#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...
#CARBORUNIV: Bullish Reversal Confirmed Key Highlights: Successful retest of supply-turned-demand zone Increasing volume on bullish candles Daily chart confluence: Close above 20, 50, and 200 MA RSI turns green on daily and weekly charts Buy Opportunity: Entry: Current levels Stop Loss: Below demand zone Bullish implications: Reversal of...
#ADA Analysis: Key Levels to Watch 🚀 Current Zone: ADA is trading in a demand-turned-supply zone, a key area that previously acted as support but now serves as resistance. Historical Movement: In March, ADA tested this zone but failed to break out. Now, it’s revisiting the zone with strong volume, indicating increased buying interest. Market...
#SAIL - Potential Reversal Key Observations: Price bounced off supply-turned-demand zone (support) Strong volume on reversal candle Bullish implication: Buyers absorbing selling pressure
Key Highlights: Bounced from the supply turned demand zone. Strong weekly close with increased volume Improving relative strength
#BEL - Note to Self: VPA Analysis Observation: Abnormal price-volume correlation. Small candle size with unusually high volume. Insight: According to Volume Price Analysis (VPA), today's trading activity indicates seller dominance. Despite buyer interest, sellers resisted price movement. Actionable: Monitor upcoming days for: Confirmation of seller control ...
#INFY has taken support from the highlighted supply turned demand zone, indicating a potential reversal. Additionally, the stock has found support at the 20 DMA, further confirming the upward trend. Relative strength is positive, indicating the stock is outperforming the broader market. Volume is average, providing a neutral signal, but not detracting from...
TCS is showing strength on the daily chart, with the stock finding support at the 20-day Moving Average (MA) and resuming its upward trend. The stock closed with above-average volume, indicating strong buying interest. TCS is exhibiting relative strength, outperforming the broader market/index, indicating its stock strength is improving compared to the...
#CENTURYTEX gave a BO out of the range on the back of the strong volume. It has been in the consolidation for the past few weeks on a low volume and with this BO, I expect the stock to continue the upward move.