Key Levels: Support: 220 Resistance : 240, 260 then BO #Nocil Keep tracking, keep learning
Key Levels: Support: 650 Resistance: 730 Technofunda: Archean, a prominent specialty marine chemical manufacturer in India, has made significant strides in its financial health and operational performance over the last few years. Here's a summary of the company's key highlights: 1. **Debt Reduction:** Archean has made substantial progress in reducing its...
Key Levels: Support: 244 Resistance: 275 and then BO Writeup: Support Level: The support level at 244 is a critical price point where the stock has historically found buying interest. If the stock's price approaches or touches this level, it is expected to encounter buying pressure, preventing it from falling further. A breakdown below this support level could...
Key Levels: Support:227 Resistance: 280 Writeup: A long-term consolidation breakout in the context of trading and investing typically signifies a significant shift in market sentiment and potential trading opportunities. Here's why it's significant: 1. **Market Direction Change**: Long-term consolidation patterns often indicate that an asset has been trading...
Key Levels: Support: 1000 Resistance: 1130, 1190 1230 Write-up: Darvas Box breakout trading is a trading strategy developed by Nicolas Darvas, a dancer turned investor, in the 1950s. It focuses on identifying and trading stocks or assets that break out of a predefined price range or "box." 1. **Simple and Objective:** Darvas Box trading is straightforward to...
Key Levels: Support: 890 Resistance: 1130 Write-ups: A bullish flag breakout is a common chart pattern in technical analysis used by traders and investors to identify potential bullish trends. 1. **Pattern Formation**: A bullish flag is typically formed after a strong upward price movement (flagpole), followed by a consolidation period where the price moves...
Key Levels: Support: 3050 Resistance: 3290 3400 3900 Writeup: 1. **Change in Trend Direction:** Breakouts indicate a potential shift in the price trend. 2. **Bullish Breakout:** Price rises above an upward trendline, suggesting a potential uptrend. 3. **Bearish Breakout:** Price falls below a downward trendline, signaling a potential downtrend. 4. **Entry/Exit...
Key levels: Support: 140 Resistance: 160 The stock is returning from long-term consolidation, making an awesome pattern
Key levels: Support: 2200 Resistance: 2400 2600 3000 Writeup: Support and resistance levels are crucial concepts in technical analysis: 1. **Definition**: Support is a price level where an asset tends to find buying interest and reverse its downward movement. Support reversal, therefore, refers to a situation where an asset, which was previously in a...