AnkurDasTrader

AnkurDasTrader

The chart of **Indus Towers Ltd.** using Fibonacci retracement levels, trendlines, and RSI (Relative Strength Index). Here's a detailed breakdown: ### Observations: #### 1. **Fibonacci Retracement Levels**: - Key levels drawn: **0.236 (₹426.50), 0.382 (₹405.25), 0.5 (₹388.05), 0.618 (₹370.85), and 0.786 (₹346.40)**. - The price has retraced significantly...

AnkurDasTrader

The chart appears to be a technical analysis of Olectra Greentech Ltd, featuring Fibonacci retracement levels, volume data, and RSI. Here's a detailed analysis of the setup: ### 1. **Key Fibonacci Levels**: - **0.382 Level (Resistance)**: Around ₹1,661.05. The price is currently testing this level. A breakout above it could indicate bullish momentum. -...

AnkurDasTrader

The image appears to show a technical analysis chart of the Nifty 50 index, with indicators, support/resistance zones, and patterns marked on the chart. Here's an analysis: 1. **Key Levels**: - **Resistance (Seller's Zone)**: Around the 24,664.55 level. A breakout above this level might indicate further bullish activity, as stated in the chart. - **Support...

AnkurDasTrader

The chart appears to be an hourly candlestick chart of the Nifty 50 index with key technical levels and zones annotated. Here's an analysis of the chart pattern: 1. **Seller’s Zone (Resistance):** - The zone around 24,500 to 24,600 is marked as a resistance level. - Price is currently testing this zone and has faced rejection, as indicated by the red...

AnkurDasTrader

This 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...

AnkurDasTrader

The chart appears to be an analysis of the **Nifty 50 index** with clearly marked **support and resistance levels**. Below is an interpretation of the patterns, levels, and potential market movements based on the chart: ### **Key Observations:** 1. **Resistance Levels:** - **R (Resistance Zone)**: The chart indicates a resistance around **24,499.40**. Bullish...

AnkurDasTrader

I was spot-on about the 23,900 level acting as a strong support for Nifty. Following yesterday’s sharp fall, the index found stability around this critical level and rebounded with a noticeable pullback today. This highlights the significance of 23,900 as a key psychological and technical support zone, where buyers stepped in to halt further decline and drive the...

AnkurDasTrader

The Nifty 50 index is currently in a crucial zone. If it falls below the 24,100 mark, the 24,000–23,900 range will be critical to watch. Sustaining above this level could provide support and prevent further declines. Are you following the market closely?

AnkurDasTrader

This chart appears to be a technical analysis of the Nifty 50 Index (hourly timeframe), with key levels and annotations for potential market behavior. Below is the analysis: ### Key Observations: 1. **Resistance Level (R)**: - Marked at **24,499.40**, indicating a level where bullish momentum may face resistance. - The note suggests "Bull activity may...

AnkurDasTrader

This chart depicts a technical analysis of the NIP IND ETF MIDCAP 150, likely with daily candlesticks. Here's a detailed breakdown: ### Key Observations: 1. **Support and Resistance Levels**: - **R3 (Blue)**: Significant resistance near 220.82. - **R2 (Green)**: Intermediate resistance around 215.99. - **R1 (Orange)**: Support at 209.87. - **S1 and S2...

AnkurDasTrader

A bullish trend is anticipated if it surpasses and sustains the 24,500 level. Today, it successfully crossed the 24,000 mark; now, it remains to be seen whether it can hold this level.

AnkurDasTrader

This chart represents the Nifty 50 index with key levels marked, including resistance (R1, R2), support (S1, S2, etc.), and the 200-day Simple Moving Average (SMA). Here's an analysis based on the visible details: 1. *Price Action*: - The Nifty 50 index showed a significant bullish move, closing above its previous resistance near R1. - The strong green...