Double Bottom Pattern A significant technical development is the formation of a double bottom pattern, which is considered a bullish reversal signal. The stock formed two distinct lows at approximately ₹643, indicating strong support at this level. A breakout above the neckline at ₹765 has been confirmed, suggesting potential for further upward movement1. Price...
Price action analysis for Sanofi India (SANOFI) indicates a bearish trend in the short term. The stock is currently trading below its 20-day Simple Moving Average (SMA) and is in the lower range of its Bollinger Bands, suggesting downward momentum. The price has broken a strong support level of 6257, which could lead to further downward movement. Key price action...
Based on the search results, the price action analysis for Tamil Nadu Newsprint & Papers Ltd. (TNPL) indicates a positive short-term trend with potential for further upward movement. Short-Term Analysis The stock is currently showing bullish momentum in the short term: The price is trading above an important level of 176.42, which suggests the uptrend may continue...
NIITLTD's stock is currently experiencing a weakening uptrend. The most recent closing price was 186.01, with a daily high of 203.62 and a low of 184.14. The stock is trading below an important level of 213.91, which could indicate a potential short-term decline if the price remains below this threshold. Technical Indicators Moving Averages: The stock appears to...
The short-term price action for Hindalco appears to be positive, with some bullish indicators: The stock is trading above its 20-day Simple Moving Average (SMA) of 657. The price is in the upper range of the Bollinger Bands, suggesting strong momentum. The MACD has generated a buy signal, although it is initial and weak. The CCI (Commodity Channel Index) has...
Based on the technical analysis of Avanti Feeds Ltd (AVANTIFEED), the price action shows a positive trend in the short to mid-term: The stock has broken out of a long-term triangle formation with an Inverted Head & Shoulder pattern, accompanied by strong volume1. The price is exhibiting a positive breakout from the Keltner Bands, indicating strong bullish...
Support and Resistance Support Levels: S1 at 33.61, S2 at 33.36, S3 at 33.114. Resistance Levels: R1 at 35.21, R2 at 34.81, R3 at 34.564. Volume Analysis Trading volume is 14,205,622 shares, which is higher than the 20-day average volume of 11,666,702 shares, indicating increased interest35. Price Range 52-week range: Rs 31.07 (Nov 22, 2024) to Rs 52.90 (Jan 09,...
As of December 19, 2024, Bank Nifty has experienced a significant downward movement: The index fell by more than 1300 points over two trading days It reached a low of 51263 levels This sharp decline was accurately predicted using Neo wave and price action analysis, demonstrating the effectiveness of these techniques in forecasting market movements Key Price...
1. Probable reveral point on nifty 2: 1:5 RR trade set up 3. SL follow on closing basis
1. Set up: Inverted H&S 2. Reversal trade set up 3. Breakout & Retest 4. RR: 1:10R
1. Set up: Probable reversal 2. Reversal mini breakout 3. RR 1:10+ 4. May sweep SL before breakout
1. Set up: reversal trade 2. Reversal trade from consolidation zone 3.RR: 1:16+ 4. SL follow on closing basis
1. Set up: discount trade set up 2. Price trading at 75% discount 3. RR: 1:8+ RR 4. Reversal trade set up
1. Set up discount trading 2. Price trading at 75% discount 3. RR 1:10+ RR
1. Set up: Price at Discounted levels 2. Probable Reversal zone 3. RR: 1:8 to 15 to 20 R
1. Trend Bullish 2. Set up: pull back with 90% discounts 3. RR 1:17+ 4. Strength: strong
1. Trend Bullish 2. RR: 7R 3.set up: Fib retracement 4. SL can follow on close basis
1. Trend: Bullish 2. Set up: Reversal from Fib levels 3. RR 1:10+ 4. Strength strong