Pattern: Long-Term Trendline Break Stock: Kotak Mahindra Bank Timeframe: Weekly Status: Trendline broken with volume confirmation Pattern Characteristics: The stock has tested the long-term trendline 5 times in the past, failing to break through. Finally, it has broken above the trendline with a significant spike in volume, indicating a strong momentum...
Pattern: Falling Wedge Stock: MRF Timeframe: Daily Status: Pattern yet to break Pattern Characteristics: A falling wedge occurs when the price is making lower highs and lower lows, but the distance between the lows and highs is narrowing. This indicates that bearish momentum is weakening, and a potential breakout to the upside could occur. Key Observations:...
Titagarh Rail System Analysis: The stock is currently exhibiting a higher high and higher low formation on the weekly timeframe, indicating a potential bullish trend. It is approaching a strong support level and is also near the 200 EMA, which adds to the likelihood of a reversal. However, it's important to note that confirmation of this reversal has yet to...
Stock Analysis On the weekly time frame, Nuvoco Vistas has consistently faced resistance around the 398 level, rejecting this point three times. This repeated rejection indicates a strong resistance zone. However, a breakout above this level could signal a significant bullish trend, potentially offering good returns for investors. Key Points: Resistance Level:...
🔎 Chart Pattern: GMDC Ltd is currently forming a bullish pennant on the weekly timeframe. This is a strong technical signal that a breakout may be on the horizon, indicating a potential upward trend. 💰 Dividend: The company is also offering a healthy dividend payout on 20th September. It’s a great opportunity for income-focused investors! 📈 Potential: If the...
I've spotted a rounding bottom pattern forming on the weekly timeframe for SBI Card & Payment Services (SBICARD). This pattern is typically a bullish reversal signal and may indicate that the stock is primed for an upward breakout once the pattern completes. Here's what you should know: 🔍 Technical Insight: Pattern: Rounding Bottom Timeframe: Weekly Current...
I’ve spotted an interesting setup with Welspun Living that could offer a significant opportunity. We’re seeing a classic flag and pole pattern, which has recently broken out on the weekly chart. This suggests a potential upside movement of around 70% based on historical performance of similar patterns. 🔍 Analysis: Pattern: Flag and Pole Breakout Breakout Point:...
Hello everyone! 🌟 I’ve been analyzing CreditAccess Grameen’s stock, and there's a compelling opportunity to consider: 🔹 Current Setup: Strong Support Zone: The stock is currently near a significant support zone that has historically provided solid support. Potential Upside: From this support level, there’s a potential for up to 44% returns based on recent...
🚀 Laurus Labs is breaking out above a key resistance level with strong volume build up on the weekly timeframe! 📊📈 Could this be the start of a new trend? Keep an eye on it! #StockAnalysis #Breakout #Trading #Investing #ChartAnalysis
🔍 Technical Analysis: India Cement stock has recently broken out from a multiyear resistance level with substantial volume. This bullish signal could indicate a strong uptrend. Here's a breakdown of the key technical indicators: Resistance Level: The stock has breached a significant resistance level, indicating a potential new phase of growth. Volume: The...
An inverted head and shoulder pattern form in Infosys ltd on 1 hr chart.
An inverted head and shoulder pattern form in Infosys ltd on 1 hr chart.