Simplecharttraders

Simplecharttraders

MCX presents a compelling buy opportunity based on the formation of a Bottom Rounding Pattern, a bullish reversal signal indicating a transition from a downtrend to an uptrend. The stock has broken above the key resistance level of ₹6800 with strong volume, confirming the breakout. The height of the pattern suggests a long-term target of ₹9600, offering an upside...

Simplecharttraders

The chart of Larsen & Toubro Ltd. shows a clear long-term uptrend, characterized by higher highs and higher lows, with the stock currently consolidating between ₹3,500 and ₹4,000. The price is moving within a rising channel, with the lower boundary of the channel providing dynamic support. The consolidation phase near ₹4,000 suggests resistance, and a breakout...

Simplecharttraders

The chart for Nifty Bank (Weekly) shows the index moving within an ascending channel, with clear support and resistance levels marked by the trendlines. It is showing a potential breakout above the critical resistance zone of 54,000–54,500, marking the upper boundary of its ascending channel. For aggressive traders, enter during the breakout if the price sustains...

Simplecharttraders

The chart for Oberoi Realty Ltd. (NSE) shows a bullish breakout above its ascending channel's upper trendline, supported by rising volumes. The RSI is at 68.49, indicating strong bullish momentum but nearing the overbought zone, suggesting caution. The MACD is bullish, with the MACD line above the signal line and a growing positive histogram. Immediate support...

Simplecharttraders

The daily chart of City Union Bank Limited (CUB) on the NSE shows the stock forming a rising wedge pattern, with the price approaching the upper resistance line near 185–190 INR. This suggests a critical juncture where a breakout above this resistance could lead to further bullish momentum, with potential targets at 195–200 INR. The RSI is nearing overbought...

Simplecharttraders

The daily chart of Piramal Enterprises Limited (PEL) on the NSE shows the stock trading within an ascending channel, with the price currently testing the upper resistance trendline near 1,240–1,250 INR. A breakout above this level, supported by increasing volume, could signal further bullish momentum, with potential targets at 1,300–1,350 INR. However, the RSI is...

Simplecharttraders

The daily chart of Divi's Laboratories (DIVISLAB) on NSE shows a strong uptrend, with the stock forming higher highs and higher lows while trading above key moving averages (50-day SMA at ₹5809.59, 100-day SMA at ₹5358.82, and 21-day EMA at ₹5967.32), confirming bullish momentum in both the short and medium term. The price is nearing a significant resistance zone...

Simplecharttraders

The weekly chart for CDSL (Central Depository Services Limited) shows a clear uptrend, with the stock forming a rising wedge pattern, which suggests potential for either a continuation or reversal depending on the breakout direction. The stock is trading well above key moving averages—21 EMA at 1442, 50 SMA at 1181, and 100 SMA at 895—indicating strong bullish...

Simplecharttraders

he chart for PolicyBazaar (POLICYBZR) shows a bullish cup and handle pattern with a confirmed breakout above the neckline near 1940-1950, signaling potential upside. The stock is in a strong uptrend, supported by rising moving averages (21 EMA at 1774.62, 50 SMA at 1720.45, and 100 SMA at 1660) and a well-defined trendline. Immediate resistance lies at 2000, with...

Simplecharttraders

The chart for CAMS shows a strong uptrend within an ascending channel, with the stock recently approaching the upper resistance line around 5250-5300. Key moving averages (21 EMA, 50 SMA, and 100 SMA) are trending upward, acting as dynamic supports, while the RSI at 70.20 indicates overbought conditions, suggesting potential resistance or consolidation. The MACD...

Simplecharttraders

The chart for Syngene International Ltd clearly shows a Cup and Handle pattern, a bullish continuation setup. The "cup" formed between mid-2022 and late 2023 indicates accumulation, followed by the "handle" as a brief consolidation near resistance around ₹940-₹950. The recent breakout above ₹940, supported by strong volumes, confirms this pattern. Based on the...

Simplecharttraders

Laurus Labs is in a strong bullish trend, trading within a rising channel. It is near ₹570-₹580 resistance, with RSI at 76 signaling overbought conditions and a potential pullback. Support lies at ₹500-₹480, where buying opportunities may arise. MACD confirms bullish momentum, and increasing volumes support the uptrend. Watch for a breakout above ₹580 for further...

Simplecharttraders

Dixon Tech (India) Ltd is in a strong uptrend, trading within a rising channel, with immediate resistance near ₹16,500 and support at ₹14,000-₹14,500. RSI at 67 indicates bullish momentum but nearing the overbought zone, while MACD confirms positive momentum without divergence. Short-term traders should consider booking partial profits if the price approaches...

Simplecharttraders

The chart for Indian Hotels (INDHOTEL) shows a strong uptrend, with the stock consistently making higher highs and higher lows within a rising channel pattern. The stock is trading well above its 50-day MA (698.27), 100-day MA (662.68), and 21-day EMA (722.19), indicating bullish momentum across all timeframes, further supported by the alignment of these averages...

Simplecharttraders

The chart for Federal Bank reveals a strong uptrend within a rising channel pattern, characterized by higher highs and higher lows. The stock is trading above key moving averages, including the 50-day MA (156.04), 100-day MA (153.38), and 21-day EMA (161.01), all of which are aligned positively, reflecting sustained bullish momentum. A recent increase in volume on...

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HCL Tech is trading within an ascending channel, indicating a bullish trend with support near ₹1838 (50-day MA) and resistance around ₹1950-1960. The RSI at 62.58 shows strong momentum without being overbought, while the MACD indicates continued upward movement. Traders can consider buying on a breakout above ₹1960 with targets of ₹2000-2050, or on pullbacks near...

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Coromandel International Ltd. is currently consolidating within a bullish ascending triangle pattern, with key resistance at ₹1918-1920 and strong support at ₹1710 (50-day MA). Indicators like RSI and MACD signal growing bullish momentum, suggesting a potential breakout above ₹1920, which could lead to targets of ₹2000-2050. However, a breakdown below ₹1710 could...

Simplecharttraders

The daily chart of Coforge Ltd. (NSE) shows a rising wedge pattern, typically a bearish formation, with the price nearing the resistance zone around ₹8300-8350. Key support levels lie at ₹8000 (wedge support and 50-day MA), ₹7400 (100-day MA), and ₹7000-7100 (long-term support). While the stock remains in an uptrend, weakening momentum is suggested by bearish...