X-indicator
Breakout and Retest @ EICHERMOT
STOCK: Eicher Motor Ltd.
SETUP: The price has given a Range Breakout with a huge volume. The price has come back to retest the same breakout level with low volume. Wait for a bullish sign at the same level or it can be bought above PDH with the same candle low.
NOTE: I am SEBI registered # For learning purposes only # Manage your Risk.
Tata Technology cmp 874.30 Weekly Chart : Avoid A Falling KnifeTata Technologies cmp 874.30 by Weekly Chart view since listed
- Volumes seen steadily falling over past few days
- Stock Price well below the Falling Resistance Trendline
- Stock Price showing weakness under Falling Resistance Trendline
- Decent Support at 1000 broken down by continued selling pressure
- Stock hit All Time Low 869.80 today to closed just a tad bit higher
- CONSIDER Consciously to Catch a Falling Knife, NO matter having good fundamentals
Nifty key levels for 10.01.2025Nifty key levels for 10.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
What Is AVWAP And How to Use Properly Anchored Volume Weighted Average Price (Anchored VWAP) is a technical analysis tool used by traders to determine the average price of a security, weighted by volume, from a specific starting point in time. Unlike the traditional VWAP, which resets at the start of each trading session, Anchored VWAP allows traders to select any point on a price chart as the starting anchor for the calculation. This flexibility makes it useful for analyzing the price action around significant events, such as earnings releases, breakouts, or market corrections.
### How Anchored VWAP is Calculated:
1. **Select an Anchor Point:** This could be a specific date, the start of a significant event, or any relevant point on the chart.
2. **Calculate VWAP from that Point:** From the anchor point, the VWAP is calculated by taking the sum of the product of the price and volume for each period, divided by the total volume, up to the current time.
### Formula:
\
Where:
- \( P_i \) = price at the ith period
- \( V_i \) = volume at the ith period
- \( n \) = total number of periods since the anchor point
### Uses of Anchored VWAP:
- **Support and Resistance Levels:** It helps identify potential support or resistance levels based on the average price since the chosen anchor point.
- **Trend Analysis:** It provides insights into the market trend by showing the average price participants have paid since a significant event.
- **Entry and Exit Points:** Traders use it to find optimal entry or exit points by comparing the current price to the Anchored VWAP.
Anchored VWAP is widely used by both retail and institutional traders for making more informed trading decisions.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Round Bottom Breakout in MGEL
BUY TODAY SELL TOMORROW for 5%
GOLD TRADING POINT UPDATE >READ THE CAPTAINBuddy'S dear friend 👋
Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding gold Short but take a break up trand fisrt buying zone right now 2670 2680 that entry open to recover from Short trend See nalysis. CHART understand that 🙏 technical analysis update Gold take breakout up trand next target we'll see 2670 80. Again sell it rejected point and Short Trade line Good luck 🤞
Small target we'll see 2670+80
Analysis target 2615
Mr SMC Trading point
Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎮
NIFTY 50: Comprehensive Analysis, Key Drivers,and FutureOutlooK?Chart Analysis: NIFTY 50
Key Levels of Interest
Support Zone (Highlighted in Green):
Range: 23,200–23,500
The chart shows a strong demand zone where buyers have historically stepped in. This area has acted as a reliable support, preventing further downside in the past.
Resistance Levels:
Immediate Resistance: 24,200–24,400 (Purple line)
Price has been struggling to break above this level, indicating a significant selling pressure.
Major Resistance: 25,550
Represented as a key level for a potential bullish breakout.
Trendline Analysis
The blue descending trendline highlights the pattern of lower highs, confirming a downward trend.
Unless price breaks above the trendline, the overall sentiment remains bearish.
Moving Averages
50-Day SMA (Purple Line): The price is trading below this level, signaling short-term weakness.
200-Day SMA (Yellow Line): The long-term moving average suggests bearish momentum as prices are below this too.
Candlestick Patterns
Recent candles show long lower wicks, which suggest some buying interest near the support zone.
Lack of large green candles indicates weak follow-through on buying attempts.
Volume Analysis
The volume bars are tapering off, showing a lack of strong participation in the current consolidation phase.
An uptick in volume near either resistance or support could signal the next significant move.
