Important support and resistance levels for NIFTY50
This is my today's conviction for Nifty50. A good shorting opportunity near 18300.
Important levels for the banknifty in the coming week.
A good move is expected in Manappuram Finance if it gives a breakout on weekly chart.
A breakout is possible in RADCIO day chart. One can take a long position with a strict stoploss below 1160.
According to the weekly chart analysis, TATAMOTORS has been experiencing a prolonged downtrend. However, there is a possibility of a significant upward movement if the stock breaks out of this downward trend. TATAMOTORS is the largest player in the electric vehicle market in India, making it an attractive investment opportunity. As a result, we are monitoring the...
JUBLFOOD has experienced a correction of more than 50% from its all-time high, which was achieved in November 2021. When a stock experiences a correction of this magnitude, it may represent a buying opportunity for investors who have a long-term investment horizon. Current price level could represent a good opportunity for accumulation for investors with a...
HDFCLIFE is currently trading at 475, which is very close to the recent low and is in a support zone. There are two possible outcomes: either the stock will rebound from this support level, leading to a bullish trend reversal, or the stock may break down through this support level. There is a possibility of a 10% move in either direction from this...
Identified a triple bottom formation, which is a bullish chart pattern that suggests a potential trend reversal from a downtrend to an uptrend. This formation occurs when the price of an asset creates three distinct lows at or near the same level, indicating that buyers are stepping in to support the stock at that level. There are two possible outcomes: either...
#BANKNIFTY formed Lower Highs and Lower Lows recently. But the trend might change with the breakout of trend line resistance. Check out important support and resistance zones and a downtrend resistance line here in this chart. Note : for educational purpose only.