Get started

Sidewaysmovement

Suven Pharma Breaks Out Like a Fever Dream"Suven Pharma Breaks Out Like a Fever Dream! 💊📈 #PharmaStocksGoBoom" I. Current Price Action: Price: ₹787.35 Change: +58.10 (+7.97%) Volume: 3.673M (Higher than the number of pills in your grandma's medicine cabinet!) II. Key Observations: Breakout Bonanza: SUVENPHAR has busted through its long-term resistance faster than a hypochondriac racing to WebMD. Side Channel Escape: The stock just broke out of its side channel, showing more excitement than a kid in a candy store (or should we say, pharmacy?). Volume Surge: Trading volume is higher than the line at the doctor's office during flu season. This suggests strong conviction in the move. Support Levels: The previous resistance around ₹760 could now act as support. If it holds, it'll be stronger than the taste of cough syrup. III. Trading Idea: For the brave pill-poppers (I mean, traders), riding this breakout could be more thrilling than reading the side effects on a medication leaflet. But remember, chasing stocks can be as dangerous as self-diagnosing on the internet! Potential Targets: 🎯 Short-term: ₹820 (As ambitious as promising to exercise more) 🎯 Mid-term: ₹850 (Reaching for the stars, or at least the top shelf of the medicine cabinet) IV. Risks: If this breakout fails, the stock could drop faster than your New Year's resolution to eat healthier. Keep an eye on overall market health and be ready to take your profits before they expire like old medication. V. Final Thoughts: Suven Pharmaceuticals has finally broken out of its consolidation, potentially setting the stage for a rally that could cure your portfolio's ailments. Will it continue to climb, or suffer from nasty side effects? Only time will tell, but one thing's for sure – this stock is more exciting than reading the fine print on a prescription label! Disclaimer: This analysis is about as reliable as WebMD's symptom checker. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as the pills in a pharmacy! 💊🚀
NSE:SUVENPHARLong
by TRADING-NASA
Another Flat week or a breakout is coming in Indexes ?Nifty and Bank nifty have been trading in the range for last whole week. It was due for a sideways movement after a massive movement in the Election result week. Nifty above 23550 level will open for a new zone and head towards 23900-24200-24800, down side is majorly capped as of now till 23200-23000 level. Bank nifty above 50500 will open doors for 51200-51800, down side again has a good support at 49600 level. Trend is mixed but having a minor downside trend.
NSE:BANKNIFTY
by Nimble_Pesos
Symphony'sTrajectory: A Cautionary Tale in the AC and Ref SectorDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Symphony, a notable player in the AC and Refrigeration industry, has experienced a turbulent journey in the stock market. After reaching its peak in January 2018 at a high of 2209, the stock has been under pressure. This peak was a significant rise from its low of 86.80 in June 2012, showcasing an impulsive growth. However, the past six years have been challenging, with the stock mostly moving sideways and currently hovering above the 800 mark. Recent Performance: Since reaching its peak in January 2018 at 2209, Symphony has struggled. For the last three years, the stock has been mostly flat, staying above 700-800 price zone. Risk of Decline: There's a risk if the stock drops below 700-800 price zone. This could start a downward trend. It's important to watch this zone. Short-Term Outlook: If Symphony stays above 800, it might reach 1050-1100. But this is still within a larger downward trend. Comparison with Peers: Comparing Symphony with Voltas and Whirlpool, Symphony seems weaker. Voltas looks like a better choice in the AC and Refrigerator sector. Investors should watch these levels in Symphony closely. Falling below 800 is a bad sign, while breaking above 1530-1590 could mean growth. Voltas Stock Analysis Whirlpool Stock Analysis From WaveTalks Market Whispers!