Indicators on Chart
RSI (Relative Strength Index): Though not displayed directly on the chart, you can infer it from the general price action. The price is likely near an oversold level, hinting at a potential bounce.
SuperTrend Indicator:
Currently bearish, indicating selling pressure dominates.
Short-Term Bias
Neutral to Bearish: While the price is consolidating in a range, it leans toward bearish due to:
Rejection near resistance.
Trading below both moving averages.
A downward-sloping trendline.
Scenarios Based on the Chart
Bullish Scenario
Breakout Above 24,400:
This resistance must be broken with strong volumes to indicate bullish momentum.
The next target would be 25,550, followed by potential higher highs.
Watch for large green candles and high volumes to confirm strength.
Bearish Scenario
Breakdown Below 23,200:
A fall below the support zone could accelerate selling, bringing prices to 22,800 or even lower.
This would signal continuation of the prevailing bearish trend.
Neutral Range
As long as prices remain between 23,200 and 24,400, the NIFTY 50 is likely to consolidate without a clear direction.
Short-term traders can exploit this range for quick trades, while long-term players might wait for a decisive move.
Next Steps for Traders Based on Chart
Aggressive Traders:
Look for breakouts or breakdowns near the trendline and support/resistance zones.
Conservative Traders:
Wait for confirmation (volume and candlestick patterns) before taking positions.
Use of Stop Loss:
For bullish trades, stop loss should be placed below 23,200.
For bearish trades, stop loss should be above 24,400.
What is NIFTY 50?
The NIFTY 50 is India’s flagship stock market index, representing the top 50 companies listed on the National Stock Exchange (NSE). It serves as a benchmark for the performance of the Indian stock market. These 50 companies are selected based on market capitalization and liquidity, spanning 13 sectors, including financials, IT, energy, and FMCG.
Growth of NIFTY 50
Historical Growth:
The NIFTY 50 started in 1996 with a base value of 1,000.
Over the years, it has become a barometer of India's economic progress, reflecting the performance of top blue-chip companies.
Long-Term Drivers of Growth:
Economic Expansion: India’s GDP growth has been a key factor.
Reforms and Policies: Initiatives like GST, Make in India, and privatization of PSUs have boosted the market.
Foreign Investments: FII/FDI inflows, due to India being a high-growth emerging market, have supported the index’s growth.
Sectoral Growth: IT, banking, and consumer goods have consistently driven the index higher.
Key Milestones:
2008: Crash during the global financial crisis.
2014: Bull run after stable government formation.
2020-2021: Sharp recovery post-COVID-19, driven by tech and healthcare sectors.
Factors Affecting NIFTY 50
Economic Factors
GDP Growth: Positive GDP growth supports the index as companies earn more.
Inflation: High inflation can reduce consumer purchasing power and hurt corporate profits.
Interest Rates: Higher interest rates discourage borrowing and investing, pressuring the index.
Global Events
US Federal Reserve Policies: Fed rate hikes impact global liquidity and foreign investments in Indian markets.
Geopolitical Tensions: Events like the Russia-Ukraine conflict can increase uncertainty, leading to volatility.
Commodity Prices: Rising oil and commodity prices hurt India due to its reliance on imports, especially crude oil.
Domestic News
Earnings Reports: Quarterly performance of heavyweight companies impacts the index.
Budget Announcements: Policies favoring infrastructure, manufacturing, or tax cuts can uplift sentiment.
Rupee Movement: A weak rupee can impact sectors like IT positively but hurt import-heavy sectors.
Sectoral Performance
Banking and IT have the highest weightage, making them critical to the index’s movement.
A strong rally in FMCG or Energy sectors can also significantly push the index.
Comprehensive News Analysis
Bullish News
Lower Crude Oil Prices: Reduces import bills and benefits the economy.
Strong FII Inflows: Sign of growing foreign investor confidence.
Favorable Budget Policies: Tax cuts, incentives for sectors like manufacturing, EVs, and infrastructure can push the index higher.
Bearish News
Recession Fears: Global recession concerns can lead to foreign outflows.
High Inflation: Persistently high inflation can weigh on corporate profits and valuations.
Rate Hikes: Further rate hikes by the RBI or US Fed may trigger selling pressure.
Future Outlook: Scenarios
Bullish Case
Support Zone Holds: If the price stays above 23,200 and breaks above the resistance at 24,400, it would signal bullish momentum.
