by bears. 5. If it is going to be bullish, the what will be the resistances, we can pick the resistance levels from previous price actions, but I chose variances @29600 before expiry and @29900 on Expiry.
NSE:BANKNIFTYLong
by santhoshmurali