As of the latest trading session, the Nifty 500 index is trading at 23,260, which is below the short-term support level of 23,285. This indicates some weakness in the market. 75-Minute Time Frame: When analyzing the Nifty 500 on a 75-minute chart, it is evident that the index is trading below two key moving averages: the 30 (SMA) and the 50 SMA. This positioning...
I've been on a temporary pause recently, despite the Nifty 50 nearing all-time highs. The reason? We mostly trade in small-cap stocks, and the Nifty Smallcap index is still below key moving averages like SMA 50 and 100. I prefer to wait for healthier market conditions, especially in small-cap and mid-small-cap segments, before making new entries.
Overview: TATAINVEST, after a considerable uptrend, gracefully navigated a consolidation phase and emerged with a breakout. Impressively, it's weathering the market fall, currently in the process of retesting key levels. Key Points: Uptrend Evolution: TATAINVEST exhibited a robust uptrend, reflecting positive momentum and investor confidence. Consolidation...
The stock is forming nice rounding bottom structure. todays movement suggesting it is ready for breakout. Pre Breakout trades are highly rewarding if executed properly. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Trading involves...
Technical Analysis: HITECH has been exhibiting a strong uptrend on both the daily and weekly timeframes. Recent breakout followed by a retest of the breakout level, which is a bullish sign indicating potential continuation of the uptrend. The retest of the breakout level occurred with declining volume, suggesting weakening selling pressure. Today's price action...
After a robust upside run, AWHCL took a breather with a consolidation phase lasting around two months. This period of sideways movement allowed the stock to gather strength for its next move, and it looks like the breakout is finally here. Technical Analysis: Consolidation Period: AWHCL showcased resilience during the consolidation, indicating a potential...
1. Trend Analysis: Adani Power has been in a continuous uptrend since April 2023, forming higher highs and lower lows. This is indicative of a bullish trend, suggesting that buyers have been in control. 2. Moving Averages: The 30-day Simple Moving Average (SMA) and 50-day SMA are acting as significant supports, confirming the bullish sentiment. These moving...
Technical Observations: Moving Averages: The Nifty index is currently trading below both the 30 SMA and 50 SMA on the 75-minute chart. This indicates a significant weakness in the market, as the shorter-term (30 SMA) and intermediate-term (50 SMA) trends are both bearish. Key Support Level: The market is currently trading below a crucial support level of...
Chart Analysis: PFC has been consolidating in a small base, suggesting a potential breakout. The stock is showing signs of strength, with supporting SMAs at 30 and 50 acting as crucial support levels. The current setup indicates a strong uptrend before the consolidation phase, reinforcing the bullish bias. Base Breakout: The small base formation is a classic...
The stock is retesting previous breakout. despite fall in market pharma stocks are holding strong. Supporting SMA 30 and SMA 50. No significant weakness in last two days fall.
Chart Analysis: The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities. Technical Indicators: Uptrend Confirmation: The stock's established uptrend is a...
MIDHANI has exhibited remarkable strength in the recent selling market, showcasing its resilience and potential for further upside. Yesterday's breakout, shared in our group, highlights the stock's robust performance. Despite broader market conditions, MIDHANI has maintained a strong trajectory, reflecting its underlying strength. Technical Analysis: Uptrend...
Technical Analysis: Uptrend Formation: The consistent higher highs and higher lows demonstrate a well-defined uptrend, indicating strong bullish sentiment. SMA Support: The recent price movements have shown significant support around the Simple Moving Averages (SMA), particularly the 50 SMA. This adds an extra layer of confidence to the overall bullish...
WSTCSTPAPR appears to be on the verge of a significant move as it breaks out of a small base. The price action suggests that the stock has built a solid foundation and is now ready to make a move to the upside. This breakout could be a strong signal for potential further gains. Key Points: Base Breakout: The stock has convincingly broken out of a small base,...
Technical Analysis: HEG has been making some exciting moves lately, and it seems like the bulls are firmly in control. Here's a quick breakdown of the recent developments: 1.Breakout Confirmation: HEG has successfully broken out of its previous resistance levels, signaling a potential trend reversal. This breakout suggests a shift in market sentiment towards...
The stock has displayed a strong upward trend, showcasing an impressive run before entering a consolidation phase lasting approximately 3 months. Throughout this period, the 50-day Simple Moving Average (SMA) has acted as a robust support level, indicating a solid foundation for potential bullish momentum. Despite two unsuccessful attempts to break out during the...
Technical Analysis: Breakout Above 21750: The market has successfully breached the 21750 resistance level. This breakout signals a potential extension of the bullish trend. New Trading Levels: With the breach of 21750, the market might establish new support and resistance levels. Traders should identify these levels for...
Introduction: NAZARA has been an interesting play lately, attempting to break through resistance not once, but twice. After two unsuccessful attempts, there are strong indications that the stock is gearing up for a breakthrough on its third try. Additionally, the weekly timeframe is showing signs of an uptrend, adding to the bullish sentiment. Key Points: 1....