Tomorrow if Bank nifty closes below 36400 then we can witness the fresh weakness in all across the sector and the correction period will be initiated. Then next major support would be near 35700. This correction surely be one of its big indication. So Mandi Depends on tomorrows Bandi.
This is a beautiful chart if u just watch this chart on a weekly timeframe whereby this has broken the 21 years high of 322. This is now in the blue-sky zone wherein u see the highest traded volume with the highest delivery quantity and also the major reason is a breakout from multiyear levels. This will be the new multibagger stock to buy in. Always go with any...
There has been inverted head n shoulder pattern formation on the chart and likely it will coming towards the 3900 levels. As 4190 was crucial support in this short term high rally as this stock has risen in one single direction without any hiccups.
The stock has been consolidating at various levels and forming important support and smiles and passes away for the new growth. The stock has outperformed its peers and the Nifty benchmark index. It's been clearly seen on the chart too. Meanwhile, the stock is blue sky zone.
There has been the pure formation of inverted head and shoulder pattern in the daily time frame. Even this was confirmed in the RSI too. The upper range is 34834 whereby the first and foremost support level has been breached i.e. 34237. Now it's heading towards the next support level of 33800 if that is not held then towards 33300. If on an intraday basis the...
This is a weekly chart of the Excel Industries from the Chemical Sector wherein after making a low of 375 in March 2020, it has made an unprecedented rally from the lows up till 1014 level in August and from there on till the Mid of the May it has consolidated in this range of 200 points from 820-1015 range. When there is a breakout the levels are broken with a...
Tata Consumer has been performing outstandingly in recent times and I have drawn few lines on the chart which clearly shows the strength and the resilience to buy the share at every support and rising to the new highs. This is one the best consumer sector outperformer and my best after HUL. This is a kind of chart which gives profit to both the investors and the...
What I felt after watching this 2 hourly chart that markets are in a mood to consolidate and the best way I am finding is the markets every time trying to breach the 34450 levels they go up and came down heavily to 33300 levels which act as significant support. But markets are looking to go sideways and consolidate at 34500 on the higher side and 33300 on the...
What ever you say on weekly timeframe there is beautiful Double Bottom pattern formation or the Rounding bottom formation is reflecting on the chart. There has been great strength in the chart with upward momentum in the price. Once 2194 is breached and sustained as there is resistance near 2250 and supply is generated near to those levels. Rest i would say hold this Gold.
Nifty FMCG index is outperforming the index on broader sense with its second continuous wave as we can see through PSAR. As what I have observed that that PSAR detects the trend much earlier either before the RSI or the MACD and HUL is the trend setter in the falling apart markets where the markets are falling its standing strong. Best to buy Tata Consumer, Godrej...
Nifty auto index has formed the Flag pattern where the downtrend will be in the flavor and if we look at the technicals it has breached the lower Bollinger band and the PSAR is also in the down trend and the it has underperformed the RS Nifty too. Clear strong conviction to short on Auto sector that's what I read through the lines.
$40000 ke pass jaake bik jaata h, neeche $30000 ke pass aake tik jaata h, Volume ek dum flat ho jaata h, Consolidation ke phase ye to mast khel jaata h. Avg volumes have been 86.249K from the last few trading session and signaling a continuous decline in volume
Dow Jones has break down the crucial support of 33562 as earmarked on the chart too. It was clearly indicated by the chart that the trend has been reversed and it's like a rounding top pattern and ready for the nose dive. Today US markets surpassed the support levels and fallen down and indicating Monday that Nifty now your turn baby to fall in my arms.....!!!!
HUL has outplayed the Nifty where the index is falling this quality company is still on rise with a heavy volume with a clear rounding bottom pattern. Accumulate the stock for new highs breaking the 5/04/21 highs and close above the level of 2465 then enjoy the new rally. Balle Balle.... !!!
Gold is on the verge of breaking the crucial level of a breakdown near $1763. If this level is broken down then we see the fastest breakdown in every segment of the markets may u say commodities or equities. RSI is oversold and near to levels of 32 and the DXY id rising and heading towards the level of $94.
Nifty has touched the bottom rock-solid level of 15450 which is near to the 16/02/21 high of 15431. If any time this level is broken down the markets are in deep correction then we will look for investing opportunities. One should now keep a check on their pockets to invest who were in FOMO earlier.
Bank Nifty is in the worst situation as comparable to Nifty as Bank Nifty has broken down from 29/04/21 highs of 34287. If anyhow it manages to close above this level, then it can sustain the uptrend otherwise it's gone and heading towards the levels of 32500. What I am seeing on the RSI too its an indication that the trend has been reversed with a heavy pressure...
Tata Motors looking good on charts on the monthly time frame. The levels are earmarked it's just who all can hold for the long. As one of the market leaders in the auto sector and very vastly adaption of EV concept in the industry will be handing the major boost for the company.