Key Points: Nifty Bank currently at 46000, a key resistance area. Previous attempt to break resistance resulted in sideways consolidation (distribution phase). Recent breakdown with volume suggests potential bearish continuation. Wait for pullback towards 46300 for confirmation and short entry. Technical Analysis: Resistance zone around 46000...
Key Points: LIC is currently trading at ₹906, near its IPO price of ₹906. A breakout above ₹906 could signal a bullish move. A pullback to ₹728 could offer a good entry point for long positions. Technical Analysis: The stock is testing a key resistance level. A breakout would confirm a bullish trend reversal. Volume is increasing, indicating...
echnical Analysis Update (18 January 2024): Trident stock has found strong support around the 43 level, as we anticipated in our previous analysis. After a brief dip below this zone, the price has bounced back convincingly, signaling a potential bullish reversal. Bounce Confirmation: The recent price action shows a clear bullish engulfing candlestick pattern,...
Indus tower recently made a bold move, breaching its long-standing resistance at ₹206 with strong volume. This breakout signaled potential bullish momentum, exciting traders and investors alike. However, the excitement seems to have cooled down as the stock is now retracing towards its support level, leaving many wondering: is this a temporary dip or a sign of a...
Trident Ltd. has broken through a key resistance level on the daily chart, signaling potential for significant upward momentum. This idea analyzes the technical setup and outlines a potential trading strategy with attractive risk-reward characteristics. Key factors supporting the bullish outlook: Breakout above 44: The stock recently cleared a crucial...
Bitcoin's downward spiral intensifies, sending shivers down the spines of bulls. Our in-depth chart analysis exposes the bearish claws sinking into the price, with a potential plunge towards 37,500 INR looming large. But is this the final blow or a temporary dip before a comeback? Bitcoin, BTC, cryptocurrency, bearish analysis, Death Cross, Head and Shoulders,...
Gold prices are hovering near 62,064 INR, trapped within a bearish AB=CD pattern that could trigger a further decline in the near future. The pattern's completion at the 161.8% Fibonacci extension level suggests a potential downside target of 59,325 INR. However, a break above the pattern's upper trendline at 63,000 INR could invalidate the bearish bias and open...
The chart shows a breakout of WOCKPHARMA from a consolidation range. The breakout is accompanied by a surge in volume, which suggests that the breakout is genuine and has the potential to sustain. The stock has been in a consolidation range since early September, with the upper limit of the range at around ₹325 and the lower limit at around ₹280. On 16 November...
ICICIBANK, one of India's leading private sector banks, has demonstrated resilience and growth potential, making it an attractive option for investors. TradingView chart of ICICIBANK (NSE: ICICIBANK) stock. The price is currently at INR 924.65, and the volume is at 5.645M. Here are some key observations about the chart: The stock has been in a consolidation...
VEDANTA ITB stock is currently in a bearish trend. The stock has been declining since reaching its peak in april 2022. The decline has been accompanied by increasing trading volume, which suggests that there is more selling pressure than buying pressure in the stock. The following are the findings from the chart: The price of VEDANTA ITB stock has been declining...
Based on the chart, RELIANCE INOS is in a bearish trend. The price has been falling for a while, and it is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound. Here are some of the key observations from the chart: The...
Bitcoin has been on a roller coaster ride in recent weeks, but it appears to have found some stability near the $29,000 level. The cryptocurrency took support from the white line on the chart, which is a key Fibonacci retracement level. Now, Bitcoin is facing resistance at the $30,000 level. If it can break through this resistance, it could be on its way to...
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Price Levels: The current price of INDOAMIN is 131.9 INR, with a change of 12.55 INR or 10.5153%1. The trading volume for the last session was 179,6601. stock has showing good strength and you can see the stock has crossed the 200 day, 51 day, other crucial moving average with volume. so it can become good opportunity for investment am expecting the good...
This technical analysis report for Religare Enterprises stock provides an overview of the current trend, support and resistance levels, moving averages, and RSI. The report concludes that the stock is in a bullish trend, but it may be due for a correction. Investors should wait for the stock to cool off before entering a long position. Current Price:...
I am bullish on ICICI Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 963. I am looking for the stock to reach a target of 1010 in the next 2-4 days. Entry: I would enter a long position on...
Support and resistance levels: The key support levels are 107.81 The key resistance levels are 134.5. stock has crossed the 50 day moving average on weekly chart. first target 178.78 then we will move forward. Disclaimer: This is not investment advice. Please do your own research before making any investment decisions
This technical analysis of Garware Hi-Tech Films Limited (GRWRHITECH) looks at the stock's recent price action, technical indicators, and potential trading strategies. Garware Hi-Tech Films Limited (GRWRHITECH) is a leading manufacturer of polyester films in India. The stock has been on a bullish trend in recent months, and is currently trading above its 50-day...