Marketik

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✅The stock has been consolidating below a 6.6-year-old very strong resistance level, which also marks its all-time high (ATH). Recently, the price has shown signs of breaking out above this resistance, indicating a potential bullish continuation. ✅ Immediate support around ₹1,400, aligning with the lower trendline. This strong support level provides a robust base...

Marketik Updated 

✅The stock has been consolidating within a symmetrical triangle, supported by a 15-month-old strong support level. Recently, the price has shown signs of breaking out above the descending trendline, indicating a potential bullish continuation. ✅ Immediate support around ₹460, aligning with the lower trendline. This 15-month-old strong support level provides a...

Marketik Updated 

✅The stock has been forming a large cup pattern over the past 2.6 years and has recently broken its all-time high (ATH), indicating a potential strong bullish continuation. ✅ Immediate support around ₹1,300, aligning with the upper boundary of the cup pattern. This strong support level provides a robust base for potential upward movement. ✅ Noticeable surge in...

Marketik

✅The stock has been consolidating below a 2.6-year-old strong resistance level but has recently shown signs of breaking out. The stock closed strong near the resistance, showing high momentum and strength, indicating a potential 29% upside rally. ✅ Immediate support around ₹50, aligning with the lower trendline. Stronger support near the 2.6-year-old resistance...

Marketik

✅The stock has been consolidating below a descending trendline but has recently broken above it, indicating a potential bullish reversal. The breakout is accompanied by strong volume buildup, adding confidence to the move. ✅ Immediate support around ₹2,000, which aligns with the lower trendline. Stronger support near the 200 EMA at ₹1,989 providing a robust base...

Marketik

✅The stock has been in a long-term downtrend within a descending triangle but has recently shown signs of breaking out above the descending trendline. This breakout indicates a potential bullish reversal, supported by a 2.8-year-old strong support level. ✅ Immediate support around ₹220, aligning with the lower trendline and strong support level. This provides a...

Marketik

Multi-year Breakout & Positive Results The stock has given an upper trend breakout and consolidated for 2 months before starting its next rally. Technically, the stock looks very strong and is expected to show good momentum in the future. The company is focusing more on the USA and emerging countries like Kenya and other African countries. This strategy is...

Marketik

✅Media sector is silent from last 5-6 months and one is talking about this but as per my analysis big players are making position and CNX Media will outperform Nifty50 for next several months. ✅Big players and fund managers are always monitoring these ratios. They use this data to make informed decisions about their investments. Also they only need to outperform...

Marketik

Mahanagar Telephone Nigam Ltd (MTNL) - Technical Analysis ✅The stock has been in an uptrend since September 2023, making higher highs and higher lows. Recently, the price has broken above a key resistance level, indicating a potential continuation of the uptrend. ✅Immediate support around ₹38, which was a previous resistance level & Stronger support near ₹32,...

Marketik

✅The stock has been in a long-term downtrend since mid-2021, forming lower highs and lower and recently broke the trend . ✅There is a noticeable increase in volume, supporting the recent breakout above the descending trendline. This suggests strong buying interest. ✅The stock is trading above its key moving averages, which have started to slope upwards,...

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The stock is testing a long-term ascending trendline, which has acted as support multiple times over the past few years. The RSI is at 32.27, indicating oversold conditions but also a bearish divergence, suggesting caution. The MACD is showing a bearish crossover, with the histogram in negative territory, indicating downward momentum. Recent volume has...

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Max Financial Services Ltd. The stock is approaching a descending resistance line, which has been tested multiple times, indicating a possible breakout if crossed. The RSI is at 44.54, suggesting neutral momentum with room for a bullish reversal. The MACD is showing a bearish crossover, with the histogram in negative territory. However, watch for a potential...

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The stock is forming a symmetrical triangle, approaching the apex, indicating a potential breakout. The RSI is at 41.96, showing a bearish divergence, suggesting a cautious approach until a clear breakout occurs. Volume has been stable, but watch for an increase as the stock nears the apex of the triangle. Immediate support is at the lower trendline around...

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The stock is forming a symmetrical triangle, approaching the apex, suggesting a potential breakout. The RSI is at 54.41, indicating neutral momentum with a slight bullish bias. The MACD is showing a bullish crossover, with the histogram moving towards positive territory, indicating a potential shift in momentum. A recent increase in volume supports the...

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The stock is breaking out from a descending resistance trendline, signaling a potential trend reversal. The RSI has broken out from its previous resistance, indicating strong upside momentum and currently stands at 58.25. The breakout is accompanied by increased volume, adding confirmation to the bullish move. Immediate support is at ₹700, with significant...

Marketik Updated 

The stock is forming an ascending triangle pattern, characterized by a horizontal resistance around ₹700 and higher lows converging towards this resistance. - The price is approaching the upper resistance level at ₹700. - A breakout above this level with strong volume can signal further upside potential. - Immediate resistance is around ₹700, which has been...

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-The stock has formed an inverted head and shoulders pattern, a bullish reversal formation, with the neckline recently broken. - The price has decisively broken above the neckline around ₹850 with strong volume, confirming the pattern. - This breakout suggests a potential bullish move ahead. - Immediate support is now around the previous neckline at ₹850. - Next...

Marketik

- The stock is forming a symmetrical triangle pattern, with higher lows and lower highs converging towards an apex. - The price is approaching the upper trendline of the symmetrical triangle. - A breakout above this trendline with strong volume can signal a bullish continuation. - Immediate resistance is around ₹640, the upper boundary of the triangle. - Support...