Catalysts:
Stabilizing global macroeconomics.
Strong earnings by large-cap companies.
Infrastructure and manufacturing-led growth supported by government spending.
Targets:
Immediate Target: 25,550.
Long-Term Target: 27,000 (new highs, provided favorable conditions persist).
Bearish Case
Support Breaks at 23,200: A breakdown would open the door to further selling, with targets around 22,800 or lower.
Catalysts:
Weak global cues, like rising bond yields or geopolitical tensions.
Negative earnings surprises or downgrades of key constituents.
Targets:
Immediate Target: 22,500.
Long-Term Target: Below 22,000 (in case of broader market corrections).
Key Takeaways for Traders
Monitor Key Levels:
Support: 23,200.
Resistance: 24,400.
Follow the Trendline: Watch for breaks or bounces off the descending trendline for clarity.
Watch Sectoral Trends: Banking and IT are crucial due to their high weightage.
News Catalysts: Follow FII data, crude oil prices, and quarterly earnings for short-term moves.
Actionable Trading Strategies
Bullish Strategy
Buy Entry: Above 24,400 with strong volumes.
Target: 25,550 and higher.
Stop Loss: Below 24,000 to minimize risk.
Bearish Strategy
Sell Entry: Below 23,200 with volume confirmation.
Target: 22,500 or lower.
Stop Loss: Above 23,600 to protect against reversals.
Comprehensive Analysis of NIFTY 50
What is NIFTY 50?
The NIFTY 50 is India’s flagship stock market index, representing the top 50 companies listed on the National Stock Exchange (NSE). It serves as a benchmark for the performance of the Indian stock market. These 50 companies are selected based on market capitalization and liquidity, spanning 13 sectors, including financials, IT, energy, and FMCG.
Growth of NIFTY 50
Historical Growth:
The NIFTY 50 started in 1996 with a base value of 1,000.
Over the years, it has become a barometer of India's economic progress, reflecting the performance of top blue-chip companies.
Long-Term Drivers of Growth:
Economic Expansion: India’s GDP growth has been a key factor.
Reforms and Policies: Initiatives like GST, Make in India, and privatization of PSUs have boosted the market.
Foreign Investments: FII/FDI inflows, due to India being a high-growth emerging market, have supported the index’s growth.
Sectoral Growth: IT, banking, and consumer goods have consistently driven the index higher.
Key Milestones:
2008: Crash during the global financial crisis.
2014: Bull run after stable government formation.
2020-2021: Sharp recovery post-COVID-19, driven by tech and healthcare sectors.
Factors Affecting NIFTY 50
Economic Factors
GDP Growth: Positive GDP growth supports the index as companies earn more.
Inflation: High inflation can reduce consumer purchasing power and hurt corporate profits.
Interest Rates: Higher interest rates discourage borrowing and investing, pressuring the index.
Global Events
US Federal Reserve Policies: Fed rate hikes impact global liquidity and foreign investments in Indian markets.
Geopolitical Tensions: Events like the Russia-Ukraine conflict can increase uncertainty, leading to volatility.
Commodity Prices: Rising oil and commodity prices hurt India due to its reliance on imports, especially crude oil.
Domestic News
Earnings Reports: Quarterly performance of heavyweight companies impacts the index.
Budget Announcements: Policies favoring infrastructure, manufacturing, or tax cuts can uplift sentiment.
Rupee Movement: A weak rupee can impact sectors like IT positively but hurt import-heavy sectors.
Sectoral Performance
Banking and IT have the highest weightage, making them critical to the index’s movement.
A strong rally in FMCG or Energy sectors can also significantly push the index.
Technical Chart Analysis
The NIFTY 50 is currently in a descending triangle pattern, with key support levels and resistance zones as follows:
Support Levels:
Immediate support: 23,200 (green demand zone).
A break below this level could lead to further downside to 22,500 or lower.
Resistance Levels:
Immediate resistance: 24,400 (upper trendline of descending triangle).
A breakout above this could signal a bullish trend reversal.
Trendlines and Moving Averages:
The 200-day moving average (yellow line) provides long-term support around 23,700.
The 50-day moving average (purple line) acts as a short-term resistance.
Volume Analysis:
Higher volumes near support zones indicate potential accumulation.
