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...
Looks like a double top formation in LUPIN on 1 hour chart. Note: For educational purpose only.
A breakout in visible on day chart of HAVELLS. A quality stock that can be accumulated in long term investment portfolio. Note : For educational purpose only.
#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.
NTPC getting along a very long trend line support. If it breaks down, a good down move is possible. One can look for shorting opportunities in this counter. Note : For educational purpose only.
A nice reversal is seen in ALLCRGO on day chart. Note: For educational purpose only.
A parallel channel formation is seen in BIOCON on 1 hour chart. Note : For educational purpose only.
Looks like a breakdown in RELIANCE on day chart. Note: For educational purpose only.
For crypto lovers, BTC is trading close to support zone in day chart. Good time for accumulation. Crypto investments are highly risky. Note : For educational purpose only.
Here are some important levels of NIFTY50 which can be used for increasing your SIP amount in every dip. Note : for educational purpose only.
Forming a bearish flag pattern on day chart, but available at an attractive price. One can accumulate for long term investment. Traders can short if we get a breakdown. Note : for educational purpose only.
Trading close to a support zone formed during the covid fall. One can accumulate in this range for long term investment. Note : for educational purpose only.
One can buy at this level and accumulate on dips for long term portfolio. Note : for educational purpose only.
Consolidating in a range of 200 points. One can accumulate close to support zone for long term investing.
MANAPPURAM trading very close to weekly support trend line after showing poor results this quarter. As per technicals we can see a bounce back from this trend line support and the three upside targets as per fibonnaci retracement levels. Note : for educational purpose only.
Formed a strong bottom around 50 and most of the brokerage report gave price targets above 100 today. Might see a good move from here. One can average if it comes around 55 again. Note: For educational purpose only.