Stockmarketindia
Navinflour stock technical analysis-Navin Fluorine International (NAVINFLUOR) has been on a remarkable journey since December 2019, witnessing a staggering 452% surge from its 900-4950 range over approximately four years. However, the stock has since undergone a 42% correction, finding support at the 0.51 Fibonacci retracement level, currently around 2900.
While this correction may present an opportunity for potential upside, it's crucial to recognize that the broader chemical sector's performance will significantly influence NAVINFLUOR's trajectory. A sustained uptrend in the sector is essential for further growth.
NIFTY : BEARISH - PERFECT HEAD & SHOULDERAll details are available on Chart . . .
A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
The neckline rests at the support or resistance lines, depending on the pattern direction.
Hot Stock Alert: TCS Poised for a Breakout – Key Levels to Watch • Current Price: The stock is trading at ₹4,149.20, down by 1.85%.
• Key Levels:
• TP01 (Take Profit 1): ₹4,259.30 – a potential profit-taking level.
• TP02 (Take Profit 2): ₹4,604.05 – a higher profit target, suggesting strong bullish momentum if this level is reached.
• Entry: ₹3,777.16 – an ideal level for entering the trade, as indicated by the chart.
• Stop Loss: ₹3,590.50 – a critical level to limit losses if the stock price falls below this point.
• Trendline: A green ascending trendline supports the idea that TCS has been in an upward trend since 2023, indicating that this is a correction within a larger bullish trend.
This setup is likely targeting short- to mid-term traders, with well-defined entry, stop-loss, and take-profit levels.