Sushant0794

Sushant0794

Petronet is consolidating near an import pivot level. Levels of 539 are possible from current levels as momentum shows pickup.

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Tata power is testing a critical fib level of 453.40 for the past 3 months. If a breakout comes from here then targets of 620 is open

05:45

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Nazara technologies broke from consolidating range and is on upward journey from Current levels.

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CIE automotive India is currently in a distribution face after a rally and it has exactly reversed from a key pivot level. Since a red candle has been formed with huge volumes and it’s a bearish engulfing on daily time frame price, is currently consolidating since change in trend is bound to happen When such a candle happens.Once price takes it’s all time high,...

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Godrej Consumer is in a rising upwards channel and formed bullish marabozu on monthly time frame with good volumes. Trend extensions and price projections are indicating a rally till 1350 as first target and 1567 as first Resistance point from here. Max targets are 1723 for 2024

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Glaxo smith pharma is in a parallel channel for the past 13 years. Fibonacci trend extensions and volume trends indicate a good rally till 3000 levels in coming year. Fundamentals are good and price projections are possible till 3100 level.

02:10

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Granules is inching towards all time high of 427 and shown a breakout on long term charts by coming out of down trend line. A big Rally is possible in coming year till the levels of 585

05:33

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AU Bank Broke out of a parallel channel is testing the zone of All time High. Once price breaks from here a big rally is likely.

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SBI broke out of trading range from 2010 to 2021. Price consolidated at crucial fib level of 161.8% level and now price has formed belt and hold candle at 560 level. Next possible targets are 860-920 in coming year. Good dip to buy is at 560 level or add positions for long term.

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Crompton Greaves is showing signs of exhaustion in a downtrend channel which spans more than a year. If we notice Crompton Greaves has consolidated for few weeks at the 66.67% retracement level, which also happens to be a strong support in the Fibonacci trading terms. The next upside targets of Crompton Greaves look to be the 50% retracement zone which is 318 and...

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Nifty bank has been sticky around the channel midline of a longer time friend spanning from 2009 October onwards. A top has now been formed after a period of consolidation.

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The gap area of 14 Dec is the first low for this analysis and the recent high was the top point choosen. Since global markets closed on mixed signals. Nifty can remain sideways to form consolidation zone. For Day Traders good Support to enter is at 21282 levels which is 50% retracement level. Nifty is above all major Moving averages so any dip is a buying...

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Zydus wellness broke the upwards channel on long term charts with support at 50% retracement level of 1333.3 As 33% level broke it became resistance for next set of rallies. Price is forming lower highs from price zone of 33% levels. Good dip to buy for a swing trade is at 66.6% level

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VMART has retraced to 2/3rd Levels from its ATH and currently forming its potential right Shoulder on long term charts with neck line at multi month Support area. VMART has also established reversal as it could build momentum in primary uptrend channel. This hints that price can reach and test long term 1/2 retracement zone in near term with targets of 2473.45...