


Marketik
Premium✅ Navin Fluorine has rallied sharply and is now testing its long-term trendline resistance near 5100–5200 on the weekly chart. This level has acted as a reversal point multiple times in the past. ✅ The stock has given a strong breakout from a falling trendline earlier, but this immediate resistance zone needs to be cleared with strong momentum for the uptrend...
✅ Ambuja Cements is trading within a large symmetrical triangle on the daily chart and is now testing the upper trendline near 590–600, a key breakout zone that has acted as resistance multiple times. ✅ The stock is holding well above its previous horizontal resistance around 570, which now acts as a strong support base, indicating buyers are defending levels...
✅ Hindustan Aeronautics is trading near the upper boundary of its long-term descending channel, showing signs of a strong bullish setup. The stock has already broken out from a falling wedge earlier and has maintained higher highs and higher lows since then. ✅ Price is now consolidating just below the channel resistance around 5050–5100. A decisive breakout...
✅ UNO Minda is forming a falling wedge pattern on the weekly chart, which is a bullish continuation setup. The price is attempting a breakout above the converging trendline near the 1100–1120 zone. ✅ The stock is holding above its 200 EMA and the ascending trendline support, both reinforcing a strong underlying uptrend. The yellow moving average line around 869...
✅ Home First Finance is respecting a clear ascending channel on the weekly chart, moving steadily with higher highs and higher lows since 2021. This indicates a strong, sustainable uptrend. ✅ The price is currently near the upper trendline resistance around 1350–1400. A breakout above this channel top could trigger a fresh rally towards 1600–1700 in the medium...
✅ Fine Organic Industries is forming a classic falling wedge pattern on the weekly timeframe, which is typically a bullish reversal pattern. The price is now approaching the upper trendline resistance near the 5200–5300 zone. ✅ Multiple swing lows and highs inside the wedge indicate that the stock has been consolidating for a long period and is ready for a...
✅ The chart shows JK Lakshmi Cement forming a classic ascending triangle on the weekly timeframe, which is generally a bullish continuation pattern. The horizontal resistance near the 985 zone has been tested multiple times, indicating strong supply absorption. ✅ The price is trading well above its 200 EMA, which acts as dynamic support around the 705 zone,...
✅ The stock is testing the upper boundary of its well-defined rising channel on the weekly timeframe, having steadily respected both trendlines for nearly 3 years. ✅ Price is pushing against this resistance near 1100 with strong candles and healthy volume, suggesting bulls are ready to attempt a breakout above this zone. ✅ Weekly RSI is around 70, indicating...
✅ The stock has made a strong reversal from its long-term base near 500 and is now retesting the upper boundary of its rising channel after a sharp rally. ✅ Historical price action shows a clean breakout above multi-year trendline resistances, which now act as major support zones. This structure indicates that any dip towards 800–820 could attract buyers. ✅...
✅ The stock is forming a clear falling wedge pattern on the daily chart a bullish reversal setup with price now testing the upper trendline resistance near 205. ✅ Price is trading above its 200-day moving average (shown by the blue line), indicating the overall trend is shifting back to bullish after a long consolidation. ✅ RSI is holding above 55, showing...
✅ The index is currently testing the upper boundary of a broad rising wedge pattern, which has historically acted as strong resistance. ✅ Price action shows repeated rejections from this zone in the past, and the RSI is hovering near 65–66 indicating momentum is stretched but not yet overbought. ✅ Unless there’s a breakout with strong volume above 27300–27400,...
✅ The index is trading at the upper boundary of its broad rising channel pattern, which has acted as a strong resistance zone multiple times in the past. ✅ Price action shows a steep rally from the lower trendline near 47000 to the current 57500 region, with no major retracement — indicating it might be due for a healthy pullback. ✅ The RSI is near 68–70, close...
✅ The index has rallied sharply from the lower channel support and is now testing the upper boundary of its long-term descending channel pattern. ✅ While price action is near fresh highs, the RSI is showing clear signs of a bearish divergence — stuck within a falling channel and unable to break above 65–70 zone convincingly. ✅ This divergence signals caution:...
✅ The stock has broken above its falling trendline on the weekly chart after a healthy consolidation, showing signs of ending its corrective phase. ✅ Price held strong above its previous breakout zone around 600–620, forming a solid base. The recent weekly candles are closing higher with good volume pick-up. ✅ RSI, which was in a downtrend for months, has now...
✅ The stock has finally broken out above its long-term resistance zone near 200–205, which held strong for over 4 years. This range breakout on the weekly chart signals fresh bullish momentum. ✅ Weekly RSI is now at 68+, showing strong strength with room to move towards overbought levels. The breakout has come with good volume expansion, indicating fresh buying...
✅ The stock has formed a large symmetrical triangle pattern on the daily chart, with price compressing and now approaching the apex, suggesting a strong move is imminent. ✅ The recent candles show higher lows, confirming buyers are stepping in on every dip. RSI was in a falling wedge and has now broken to the upside above 62, indicating strengthening momentum. ✅...
🌲Swing Trade 📊 JSWHL @22400-22500 ✅ The stock is forming a classic symmetrical triangle on the daily chart after delivering two massive rallies of 108% and 89% in the past months — showing it has the potential for strong moves once momentum kicks in. ✅ Price is now attempting to break above the triangle’s upper trendline with support from the rising 100 EMA,...
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...