📈 Thermax 📉 Thermax is breaking out from a resistance after testing three times. It was taking support at zone of 1650-1680 since December 2021. On Buy Side I am looking for Targets of 2080-2100. StopLoss should be kept in 1750-1780 zone. It offers 1:1 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing...
📈 Larsen & Toubro ( L&T ) 📉 This broke out from a Resistance Zone of downtrending Trendline and closed above resistance which was support earlier of 1760-1775 . On Buy Side I am looking for Targets of 1880, 2000 and 2080. StopLoss should be kept below 1700-1720zone. It offers 1:3 Risk To Reward. All Important Supports and Resistances are drawn in chart. All...
📈 Marico 📉 Marico broke out from a resistance zone 515-520 on closing basis after testing three times. On Buy Side I am looking for Targets of 550 followed by 580-590 Zone. StopLoss should be kept in 505-510 zone. It offers 1:2 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and...
On a verge of breakout from falling wedge pattern. If happens it bullish sign and for more confirmation need to cross swing high of 35700. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any...
📈 Asian Paints 📉 Asian Paints is breaking down from Support after 25May2022. Earlier it use to be Resistance as well so it holds more bias. So good stock for shorting, Possible targets on downside will be 2277 around levels. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you...
📈 Bitcoin 📉 It has broken out from downtrending trend zone and given first signs of forming higher high higher low. Started forming up upside trending trend zone (this zone is yet to be tested to be strong support zone). Immediate Upside resistance is at 46000 levels. Have to watch how price behave around these levels. My Personal view :- Price should face...
Description : Chart of Gold is forming a beautiful triangle. Support Area : Break of triangle downside will lead to immediate support at 1680$ if this also breaks then 1480$. Resistance Area : Break of triangle on upside will lead to 1900$ and then followed by 2030$
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Nifty is in Range Since October 2021 and forming a triangle. Still there is a lot of room to get narrower range. I feel right now it will be more volatile within the range. Caution Required as it will heart psychologically. Best move will be triangle breakout. Until then wait & Watch or figure out to trade with low volume. Disclaimer : Only For Education...
📈 Adani Port 📉 Adani Port, Since June 2021 forming a textbook pattern of Triangle as you can see in chart beautifully following lower highs and higher lows, And Day by day range was getting narrower. Today what I found is that it has closed below lower support of triangle on closing basis. Yes Not a good sign keeping in mind that markets are in jittery mode...
📈 Bharti Airtel 📉 Bharti Airtel is nicely taking support at Upward Trendline since September 2021 and starting from Jan 2022 it is facing a resistance at 730-735 zone. This pattern is finalised as a Triangle and on verge of break out. My View : Most likely breakout will happen on upside as it is not forming lower lows anymore. Disclaimer : Only For Education...
Tata Steel is following a downtrending trendline zone and Support are tested several times. So, If this trendline gets upside breakout then this is end of downtrend however closing above 1245 levels will be secondary confirmation. This is a trade to watch out very carefully as it is going to give a nice risk reward.
Beautifully following upward trending parallel channel. two possibilities occur here. 1. Might be keep trending like this and go till 585-600 levels 2. Come down till 490-500 levels then proceed towards 600 levels.
Description : Kotak Bank at lower levels following trendline area support and at resistance zone now. if it breaks on upside more bullish it will become. Support Area : Support at 1800-1830 and 1640-1690 Resistance Area : Resistance at 1950-1980 if broke above it then 2100 and 2300 Zone to watch for.
BankNifty Analysis of possible Support and Resistance. Major Long term Channel Not broken. Forming a drifting down channel valid until crossed if crossed long formation can be a possibility.