The Nifty Midcap Select Index (NIFTY_MID_SELECT) is showing a rising channel breakdown, indicating potential bearish movement. Breaching lower trendline - traders may consider this as a caution period until the next bullish confirmation forms.
Tata Chemicals Limited (nse: tatachem) stock may face the next resistance barrier around the critical 1300 level. Closely monitor this zone. The stock's price action near 1300 remains a focal point, influencing strategic trading decisions.
Cartrade Tech (nse: CARTRADE) stock is near its trendline breakout on the weekly timeframe, indicating a potential momentum. It's not perfect, but looks like a cup and handle pattern.
Rico Auto Industries Limited (nse: RICOAUTO) seems to be gearing up for a potential bullish move with a Monthly Cup and Handle Pattern breakout.
Star Cement Limited (NSE: starcement) is facing resistance at its recent all-time-high range. Now the stock closed above 170 + level, looks good.
Hindalco Industries Limited (NSE: Hindalco): close above the 434 + level, it will rally upside and close below the long trend line, it will become weak.
Crompton Greaves Consumer Electricals Limited is at the weekly support area. 275 is the last chance to get a good bounce.
Central Depository Services (India) Limited is currently trading at the trendline. Symmetrical Triangle pattern in weekly timeframe chart. Sustain and closed below 1080 level, it seems not good. (nse: cdsl)
Nykaa (FSN E-Commerce Ventures Limited): currently the stock is roaming exactly on the trendline. 1650 is a key level for downside/breakdown breakout. Closing is important. The bearish flag pattern is showing somewhat in the weekly time frame. Nykaa Analysis by Breakout Stocks App.
Grasim staying below the trendline is looking weak. Keep an eye on the price action at the trendline, the level to watch is below 1590 -. ~ Breakout Stocks App
Nifty 50 Index will face resistance at the upper trendline. Currently, price is inside a rising channel pattern. Stay cautious for the long position.
Tata Motors (tatamotors) formed a falling wedge pattern breakout on a bigger timeframe (monthly/weekly) candlestick chart. The level to watch is 160 + or 120 -. Any side breakout and stay above/below this shared level, it will move one side. Thanks, Breakout Stocks App (Android)
Reliance is at the 'make it or break it' breakout zone. The stock is currently hovering at trendline re-test levels. Either side move will happen.
Multi Commodity Exchange (NSE: mcx) is now at make or break level. The key level is 1165. Keep an eye for breakout or reversal trade. Support and resistance analysis.
Jubilant Foodworks (jublfood) sustaining above 1610 level, we may see breakout till 1645.
Cup and Handle breakout in Prestige stock, above 306 + level. Weekly candle close above 306 +, will touch 350 level.
Ajanta Pharma (ajantpharm) (weekly) has given breakout. Stock will remain positive till it stays above the trendline.
Lupin Pharma (daily) cup and handle breakout. Good volume as well.