PowerOfTA

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On Weekly chart Bolling band is expanding on upside with high Volumes. Can show good momentum in coming week. Support is 637 and Target can be 1015

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It has formed bullish engulfing candle pattern exactly at 200 exponential average and this also coincides with previous resistance of July 2023 which is now acting as support. After making high of 583 in Jan 2024 it has corrected till the previous breakout level. Support can be 350 and resistance is 583. As per price action it should consolidate here for few weeks...

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Motilal OFS is making Volatility Contraction Pattern. The key elements of the VCP pattern include a prolonged consolidation phase, where the price moves within a relatively narrow range, followed by a breakout or breakdown. We can use this pattern to identify potential entry points for trades, anticipating that a period of low volatility is likely to be followed...

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Bank nifty is very close to 200 and 20 EMA on 1 hour chart. Above 51113 and below 50879 it can show trending move. Support is 50429 and Resistance is 51900

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It has given breakout of bullish flag with high volumes. Support is 650 and Resistance is 813

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It is taking support exactly previous resistance. Support is 69 and Resistance is 100. Fibonacci Retracement indicator is also giving support to 69

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It has given a breakout with high volumes and closed above the upper end of Bollinger Band with MACD, RSI and ADX suggesting a bullish momentum. SL : 570 and Target 1020.

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Welcorp's performance illustrates the effectiveness of the Dravas Box Strategy in identifying potential breakout opportunities. In July 2023, Welcorp's stock gave a Dravas Box Breakout at a price of 295, leading to a significant rally. The stock surged by 70% over the next few months, reaching a high of 500 by November 2023. This substantial return validated the...

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Last week, Gold showed a strong performance with a 3.13% gain, closing above the bullish flag pattern that had been forming. This breakout is a significant technical signal, suggesting that the bullish momentum could continue. Additionally, the weekly chart displays a Marubozu candle, which is a strong bullish indicator. A Marubozu candle typically means there...

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It making cup and handle pattern on weekly time frame. Fundamentally strong company. Support 460 and target as per pattern is 725

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Looks like big momentum is expected in coming days as huge volumes are seen.

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Jubliant Food has given a breakout after a big consolidation, volumes are are increasing constantly. Support: 455 Resistance: 500/515

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Breakout with Bullish Marobozu Candle (not exact) RSI above 60 indicating High momentum

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Bullish pattern High Volumes Support 1495 Resistance 1635 / 1705 Almost a Bullish Marabozu

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Sonata Software Limited (CMP 842) has been making waves in the stock market lately, drawing attention from investors seeking opportunities in the IT sector. Today, we delve into the technical analysis of Sonata Software, focusing on its daily timeframe chart to identify potential trends and opportunities. Bullish Momentum: The daily timeframe chart reveals a...

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Cyient has formed double bottom pattern on weekly chart. RSI (14) > 60 Support - 900 Resistance - 1080/1200/1292

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Union Bank of India has formed Inverted Head & Shoulders Pattern on monthly timeframe. This bullish technical formation often signifies a potential trend reversal, hinting at a shift from a downward trajectory to an upward one. Adding to this positive outlook, the Relative Strength Index (RSI) has climbed above 60, indicating a growing strength in the stock's...

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Mphasis is currently trading at a CMP (Current Market Price) of 2801, with notable technical indicators suggesting a bullish sentiment. On the weekly chart, an inverted head and shoulders pattern has formed, typically indicative of a bullish reversal. The pattern is complemented by high trading volumes, affirming market participation and conviction. Furthermore,...