#CASTROLIND - After reversing from the demand zone, we can see the change in the character of the price. After breaking the previous swing high, price has pulled back on low volume.
#WELSPUNLIV is looking good on daily and weekly chart. The character of price has changed by breaking the previous swing high with a strong volume.
The stock is showing signs of reversal from a key demand zone on the weekly chart. On the daily chart, the reversal is confirmed with a Change of Character (ChoCh) and a Break of Structure (BoS). However, there is a minor supply zone ahead. Action Plan: Wait for the price to cross above ₹163 (the supply zone) for further confirmation of the bullish momentum.
#FINEORG The stock broke out from its Stage 1 base in the week starting July 1st, supported by strong volume. After consolidating within a range for a few weeks, the price pulled back into the base but has since shown resilience. On the daily chart, the stock is displaying bullish momentum by forming higher highs (HH), signaling a potential continuation of...
#COCHINSHIP The price has broken out of the downward trend line after multiple touches, forming a higher high. Consider two entry options: Wait for a retest of the trend line to enter. Buy partially at current levels and add more if the price pulls back to the breakout (BO) zone. Stay alert!
#CARBORUNIV - has entered into the demand zone once again. Wait for the price to cross the dotted line on the chart before entering the stock.
#Saregama The stock has bounced back from the supply-turned-demand zone on the weekly chart, indicating a potential reversal. Before entering, waiting for confirmation of a Higher High above the dotted line on the daily chart. Trade Details: Entry: On BO and retest Stop Loss: Below 439 on a closing basis
#MARICO - Bullish Setup The stock has successfully tested the support from the supply-turned-demand zone, indicating a potential reversal. Volume is also showing signs of strength, adding conviction to the bullish narrative. One note of caution: MARICO's relative strength vs. Nifty is not overly impressive, which may impact its upside potential. Nevertheless, the...