Declining volumes near resistance suggest indecision.
Comprehensive News Analysis
Bullish News
Lower Crude Oil Prices: Reduces import bills and benefits the economy.
Strong FII Inflows: Sign of growing foreign investor confidence.
Favorable Budget Policies: Tax cuts, incentives for sectors like manufacturing, EVs, and infrastructure can push the index higher.
Bearish News
Recession Fears: Global recession concerns can lead to foreign outflows.
High Inflation: Persistently high inflation can weigh on corporate profits and valuations.
Rate Hikes: Further rate hikes by the RBI or US Fed may trigger selling pressure.
Future Outlook: Scenarios
Bullish Case
Support Zone Holds: If the price stays above 23,200 and breaks above the resistance at 24,400, it would signal bullish momentum.
Catalysts:
Stabilizing global macroeconomics.
Strong earnings by large-cap companies.
Infrastructure and manufacturing-led growth supported by government spending.
Targets:
Immediate Target: 25,550.
Long-Term Target: 27,000 (new highs, provided favorable conditions persist).
Bearish Case
Support Breaks at 23,200: A breakdown would open the door to further selling, with targets around 22,800 or lower.
Catalysts:
Weak global cues, like rising bond yields or geopolitical tensions.
Negative earnings surprises or downgrades of key constituents.
Targets:
Immediate Target: 22,500.
Long-Term Target: Below 22,000 (in case of broader market corrections).
Actionable Trading Strategies
Bullish Strategy
Buy Entry: Above 24,400 with strong volumes.
Target: 25,550 and higher.
Stop Loss: Below 24,000 to minimize risk.
Bearish Strategy
Sell Entry: Below 23,200 with volume confirmation.
Target: 22,500 or lower.
Stop Loss: Above 23,600 to protect against reversals.
Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial or investment advice. Trading and investing in the stock market carry risks, and past performance is not indicative of future results. Always conduct your own research or consult with a certified financial advisor before making any investment decisions.
Nifty - Expiry day analysis Jan 9I have applied TPO(time price opportunity) profile in the chart. Important levels can be POC, VAL and VAH.
We had two side movement today. 23700 zone will act as trend deciding level tomorrow.
Buy above 23720 with the stop loss of 23680 for the targets 23760, 23800, 23860 and 23890.
Sell below 23640 with the stop loss of 23680 for the targets 23600, 23560, 23520 and 23480.
Do you own analysis before taking any trade.
HUL Trend Breakout Now Time To Accumulate Some Qty **Hindustan Unilever Limited (HUL)** is one of the largest and most well-known consumer goods companies in India, and a subsidiary of the British multinational Unilever. Established in 1933, HUL is headquartered in Mumbai, Maharashtra, and operates across multiple segments, offering a wide range of products in various categories like food and beverages, personal care, home care, and health and wellness.
### **Key Facts and Overview:**
- **Full Name**: Hindustan Unilever Limited
- **Industry**: Consumer Goods (FMCG - Fast-Moving Consumer Goods)
- **Headquarters**: Mumbai, Maharashtra, India
- **Founded**: 1933 (as Hindustan Vanaspati Manufacturing Co.)
- **Parent Company**: Unilever (a global consumer goods giant)
- **Market Presence**: HUL is one of India's largest FMCG companies, with a vast distribution network across the country.
### **Business Segments:**
HUL operates across four key business segments:
1. **Home Care**: Includes products like detergents, cleaning agents, and air fresheners. Popular brands: Surf Excel, Rin, Domex, and Vim.
2. **Personal Care**: Encompasses products like skin care, hair care, deodorants, and oral care. Popular brands: Dove, Lux, Lifebuoy, Pond's, Sunsilk, and Close-Up.
3. **Food & Beverages**: Offers a range of packaged foods, beverages, and nutrition products. Popular brands: Brooke Bond, Lipton, Knorr, Kissan, and Hellmann's.
4. **Health & Wellness**: Includes products for hygiene, nutrition, and wellness. Notable brands: Horlicks (after acquisition), Pureit, and Vaseline.
