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Turning Bullish: IRCON InternationalIRCON International has been in a downtrend since Aug 2024. It was sliding in a parallel channel pattern. However, it broke the channel pattern and gave a strong breakout with excellent volume. IRCON is trading near the strong support zone of 220 levels. It took support around 20 EMA (Black line) and showing some strength. However, 20 EMA (Black line) has to decisively cross 50 EMA (Orange line) to confirm the bullish trend in weekly closing. Technically, the downside risk is limited. RSI is also showing some strength. Resistance levels: 220, 267, 300, 350
NSE:IRCONLong
by shanmurali
CDSL New idea dec-2024 Firstly apologies as not been able to give analysis on "CDSL" but pls understand there are some restrictions as we need to accept it & follow, lets come to analysis and the chart link posted above is for short term 1 day trend that can come on 3/12/2024 or 4/12/2024 and pls follow then long term trend as on day chart price is following a pattern of 2green candle & 1 red candle so there's possibility of price following the pattern but if today's closing comes below 1645 then price will go to 1630-1629 level or even low till 1624, if price sustain above & trades at/above 1678/1680 then 1688-1705.80/1706 level can be seen. pls follow the chart & i will update under minds/ideas section later onwards & will shift to new platform for day to day analysis. "Till then trade well with strict stoploss" .
NSE:CDSL
by msubhashish14
Varun Beverages Ltd. (NSE) with Fibonacci retracement levelsThis chart appears to be a daily candlestick chart of Varun Beverages Ltd. (NSE) with Fibonacci retracement levels applied, a 200-day Simple Moving Average (SMA), and an RSI indicator. ### Analysis: 1. **Fibonacci Retracement:** - Key Fibonacci levels: - **0.382 (625)**: Current resistance zone, as the price is hovering near it. - **0.5 (609.5)**: A critical support level; the price has bounced from this zone previously. - **0.618 (593.05)**: Acts as a strong support zone below. - **0.786 (569.65)**: Major support; the price has not yet tested this level recently. 2. **Resistance Levels:** - **625 (0.382 retracement)**: Immediate resistance level. A breakout above this level could lead to upward momentum. - **640-660 Zone**: A significant resistance cluster, as seen from previous price action. 3. **Support Levels:** - **609.5 (0.5 retracement)**: Immediate support zone. - **593 (0.618 retracement)**: Secondary support level. If breached, further downside could be seen. - **200-SMA (602.49)**: Strong dynamic support. The price respecting this SMA indicates a potential bullish bias if maintained. 4. **Moving Average:** - The **200-SMA** is slightly sloping upward, suggesting the long-term trend is still positive. 5. **RSI Indicator:** - **Current RSI: 53.72**: Neutral zone. It indicates neither overbought nor oversold conditions. If RSI crosses 60, it could confirm bullish momentum. ### Key Observations: - The price is consolidating between the **609-625 range**. - A breakout above **625** could lead to testing the upper resistance levels around **640-660**. - If the price breaks below **609**, expect support at **593 (0.618 retracement)** and the **200-SMA at 602.49**. ### Suggested Strategy: - **Bullish Scenario**: Wait for a breakout above **625** with strong volume for a potential upward move. - **Bearish Scenario**: If the price breaks below the **609-602 zone**, it might head toward **593 or 570**. Consider short trades below these levels.
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by AnkurDasTrader
Eid Parry - Breaking 5 Months Consolidation Phase It has diversified business including sugar which have demand because of ethanol .And Other include nutraceuticals and bio-pesticides. We have seen massive rise in OPM in recent quarterly results. FIIs as well as DIIs haven't reduce their holding in September quarter. Technical Setup :- Trying to break its 5 Month consolidation phase if closing above 880 Levels. - RSI being at 57.37 suggesting positive momentum. Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial advice. I am not a SEBI-registered analyst or financial advisor. The views expressed here are my own and are based on my understanding and interpretation of the market. Please conduct your own research or consult with a qualified financial advisor before making any investment decisions. Investing in the stock market involves risks, and past performance is not indicative of future results.
NSE:EIDPARRYLong
by SiddhantM45
Reliance - Bullish again and bouncing from strong supportLast 2 months Reliance was down due to Bonus Issue, spectrum allocation to skyline without auction etc etc. But value buying has emerged and as expected big players accumulated this stock and given buy recommendations in last few days is lifting the price. Risk - RBI policy in Dec24 but its golden mine for medium to long term investment. Disney deal, work with NVIDIA is sure price rise more than 100% or more in 1 to 2 years. Indias No one company proves it again they will multiply wealth every year.
NSE:RELIANCE
by venkatfx
Siyaram good volume. Ready for a new ATH?Trading in a range from April 22. ✅Good Volume and wide candles seen in today's chart. ✅Trading close to ATH levels. ✅Trading above 50 DMA. ✅Resited the market fall. ❗️Prolonged and deep pull back after each upmove. ❗️Strentched with respect to 50 DMA. Almost 27%. ❗️Bearish sentiments in the market. ▶️Market Cap---₹ 2,792 Cr. ▶️Current Price---₹ 616 ▶️Stock P/E---14.4 ▶️ROCE---20.5 % ▶️ROE---16.3 % Entry levels are marked on the chart. Watch for a breakout of 700 levels. Fresh entry or further addition is possible if ATH is broken with good volume and a good candle. The chart shared is for educational purposes. This is not a buy-sell recommendation.
NSE:SIYSILLong
by sagartharayil