Technical Analysis of Vedanta Ltd (1M):
Price Levels:
The stock is currently trading at around ₹487, after peaking around ₹528 recently. This suggests that the price hit a strong resistance level around ₹520-530, which is a significant historical resistance zone, as indicated by the purple box.
Long-Term Trend:
Resistance Zone: The ₹520-530 area has been a...
Based on the Godrej Agrovet (W) chart:
Technical Analysis:
Price Levels: The stock is currently trading around ₹746, after hitting a high around ₹860. There seems to be resistance near ₹770, where a recent pullback occurred.
Support Zone: The highlighted purple box indicates a key support zone, roughly between ₹680 and ₹720, where prices have historically...
In the chart of Deepak Nitrite Ltd (DEEPAKNTR), we can observe a cup and handle pattern, a classic bullish continuation pattern. The price has successfully broken above the previous resistance level around ₹2,800, completing the cup formation. However, after a slight pullback forming the handle, the stock is retesting the breakout level.
Key observations:
The...
"The stock has been respecting a descending trendline but is now showing strength, with a potential breakout above the resistance zone. If the price holds above this trendline and breaks through the entry level marked on the chart, it could signal a bullish move. Watch for confirmation of the breakout and maintain caution if it reverses near key support."
"After a sharp decline, the stock has bounced back in a strong V-shaped recovery, now testing a critical resistance zone around 400. If the bulls manage to break through this level, we might see further upside. However, failure to break could lead to consolidation or a pullback. Watch closely for price action in the coming days!"
