SatpalS

SatpalS

POWERGRID is facing Trendline Resistance at Daily time frame. It gave Breakout and now re-testing it. It is right above the 200MA. There is probability of reversal from this level, one may keep an eye on it. Right now at a good support. In case it goes down then it may touch 295-290 levels. For learning and educational purposes only, not a trading advice. Please...

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BEL face Resistance multiple times at the upper Trendline. Today it gave BO, re-test is also done, heavy volume, now it may go towards 340. For learning and educational purposes, not a trading advice.

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NIFTY50 is making Head & Shoulder pattern at weekly chart. 23350 is a Strong Support, it is at an old lower trendline Support too. We took the support at this lower trendline even on 4th June - Election Result Day. Before that in the last week of October 2023. Since 10% correction has already happened so there is strong probability of a Reversal from this...

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ADANI POWER has faced Resistance at the upper trendline multiple times. Its been 5months since it has been facing the resistance. Now it is taking support at an old support level since last month. If it breaks the trendline resistance then it may give a good upside move. But wait for Re-test after the Breakout. It may go up to 670-75 and then re-test at around...

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Nifty is making VCP pattern. 24500 is a strong Resistance, if it breaks it then we may see a really good upside move but the chances of breaking it are less, it may spend time between 24300-24500. If Nifty gives breakdown then 24300 will serve as an immediate support, 24100-24000 will be next supports if it goes down further. Price Action helps in understanding...

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Nifty has completed Head & Shoulder Pattern at Daily time frame. If market has to reverse then this is a good level. If it goes down further then next support levels will be 23890, 23340. For learning and educational purposes only, not a trading advice.

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HAL is making a Trendline Resistance Pattern at 30min chart, going down while making Lower highs, 4440 area is working as a support zone for it. It may go down towards 4470-30 and reverse. One may buy when it breaks the blue color trendline. Hammer candle formation at support area will be good. For learning and educational purposes only.

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USHAMART is seemed to be making an Inverted H&S pattern. It may go down make 2nd shoulder and then reverse. Formation of a Hammer candle at 2nd shoulder will be a good confirmation. It is also moving in an Ascending Channel from June 2023 at Weekly chart. 330 seems a good support, horizontal and lower trendline, it may reverse from this level. 420-427 seems a...

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Bank Nifty is making Trendline Resistance pattern at 30min chart. It made a Hammer candle at 30min chart and after that a green candle gave closing above the Hammer. There is probability of BN going towards 52000, it is a Resistance as well. On 4oct market went up to 52358 and came down about 1000points, touched 51350 and made Hammer candle at at old support....

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Zomato is making Double Bottom pattern at 1hr chart. Today it made a Hammer, clear RSI divergence. There is also Trendline Resistance, today it has taken support at an old support level. There is probability of going up from here. Buying seems above 248 because in case it goes down tomorrow then it may take support at 230-235 levels. For learning and educational...

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SW SOLAR is making a Triangle Pattern at daily chart, right now we may trade between the triangle pattern, because as per Price Action it may come back after touching 770 levels. If breaks and sustain 770 then probability of moving further towards 820 levels. 680 is a good support and we may consider it SL. For learning and educational purposes only.

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FIN NIFTY is facing trendline resistance at 4hr chart. It is at Lower Trendline support and made a Hammer Candle under 50ema. Breakout with a strong green candle may give a good upside move. It has been moving between an ascending channel at daily time frame since January 2024. Earlier it gave breakout on 25june but started coming down from 23rd July - Budget...

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The ITBEES ETF is forming a Inverted Head & Shoulders pattern on the weekly chart and is currently developing the second shoulder. Given the potential in the Indian IT sector, there is a strong likelihood that ITBEES will move upward. After breaking the neckline, a retest is expected, followed by positive performance. ITBEES ETF is closely linked to the Nifty IT...

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Samhi Hotels has given Breakout of the Triangle Pattern after more than 4months at daily chart. Today it gave a follow up candle but its a Red Doji so it may come down and retest at 182-186 levels. It has crossed 50ema at daily time frame, if sustains then probability of going up. It has reversed from an old support. Good quarterly results came. Another candle on...

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TATA MOTORS has made Inverted H&S Pattern at 15min chart. I found it little late, but still has potential. This trade involves identifying a pattern, drawing the right trendline, and finding an opportunity during the market recovery immediately after a sharp fall caused by news. For learning and education purposes only.

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HI-TECH PIPES is making two patterns. Double Bottom & Downward Trendline Resistance Pattern at Daily Chart. RSI divergence is visible. If it comes down even then it is nearby its Support area. 4 times it has touched the Resistance Trendline, now we need a strong green candle breaking the trendline. If sustains then there is probability of touching 145 and 168,...

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Infosys has given Triangle Pattern breakout at monthly chart, looks positive as per Price Action. For learning and educational purposes only, not an advice.

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Zomato is following a downward resistance trendline. Yesterday, it broke the trendline with a strong green candle. It has touched the trendline 4-5 times, and now there is a strong probability of it going up towards the target. On June 2nd, I posted a Zomato chart where I clearly mentioned that a "breakout ("BO") was expected on June 3rd". It happened, but on...