NSE:SYMPHONY
by WaveTalks
1
Nifty Bank - Downward Breakout Confirmation?Key Points: Nifty Bank currently at 46000, a key resistance area. Previous attempt to break resistance resulted in sideways consolidation (distribution phase). Recent breakdown with volume suggests potential bearish continuation. Wait for pullback towards 46300 for confirmation and short entry. Technical Analysis: Resistance zone around 46000 previously tested and failed. Sideways movement for months indicates distribution of holdings. Breakout with volume on the downside confirms bearish momentum. Strategy: Bearish: Enter short position if Nifty Bank pulls back to 46300 with confirmation (e.g., bearish candlestick pattern). Set stop-loss above 46600 to limit potential losses. Target initial downside levels at 45400 and 44800. Neutral: Wait for further confirmation of the breakdown before taking a position. Monitor price action and volume to assess strength of bearish momentum. Disclaimer: This is for informational purposes only and not financial advice. Always do your own research before making investment decisions.
NSE:BANKNIFTYShort
by TRADING-NASA
BTC All You Need To Know for Coming MonthsHi, This is my first idea on the TV. First thing first, BTC getting to 69k+ then coming back to 33k. Now BTC getting traded between a range of 36k and 46k. This range is very crucial for BTC because going below this range will initiate new downtrend till 28k and even 24k. Going above 47k or 48k will spark the bulls. Even though ongoing tensions around the world causing a lot of damage to the markets either it is Stocks or Crypto. BTC is going to be sideways for few months. We will see a lot of sudden pumps and dumps. Appreciate your comments. Thanks
by endthisponzi
2
Sideways movement in NIfty Now the Nifty Index is in consolidation mode after a strong bull run. Lucky for Option sellers indeed. ( Monthly Contracts) 1) We can execute Short Straddle near the All time High resistance or near to the immediate support at 17100 to 17000 (as per OI). Risky traders can go for Positional option buying (considering theta decay). 2)As its moving in a short range (350 points), it also a good option to use Short Strangle. I would personally prefer the 1 st method, because there are chances that Support and Resistance levels get Breached. Please share your valuable feedback Disclaimer: Kindly do your own analysis and consult your advisor before taking any trade. This view is for educational purposes only.
NSE:NIFTY
by natarajanshankar
How to trade in and out of a sideways range?Horizontal price movement is seen when the powers of demand and supply are roughly equal, thus forming a "sideways trend". This usually occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways trend is also sometimes referred to as a "horizontal trend". _____________________________________________________________________________________________________________________________ An important indicator is volume, which usually remains flat during a sideways trend as the bulls and the bears balance out each other. A surge in volume is seen when the breakout or breakdown is expected to occur. _____________________________________________________________________________________________________________________________ Ways to profit from a sideways trend : 1. Typically traders will try to capitalize on breakouts or breakdowns, to try and ride the momentum in the direction of the break, thus generating profits. But breakouts are prone to failures, so a more prudent approach can be to wait for a re test of the level price broke out from and then initiate the trade. 2. If the price regularly rebounds from the support and resistance levels as can be seen in the chart, traders may try to buy the security when it nears the support levels and sell it when the price nears resistance levels. _____________________________________________________________________________________________________________________________ Now, as we can see that the price of IGL was bouncing around in the sideways channel. It failed to move past 545 on 09.04.21 and 11.06.21. Similarly it bounced back from 500, at 5 occasions, on 25.03, 06.04, 19.04, 30.04 and 21.05.21. It finally broke out above 545 with above average volume on 29.06.21 and soon made a high of 584. It travelled almost the width of the range after breaking out as is expected. And then it started pulling back and has touched the top of the range. A continuation candle with strong volume has occurred now. _____________________________________________________________________________________________________________________________ A long can be initiated with the following levels in mind if the price sustains above the "LONG ABOVE" level for 15 minutes. LONG ABOVE: 548.70 STOP LOSS: 534.80 TARGET 1: 562.60 TARGET 2: 576.50 _____________________________________________________________________________________________________________________________ Trade your plan and manage your risk effectively. Like and follow for more. :)
NSE:IGLEducation
by Tradeception_
2