TrueVithbyVishwanath

TrueVithbyVishwanath

Alright, let’s break this down. Tata Motors (NSE: TATAMOT) is currently trading at a mental support level of ₹600, a crucial zone where buyers have stepped in before. But here’s the big question – will it hold, or are we heading straight to the ₹400 range? Current Market Structure CMP: ₹619.70 Trend: Clear Downtrend (Lower Highs & Lower Lows) Major Support:...

TrueVithbyVishwanath

The weekly chart of ABBOTT INDIA LTD (NSE) is showing a significant development with a confirmed channel breakout. Along with this breakout, there is a well-defined trade setup with a Risk/Reward ratio of 2.63, making it a compelling opportunity for traders. Let’s analyze the price action and the potential trade scenario. Breakout Holding Strong – What’s the Next...

TrueVithbyVishwanath Updated 

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 Updated 

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 Updated 

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 Updated 

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:...

TrueVithbyVishwanath

TATAPOWER), you've probably noticed the recent price movements and might be wondering: "What’s next?" Let’s break it down using technical indicators and patterns. 📊 Understanding the Chart 1️⃣ Recent Price Action Tata Power recently faced rejection at the ₹470-₹480 zone, forming a distribution pattern before breaking down. The stock has corrected significantly...

TrueVithbyVishwanath

Price Action: The stock appears to have been in a downtrend within a descending channel. Recently, the price is attempting to break out from this channel. Support & Resistance (Pivot Points - Fibonacci Levels): The current price is ₹138.82. Immediate resistance: Near ₹145 - ₹150 (Pivot R1). Major resistance: ₹183.80 (Potential upside target). Support levels:...

TrueVithbyVishwanath

Technical Analysis: Price Action & Trend: The stock has been in a downtrend within a falling wedge or descending channel. It is currently testing a key support level near S1/S2 pivot points. If it breaks above the channel, it could signal a trend reversal. Fibonacci & Pivot Levels: Key support levels: S1 (~108.21), S2 (~90.04). Resistance levels: R1...

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...