Today, we're going to take a deep dive into the technical analysis of Bharat Dynamics Limited ( NSE:BDL ), a government-owned company in India. 📈 Breaking the Rectangle Pattern 📈 On April 24, 2024, BDL broke out of a Rectangle pattern that was formed after making an all-time high. This rectangle can be interpreted as a Re-accumulation in stage 2. 🎯 New...
In the longer time frame, the stock seems to be in Wave 5 that could lead to about 1000+ levels. The present level (620) is part of Wave III that may culminate at around 880 which is also the 1.618 fib level as seen in the chart. This doesn’t mean that the rise will be a straight line. The zigzag move may take some time but even if it takes 6 months or more to...
At 4hr TF the USDCAD is at 200EMA support, the short term trend has been into negative biased. At 1hr trading below 200 and the PA at 1hr and 4hr is continuing to be negative. Expectation is we might break 200 Ema at 4hr TF and test 1.3530 levels again.
Strong momentum 10/15 may Target 4000/4200🎯 go long for 5500/6000 Monthly candle 5/6.
A.O.A And Good Morning to All Brothers and Sisters! As Expected Yesterday Weekly Candle Closed Under Our Yellow Area. And On Monthly TF We Have Just 2 days. If Price Reverse From Here Then Price Can Bounce Back. But if Close under Yellow Area. Then Second Reversal Point Is Our Next Target. Updated Reversal Point now Is 54142. To Know Better on Daily TF. There...
Ultratech CMP 9875 The stock is in a strong bull trend. In my view the correction is done. Any pull back will be an opportunity to buy. In my view this counter is headed for 11260 and 12500.
ABFRL after correction it is about to cross wave 4 and ready for 450 Get Ready
Continues high to high I see rocket pattern gold it’s bullish trend .just trapped sellers and price consolidation..
BSE CMP 2764 Negative news flow has brought a deep correction in the counter. Technically the stock is in a strong bull trend. Todays correction has brought the counter back to breakout zone which will act as support. Break below this will be very very negative. In my view the correction is done.
here is my analysis of bit coin ; what do you think about it ? it gonna start its journey to 100K mark
IDFC First Bank CMP 80.50 The counter is down 5 % today, which is the quarterly results impact. Technically this stock is exhibiting strength. The correction to 75 was 38.2% from a higher swing an indication of strength. Hence todays correction is a buying opportunity. T1 is 112 T2 -135
breakout weekly ,hold equity for long term . this is based on my view of the reversal after correction wave
got entry and in few weeks the setup can give huge returns target can ge 200+ good demand of products and great trading pattern it all makes it a good setup
This stock always moves in the same way hIGHER hIGHS HIGHER LOWS.... park the money and 25-30% gains in the upcoming month
The stock is in Wave (v) of III and is likely to hit 730+ which is 1.618 level as seen in the chart. It was in a long consolidation ie Wave (iv) of III from Dec 2023 until Mar 2024. The move from current level (591) could be brisk since Q4 results will be declared on 1st May 2024 (trading holiday). This is not a trade recommendation. Please do your own due diligence.
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After completing zig-zag correction, BAJAJHLDNG seems to resuming it's up move. The SL would be a close below 7739. I'll update you guys on where to book the profit. For a more conservative entry, wait for a close above previous day's high
Bajaj Finserv seems to be in leg C of the flat correction. Although, the minimum destination of 61.8% have been completed, the down move is likely to continue It is suggested to avoid taking any longs in this stock. I'll update you guys once I see signs of the correction ending