NSE:JKCEMENT Trading near major trendline support zone. Wait for the direction of the market. If it fails to takes the support, we can expect a good and quick fall. if it takes the support, we can expect 3600 as first target.
NSE:TITAN sets all time high. It forms a good bullish breakout candle with good volume. Also it sustained above the previous ATH level. Aggressive traders can take a position above the current ATH. Conservative traders could wait for the retest. If you look at lower TF, today it breached the level without facing any kind of resistance. After setting New ATH it...
NSE:VOLTAS breached the trendline but forms a reversal & bearish candle. We can't take it as a confirmation for Long position. If it breached all time high and sustained above that level, we can consider a long position.
NSE:NAUKRI is testing the major S/R level. For up move, it has to breach the upper trend line. If the market continues the trend, it has good chance to break the support zone. Keep an eye on Russia -Ukraine War & 5 state election results while considering a new trades.
NSE:POWERGRID is touched the bottom line of ascending channel. Also it's near to the 0.786 Fib levels. It always respected the channel trendline. So if it breached it can give good down move. Also there is chance to continue inside the channel. Wait and take the trade, once the direction is confirmed.
NSE:LTTS is trading near support zone. It also forms small triangle pattern. Soon it will breach either of the side. So wait for direction.
NSE:VOLTAS is reached it's major resistance zone & trendline resistance. In last 5 trading sessions, it has a quite impressive up move from bottom support to the Top with good volume. If it breaches the Resistance zone we can expect more up move after some pullback. Note: Always keep an eye on global cues.
NSE:HINDALCO gave trendline Breakout but facing resistance from ATH levels. There is rejection from the top. There is more chance for pullback before ATH resistance zone. But with good volume it can breach and give good up move.
NSE:TATASTEEL closed today's market with good bullish candle and good reasonable volume. Now it has to breach the trendline resistance zone and static resistance zone. Keep an eye on it.
NSE:CHOLAFIN Sets an ATH. Now it's trading in Resistance Zone. It forms good bullish candle set an all time high. But in Monday, It has formed huge bearish candle from the top. Wait for the direction confirmation.
NSE:HCLTECH is trading near 0.618 levels of Fibonacci levels which also worked as good resistance in past. We can expect small pullback before giving a good up move.
NSE:CIPLA is trading between 860's and 1000 level for almost last 10 months. Now it's nearing upper channel levels. We have to wait for few more days to confirm the direction. Keep an eye on the stock.
NSE:ADANIENT is trading inside rising wedge pattern. Now it's rejected from bottom trendline and formed good bullish candle. But it formed bullish candle with less or average volume. Still I hope that it will go upto atleast All time high.
NSE:HINDALCO is trading in a ascending channel. Now it's trading near the top of the channel and showing rejection from the top trendline.
NSE:NYKAA Almost reached the major S/R zone. Near to 0.618 Fib levels. Currently market is showing down momentum due to fear in the global markets. So trade carefully.
NSE:TVSMOTOR is trading near major Resistance Zone and 0.5 Fib level. Today it forms a good bullish candle with average volume. If it breached, we can expect good up side move.
NSE:NIFTY is trading at bottom of ascending channel. Market forms a structure of Higher High and Higher Low. It's a confirmation of clear uptrend. Till now there is no rejection from bottom levels. We have to wait for direction confirmation. Keep an eye on global cues. Us plans to send troops to Europe. Fear in global market will reflect in Indian market too....
NSE:LICHSGFIN Forms Falling wedge. Not just Falling wedge trendline resistance, it also has static resistance above the current trading levels. if it breached the resistance zone we can expect good upside move. Now it's showing rejection from the trendline resistance. Keep an eye on the stock.