### **Brands and Market Leadership:**
HUL owns some of India's most popular and trusted consumer brands, with a market leadership position in several segments. Some of its major brands include:
- **Dove** (personal care)
- **Lux** (personal care)
- **Lipton** (beverages)
- **Surf Excel** (detergents)
- **Brooke Bond** (tea)
- **Vaseline** (skin care)
- **Knorr** (food products)
### **Sustainability and Corporate Social Responsibility (CSR):**
HUL has been at the forefront of sustainability and CSR initiatives in India. The company is committed to achieving its sustainability goals through various initiatives such as:
- **Water Conservation**: HUL has invested in water-saving technologies and ensures that its production processes use water efficiently.
- **Waste Management**: The company works on reducing waste and increasing recycling rates.
- **Sustainable Sourcing**: HUL has committed to sourcing key ingredients like palm oil and tea in a sustainable manner.
- **Health and Nutrition**: With brands like Horlicks and Knorr, HUL has been focusing on promoting health and nutrition across India.
### **Financial Overview:**
HUL consistently ranks as one of the most profitable and valuable companies in India, driven by strong sales and market dominance. The company's revenue comes from a combination of domestic and international sales, with its operations in over 190 countries.
### **Leadership and Key Figures:**
- **Chairman**: Nitin Paranjpe
- **CEO**: Sanjiv Mehta
HUL is publicly listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. It is also one of the largest companies in terms of market capitalization in the Indian stock market.
### **Recent Developments:**
- HUL has actively pursued digital transformation, improving its e-commerce presence and supply chain efficiency.
- The company has also made strides in the health and nutrition segment through strategic acquisitions, including the purchase of Horlicks from GSK in 2020.
### **Global Influence and Partnerships:**
As part of Unilever, HUL benefits from global research, innovation, and shared sustainability practices, ensuring that the company remains competitive both locally and internationally.
### **Conclusion:**
Hindustan Unilever Limited stands as a leader in India's consumer goods sector, with a strong portfolio of brands across multiple categories. With a focus on sustainability, innovation, and social responsibility, it continues to be a dominant player in the FMCG industry, both in India and globally.
$ - Sell ?For several months $ was weak but as US Equity reached new ATH $ was making accumulation at lower levels and took lot of time to rise. Right now $ index is at golden ration level and I expect possibilities are distribution and price could fall in coming days and I do not expect $ index to rise further higher. with new president having plans to make US exporter and wanted a weak dollar combined with BRICS and world nations following non-dollar trades. So I am expecting $ index to fall and its right time to sell Dollars and Buy Euro and Yen.
LT | A rollercoaster indeed!Points to be noted:
-------------------------------------------
1. A symmetrical triangle breakdown was done. Then price retested it and followed up the selling.
2. This follow-up was exhausted by a violent reversal back to the retest point.
3. This reversal was further cemented by a HH-HL breakout of the triangle.
4. Now a new demand zone has been created at 3520. This is good place to initiate long.
---------------------------------------------
Entry - 3525, Tgt - 3852, SL - 3450
---------------------------------------------
Disclaimer: This idea is NOT a trade recommendation. Please make your own analysis before entering trades
SRF Rise and upside potentialDate – 09-01-2025
Why SRF rose more than 13% today. Understand Logic. How far it can go up?
Bottom Characteristic : SUPPORT AT FALL
At 1D first Bottom 1W Fisher Crossed to positive side at 1W Fisher Bottom.
At 1D second Bottom 1W TSI triggered to positive. At 1D Double Bottom simultaneous 1W TSI and 1M Fisher had Fisher +X (positive crossover)
1D TSI Cross at Bottom was like KOL since at First Bottom, despite 1D TSI cross, 1W Fisher got positive Cross over. At second Bottom, despite 1D TSI Cross, 1W Fisher was up.
• 1D Double Bottom – Fisher Double Bottom TSI KOL (Because 1W Turn up)
• 4H Double Bottom - Fisher 2 Bottom and TSI 2 Bottom
As we are pondering why more than 15% move was made, we may go little further –
1M was Down – An attempt was made for rise from 1D first Bottom – Rise was restricted 1W – KOD, 1D – FFHTSI and 4H Fisher Top
Rule of Measurement – When 1M Down, 1W can not rise above KOD, 1D can rise upto FFHTSI up and 4H can go upto Fisher and TSI. Exactly same happened in SRF. RULE HOLDS.
