Marketik

Marketik

These are the major sectors analyzed based on their technical charts and almost all are looking bearish. A few days back, I highlighted that IT and Banking sectors were weak and would eventually drag down Nifty due to their high weightage and that's exactly what unfolded. IT, Banking, Finance, and Auto sectors are clearly the weakest on...

Marketik

Bitcoin broke its lower trendline a few hours back and now the same trendline is acting as resistance. This reversal suggests bearish momentum in the short term. Adding to this Bitcoin has formed an indecisive candle near its top which is a classic sign of market uncertainty and potential bearishness. For Bitcoin to convincingly break its all-time high it might...

Marketik

✅ Angel One has broken out of a long-term descending resistance trendline, confirming a double-bottom + inverted head & shoulder pattern on the daily chart. The stock is trading near the 3400 resistance zone, with strong volume indicating bullish momentum. Sustaining above 3400 could lead to a rally towards 3900 and higher levels. Traders can look for a retest...

Marketik

✅Eris Lifesciences is trading near a key resistance zone at 1500 after a strong uptrend, supported by higher lows forming an ascending triangle pattern. Sustaining above 1500 with volume could trigger a fresh breakout, leading to targets of 1600 and beyond. Positional traders may consider entering on a breakout or a retest near 1450.

Marketik

✅EMS has broken out of a descending triangle pattern on the daily chart, crossing the key resistance at 880 with significant volume. Sustaining above this level could lead to further upside, targeting 950 and beyond. The strong volume spike supports the bullish breakout, and the RSI is trending higher, indicating strong buying momentum.

Marketik

✅MTNL has successfully broken out of a descending triangle pattern on the daily chart, closing above the key resistance level of 50. Sustaining above 50 with strong volume could lead to a rally towards 60 and beyond in the short term. The RSI is trending upwards, indicating growing bullish momentum, making it a strong candidate for a positional trade.

Marketik

✅Maithan Alloys has decisively broken out of a descending triangle pattern on the daily chart, crossing the resistance at 1180 with strong bullish momentum. Sustaining above this level could drive the stock towards 1280–1300 levels in the near term. RSI above 70 indicates strong buying interest, supported by increased volume, making it a favorable setup for...

Marketik

✅The stock has broken out of a descending channel on the daily chart, crossing the key resistance zone near 70 with strong volume. Sustaining above this level could lead to further upside towards the 76-80 range. RSI above 70 signals bullish momentum, making it an attractive setup for trend-following traders.

Marketik

✅The stock has successfully broken above the falling trendline resistance at 750, supported by strong volume. Sustaining above this level can propel the stock towards the 800-820 zone in the near term. RSI indicates rising bullish momentum, making it an attractive opportunity for traders to follow the breakout.

Marketik

✅The stock has decisively broken above the resistance level at 270 with strong volume, signaling bullish momentum. Sustaining above this breakout level can lead to further upside toward 300 and beyond. The ascending trendline provides strong support near 230, offering an ideal risk-reward setup for positional traders.

Marketik

✅The stock has broken out of a strong resistance zone at 460 with high volume, signaling bullish momentum. Sustaining above this level, it could target 500 and beyond in the near term. The ascending trendline and 100 EMA at 366 provide robust support, offering a favorable risk-reward setup for positional traders.

Marketik

The stock has broken out of a long-term descending triangle pattern on the weekly chart. The breakout above 400 marks the end of a consolidation phase that lasted nearly two years. If the stock sustains above 400 with continued volume, it could see a strong rally toward 500 and beyond. A retest of 400 as support would provide an excellent buying opportunity for...

Marketik

The stock has recently broken out of a descending resistance trendline, indicating bullish momentum. The price is currently testing the 200 EMA, which aligns with a key horizontal resistance zone at 128. A close above this level with good volume will confirm further upside potential.

Marketik

The stock has been trading within a well-defined downward channel, showing consistent bounces from the lower trendline near 240. A bullish breakout above 280 could lead to a sharp rally toward the upper boundary of the channel near 360, supported by increased volume. The 100 EMA is acting as a strong dynamic resistance around 275. RSI at 47 suggests improving...

Marketik

The stock is trading within a narrowing wedge pattern, with a strong bounce seen from the lower trendline near 180. A breakout above the upper trendline could signal a sharp upward movement.

Marketik

The stock is nearing its multi-year resistance level around 950, which has acted as a major hurdle in the past. A decisive breakout above this level could open doors for a strong upward rally.RSI is at 69, indicating bullish momentum with room to push higher. Recent price action is supported by consistent volume, signaling strong buying interest.The long-term...

Marketik

The stock has decisively broken above the multi-year downtrend resistance line near 700, indicating a strong bullish reversal. This breakout is backed by substantial volume, signaling significant buying interest. RSI is at 61, showing strengthening momentum with room for further upside. The next target zones lie around 800-850, provided the breakout sustains. The...

Marketik

✅ The stock is currently trading at 848, testing the downtrend resistance line. A breakout above this level could mark the beginning of a bullish reversal with potential upside targets of 900-950. ✅ The RSI is at 52, suggesting moderate momentum with room for further upside. The stock has been consolidating near its key support zone around 800, providing a strong...