AbsoluteAnalysis

AbsoluteAnalysis

Bearish sentiment validity on breakout below 23950-25930 range Targets 23750, 23575 SL around 24140 RR: 1:2.6 It is invalidated once it closes above SL. Double-top under formation.

AbsoluteAnalysis Updated 

Pattern:- Evening Star. Result:- Indicaton of Bearish sentiment. Entry:- Breakout of the low of the current candle (below 432) Pro tip:- Wait for a breakout of the range 432-430 for the entry. Target:- 408, 402 SL:- 439 Prices in spot

AbsoluteAnalysis Updated 

Britannia, after an untiring rally since the beginning of this month, now comes to a halt for another correction. Entry-1 is on a retest of 5873-75 range as resistance with Stop above this range. The second entry is below 5801-5800 range, if the price fails to retrace and continues to fall. Bearish invalidation above resistance range till 5975 as t1 upside level.

AbsoluteAnalysis Updated 

The trendline is still not breached and the entry criteria are still valid, only with the change in the entry level. Entry tentatively above 4445 (to be precise on breakout of trendline)

AbsoluteAnalysis

Another fundamental vs technical scenario. On breakout of 729 price-level, AARTI IND is set to rally till 772-783 as upside targets. On brea of 710 support, prices will drop till 683-678.50 range as S2 (or T1 for the short side trade entry) and 625 as S3 (T2). Prices in spot.

AbsoluteAnalysis

As per the analysis, Nikkei 225 is projected to reach a 40000 upside target this month. Bullish view invalidates below 37740, pushing prices down until 36300 and 34100 in due course.

AbsoluteAnalysis

Before the result announcement, A bullish breakout is expected till 19 with resistance levels at 17.26, 18.50 Bullish invalidation below 15.88 with lower side targets at 14.57-14.75 and 13.86 as T1 and T2.

AbsoluteAnalysis

BataIndia is approaching the 2022 bottom price, indicating a potential upward trend. Breaking the resistance level at the lowest point of 2022 could lead to targets at 1625, 1642-47, and 1660. Bullish invalidation on the rejection of resistance range of 1640-1625 Prices on rejection will be looking for a downside target of 1575 and 1510 as initials.

AbsoluteAnalysis Updated 

An interesting comparison of fundamental results vs technical analysis in BPCL is evident. CMP 318.95 Buying opportunity above 319 Targets 326.50 and 335. SL 316 (suggested a few points below this, not the exact price) Let us track together.

AbsoluteAnalysis Updated 

A simple trading plan for Deltacorp Buying on breakout and retest of 126.05 Targets mentioned in the chart along with Stop loss.

AbsoluteAnalysis Updated 

Look for a bullish breakout in Axisbank. A pennant pattern is evident in this stock. Price level of 1113-1115 range is resistance to watch for a breakout. I will update the entry taken for buy later in the idea comments.

AbsoluteAnalysis Updated 

After completion of ABCD, harmonic pattern. Buying strategy will be on breakout and retest of the entry price mentioned in the chart. (562.50)

AbsoluteAnalysis Updated 

CNX auto continues the rally and aims at the 18860-19000 mark to make the new all-time-high. Immediate resistance at 18719.50 which was the latest high made on 29th Dec'23 We can see a small divergence at the current level, indicating the possibility of a price fall. Hence any bullish new entries are advisable once the price validates the breakout of the last high...

AbsoluteAnalysis Updated 

Immediate resistance 21896.15 (along with 21813 recent pivot) Upside targets 22022 and 22306.60 Downside supports 21500 and 21206 While trading for new entry or existing positions, these levels will act as major support and resistance.

AbsoluteAnalysis Updated 

On weekly chart Crude is forming bearish engulfing pattern and at Bhoomi Maya's red band i.e. where any sell entry is activated. Target green bands 5761 as T1

AbsoluteAnalysis Updated 

An ABCD Harmonic pattern is under formation in the Adani Port chart with a possible price reversal at 1323.90 (which also confluences at Bhoomi's first bullish target) We can have a short-side trading opportunity with the least SL on completion. Updates once the formation is validated on completion.

AbsoluteAnalysis Updated 

Target: 1515, 1528, 1560 SL below 1460 (safer 2% from 1466) Entry on retest of 1466-68 range

AbsoluteAnalysis Updated 

A right shoulder is yet to be finished so this particular stock "GMRINFRA" is only a stock to watch. If this pattern finishes with valid rules for the pattern, we can see the prices falling to the 53-55 range.