How far it can go up – Both 1M and 1W Fisher are up, first target is 1D Fisher Top. From 1D fisher top, there will be a consolidation. Around this consolidation, 1M TSI will turn positive. But that is a matter of several months. I shall update at that time.
CHART PATTERN – Symmetrical Triangle Breakout to Positive.
Reference – As I can not use 1M 1W and 1D Chart, request you to check what I have stated above. Only 4H Chart is published due to this reason.
Abbreviations used by me –
Time Frames – 1M (1 Month Interval), 1W (1 Week Interval), 1D (1 Day Interval), 4H (4 Hour Interval) 1H (1 Hour Interval) 15M (15 Minute) 5M (5 Minute Interval).
Fisher – Fisher Transform (An indicator)
TSI – True Strength Index (An indicator)
KOL – Kiss of Love – True Strength Line falling and touch Signal Line to down side
KOD – Kiss of Death - True Strength Line rising and touch Signal Line to up side
FFHTSI – It is a phenomenon where Fisher rise far above 0 (Top) while TSI rise upto only 0 – little more or little less. So, Fisher rise to full lenghth and TSI rise only half of the full length i.e. Bottom to Top. It is called Full Fisher Half TSI due to its characteristic.
Bottom – When an indicator reach far below 0
Top – When an indicator reach far above 0
Here are Charts you must see for cross reference purpose
1M
1W
1D
1H
Breakaway Gap and Bullish Momentum in SRF Ltd1. Key Observations in Price Action
Price Movement:
The stock has been range-bound for a considerable period, trading between ~2200 (support zone) and ~2600 (resistance zone).
The highlighted blue box captures this range.
Several attempts to break out above 2600 (R3) failed, showing resistance.
Likewise, multiple tests of the support level around 2200 (S3) held strong.
Breakaway Gap on the chart:
A large gap-up candle appears on the right-hand side.
The price surged from the prior resistance (~2400-2500) to a new high of ~2650.
This is indicative of a breakaway gap, often signifying the start of a strong upward trend.
The breakout is further supported by strong volume (visible in the price action characteristics).
The price is now trading above the pivot (P) and nearing R1/R2, suggesting bullish momentum.
2. Pivot Levels and Key Support/Resistance
Resistance Zones:
R1 (2600): Currently being tested.
R2 (2700): The next potential level if momentum continues.
R3 (2900): A longer-term bullish target if the uptrend sustains.
Support Zones:
P (2400-2500): Recent resistance turned support; critical to sustaining the uptrend.
S1 (2300): Immediate support if a pullback occurs.
S2/S3 (2200): The bottom of the prior range and a strong support zone.
3. Breakaway Gap Analysis
What is a Breakaway Gap?
A breakaway gap occurs when the price opens significantly higher (or lower) than the previous close, accompanied by strong volume. It marks the beginning of a new trend.
The gap is often not filled immediately and acts as a strong support/resistance level.
In this case:
The gap has broken out of the 2400-2600 consolidation range, signifying the end of the prior range-bound movement.
If the gap remains unfilled in the coming sessions, it will confirm a breakaway gap and further validate bullish strength.
Support from MACD (discussed below) and pivot levels indicates the price may continue higher.
4. MACD Analysis
The MACD line (blue) is above the signal line (orange), confirming bullish momentum.
The histogram is strongly positive, indicating the strength of the upward trend.
This momentum aligns with the gap breakout and suggests the continuation of the upward move.
5. Trading Implications
Bullish Case:
A sustained move above R1 (2600) can lead to the next resistance at R2 (2700).
The breakaway gap (~2400-2500) will act as strong support, ensuring a higher low structure.
Traders can look for long entries above 2600, with a stop loss near 2500 (gap support) and targets at 2700-2900.
Bearish Case (Invalidation):
A failure to sustain above 2600 could lead to a pullback to the gap level (2400-2500).
If the price fills the gap entirely, it may re-enter the previous range of 2200-2600.
Conclusion
The breakaway gap signals a potential long-term uptrend for SRF Ltd, provided the gap remains unfilled.
MACD and pivot levels confirm bullish momentum, with upside targets at 2700 and 2900.
Key support levels to watch:
Immediate: 2500 (gap zone)
Critical: 2200 (previous range bottom)
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in ZOTA
BUY TODAY SELL TOMORROW for 5%
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in MARATHON
BUY TODAY SELL TOMORROW for 5%