Failed breakout means buyers trapped. It tried to bounce back but failed again. The stock may soon touch 245 levels. Observations from the Chart: * Downward Trend: The overall trend of the stock appears to be downward, as indicated by the descending channel formation. * Failed Breakout: The stock attempted to break above the resistance level but failed,...
*Background* One 97 Communications Ltd. (Paytm) is an Indian financial technology company that offers a range of digital financial services, including mobile payments, digital wallets, and financial services. *Technical Analysis* The chart shows a strong downtrend in the price of Paytm since its listing. The stock has been consistently making lower lows and...
Metropolis Healthcare Ltd. (MHCL): A Technical Analysis Background: Metropolis Healthcare Ltd. is a leading provider of diagnostic services in India. It offers a comprehensive range of laboratory tests and imaging services, catering to both individuals and healthcare institutions. Technical Analysis: Key Observations from the Chart: * Long-term Upward Trend: The...
Let's analyze the provided chart of LUPIN LTD. (1W) and discuss the cup and handle pattern. Cup and Handle Pattern Upon examining the chart, we can identify a potential cup and handle pattern forming. This pattern is a bullish continuation pattern that suggests a stock is likely to resume its upward trend after a brief period of consolidation. Components of the...
Background: Gujarat Gas Limited is a natural gas distribution company in India. Technical Analysis: Trend Analysis: The overall trend for Gujarat Gas Ltd. appears to be bullish. The stock has been consistently making higher highs and higher lows, indicating a strong uptrend. Key Technical Indicators: * Moving Averages: * The 50-day and 200-day Moving Averages...
While technical analysis and fundamental knowledge are crucial for successful trading, psychological factors often play a significant role in trader failure. Here are some common psychological mistakes that traders make: Emotional Trading *Fear of Missing Out (FOMO):* This leads to impulsive decisions, often resulting in buying at market tops. *Greed:* The...
Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern...
Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern...
Technical Analysis of State Bank of India (SBI) Background: State Bank of India (SBI) is India's largest public sector bank and a major player in the Indian banking industry. Technical Analysis: 1. Moving Averages: * 50-Day EMA: The 50-day EMA (blue line) is currently above the 200-day EMA, indicating a bullish trend. * 200-Day EMA: The 200-day EMA (orange line)...
Technical Analysis of Mahindra & Mahindra Ltd. (M&M) Background: Mahindra & Mahindra Ltd. is a leading Indian multinational conglomerate with diverse business interests, including automobiles, farm equipment, financial services, and real estate. Technical Analysis: 1. Moving Averages: * 50-Day EMA: The 50-day EMA (blue line) is currently below the 200-day EMA,...
Let's analyze the daily stock price chart of DLF India Limited and try to predict its future movement. Technical Analysis: Current Trend: Based on the chart, DLF India Limited appears to be in an uptrend. The stock price has been making higher highs and higher lows over the past year, indicating bullish momentum. Support and Resistance: * Support: * The 10-day...
Observations from the Chart: * Upward Trend: The overall trend of the stock is clearly bullish. The price has been making higher highs and higher lows, indicating a strong uptrend. The 50-day and 200-day moving averages are sloping upwards, further confirming the bullish trend. * Recent Consolidation: The stock has been consolidating recently, forming a sideways...
Technical Analysis Summary Trend: The stock is currently in a downtrend, as evidenced by the declining trend line and the bearish crossover of the 50-day and 200-day Moving Averages (MAs). Moving Averages: * The 50-day MA is below the 200-day MA, confirming the bearish trend. * The 10-day MA is also below the 50-day MA, suggesting a potential acceleration of the...
Technical Analysis of Infosys Ltd. (INFY) Overview Infosys has been on a strong uptrend, with the stock price steadily increasing over the past few years. However, the recent price action suggests a potential short-term consolidation or correction. Technical Analysis Let's dive into the technical analysis to understand the potential future movement of INFY: 1....