TrueVithbyVishwanath

TrueVithbyVishwanath

Chart Analysis and Observations Descending Channel Pattern: The price is trending downward within a clearly defined descending channel. The lower highs and lower lows indicate sustained bearish momentum, with immediate resistance forming along the upper boundary of the channel. Support and Resistance Levels (Pivot Points): Immediate Support: ₹348 (S1 level,...

TrueVithbyVishwanath

Key Observations from the Chart Range-Bound Movement: Dabur has been trading in a well-defined horizontal channel, with the upper boundary (Resistance) near ₹622 and the lower boundary (Support) around ₹442. The price is currently at ₹527, consolidating near the midpoint of the range, indicating indecision among market participants. Support and Resistance...

TrueVithbyVishwanath

As we analyze the weekly chart of United Spirits Ltd. (UNITDSPR), it’s evident that the stock has been following a steady uptrend, supported by a strong ascending channel. This analysis dives into the technical indicators, price action, and potential future moves to help make an informed investment decision. 1. Trend Analysis: Ascending Channel The stock has...

TrueVithbyVishwanath

1. Current Price Action and Trend The stock is trading at ₹1,164.05, which is just above the S1 support level of ₹1,081.35. A significant bullish candle has formed this week, showing a strong reversal attempt from recent lows. It’s up 7.37%, indicating positive sentiment. However, the stock is still below its previous highs (R2 level around ₹1,353.15), suggesting...

TrueVithbyVishwanath

1. Price Action Overview The current market price is ₹8,198.15, showing an increase of ₹198.25 (2.48%) in the last trading session. The chart highlights pivot points with Fibonacci levels, which have been consistently respected, suggesting strong support and resistance zones. 2. Key Support and Resistance Levels The S2 level (support) is at ₹6,745.80, acting...

TrueVithbyVishwanath

1. Chart Overview Timeframe: Daily chart (1D). Pivot Points: Fibonacci Auto 15 Left pivots are visible, providing Support (S1, S2, S3) and Resistance (R1, R2, R3) levels. Indicators Used: MACD (Moving Average Convergence Divergence): Indicates momentum and trend changes. EMA (Exponential Moving Average): Integrated into MACD for smoother trend analysis. Price...

TrueVithbyVishwanath

Hey everyone! Let’s dive into an updated analysis of IRFC based on the latest weekly chart and recent price movements. There’s been some interesting action, and here’s what I’ve observed: Current Status of the Stock Price: ₹144.87 The stock saw a strong weekly bounce from the ₹127–₹140 zone, forming a solid green candle. This move indicates renewed buying...

TrueVithbyVishwanath

Price and Trend (ZOMATO LTD - Weekly Chart): Current Price: 241.85 INR. Pattern Formation: The stock is within an ascending channel, indicating a bullish trend in the long term. However, the price has recently slipped below a key support zone (possibly the channel's lower boundary), signaling potential weakness. Fibonacci Levels: Key support lies around S1...

TrueVithbyVishwanath

Indicators: MACD is plotted, showing divergence and momentum. Fibonacci Pivot levels (S1, S2, S3, R1, R2, R3) are visible. Trend: The price appears to be in a descending channel (blue trendlines), indicating a bearish trend within the broader price movements. Current Price: Approximately 550.25 INR. Breakout Potential: The price seems to be approaching the upper...

TrueVithbyVishwanath

1. Key Observations in Price Action Price Movement: The stock has been range-bound for a considerable period, trading between ~2200 (support zone) and ~2600 (resistance zone). The highlighted blue box captures this range. Several attempts to break out above 2600 (R3) failed, showing resistance. Likewise, multiple tests of the support level around 2200 (S3) held...

TrueVithbyVishwanath

1. Chart Pattern Analysis: Symmetrical Triangle Formation: The stock is currently forming a symmetrical triangle pattern on the weekly timeframe. This pattern typically indicates consolidation and is often considered a continuation pattern, meaning a breakout is likely to occur in the direction of the prevailing trend. The apex of the triangle suggests a...

TrueVithbyVishwanath

The stock is trading within a well-defined ascending channel, which is indicative of an overall bullish trend. Over the past few years, the price has consistently respected both the upper and lower boundaries of this channel. This is a strong indication of systematic movement and healthy trends in the stock. The price has recently bounced off a key support level...

TrueVithbyVishwanath

Key Observations: Downward Channel: The price is moving within a defined downward-sloping channel, indicating a bearish trend. The upper boundary of the channel near 570 INR is acting as resistance, while the lower boundary could act as support. Fibonacci Levels: The price is currently near P Fibonacci support (~510 INR). A breakdown below 510 INR could lead to...

TrueVithbyVishwanath Updated 

The chart shows Bank of Maharashtra in a consolidation phase between 51 INR (support) and 72 INR (resistance). The MACD indicates bearish momentum with a negative crossover and histogram. Price is near the S1 Fibonacci support level, and a breakdown could lead to lower supports (S2 or S3). Watch for reversal patterns like hammer or bullish engulfing at support...

TrueVithbyVishwanath

Tata Power is consolidating between 370 INR (support) and 470 INR (resistance). The MACD shows bearish momentum with a negative crossover and declining histogram. If 370 INR breaks, the next major support lies at 336 INR. The weekly chart of Tata Power indicates a consolidation phase, with the stock trading between 370 INR (support) and 470 INR (resistance)....

TrueVithbyVishwanath

Trend Analysis: Current Price: ₹145.42 (as shown on the chart). Trend Direction: The breakout from the descending wedge earlier suggests bullish momentum. However, the price has been consolidating in a sideways pattern recently, indicating indecision among traders. A strong support level is evident near ₹140–₹144. Support and Resistance Levels: Immediate Support:...