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CMP 98.42 on 17.01.25 Since March 2024, the stock has been moving in a parallel channel-like pattern. This time touched the lower edge of the channel and showed a bounceback too. If the momentum continues, it may go to 105/120 or even more depending on the conditions. MACD is showing a likely reversal too. If it sustains below 88, the setup will go weak. This...

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Since November 2023, the index has been moving in a rising parallel channel. This time, again, it comes to the lower edge of the channel. If shows a reversal from the lower edge, may go into a bullish phase. MACD shows a reversal sign too. But merely this is not enough. should wait for some more confirmations. However, this is a good time to exercise a position...

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The chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup. Also, the gap area upside is to be filled in due time, of course in a bullish phase. If sustains above 3500, may go to 4000/4200...

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The stock price has dropped around 40% in the last six months. Now coming at the multiple support levels as shown on the chart. If it gives a reversal from the support levels, it may go into a bullish phase again. It may reverse from 1550 or 1470 levels. One should wait for the reversal signs according to their setups. Possible targets may be 1685/1770/1930+ The...

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The chart shows that the stock price has been moving in a parallel channel since August 23. This moment, again comes to the lower edge of the channel. If the pattern continues and gives a bounceback, it could be a good opportunity with a good risk-reward ratio. The stock has been consolidating in a narrow range in recent sessions. MACD shows a likely reversal...

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CMP 4834 on 05.01.25 The charts mention all important levels. This time, the stock has bounced back from a long-term support channel and formed a double-bottom pattern. If the momentum continues it may go to 5240/5580 or more. If it sustains below 4650, the setup goes weak. one should keep the position size following risk management. All this illustration is only...

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In the last 6 months, the stock price has come down around 40%. This time has been consolidating in a small range in recent days. MACD is showing a possible reversal on a weekly basis. If it gives a reversal, it may go into a bullish phase again. Possible targets are 485/570/620++. If it sustains below 370, the setup goes weak. One has to keep the position size...

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The stock price has formed a Cup & Handle-like pattern in recent years. In recent sessions, gave a breakout and on the retest levels now. If it bounces back from these levels, may go into a bullish phase again which may carry the price to 255/305/ 450. This setup is valid unless the price sustains above the purple trendline as shown on the charts. In this kind of...

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The chart is self-explanatory. After retracing 100%, from 3900 to 2000 in July 2024 it has resumed upside movement in the last 6 months. At present consolidating at the important resistance around 2800. If it reverses from these levels, it may go into a bullish phase again. Further targets are mentioned on the charts. If sustains below the 2680 level, the setup...

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CMP 6546 on 28.12.24 For the last 6 months, the price has been oscillating between 8000 and 6500. This moment again comes near the level of 6500. If it bounces back from here, may go into a bullish phase again. One may look for a long setup at this point because of the good risk-reward ratio. The setup remains active above 6550. If it sustains below 6450, the...

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The stock price has dropped more than 50% in the last 3 months. And 25% in the last 10 days. This time, it is close to the long-time support levels of 250-260. If it shows the reversal this time, it will be a good risk-reward trade. It may reach the levels of 310/340 or even more. The setup remains active above the level of 255-260. If sustains below 248, the...

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CMP 3947 on 09.12.24 Since January 2022, the stock has been traveling in a rising wedge pattern. For the last many days, the price has been moving in a range (shown as a rectangular shape). This time looks like breaking the upper levels. Immediate supports seem to be around 3860 and 3740. One may start buying from the current price to as low as 3860, multiple...

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The stock price has dropped more than 30% in the last 3 months—this moment resting on a multiple support area, as seen on the charts. If it bounces back from the support levels, may go into a bullish phase again. That could push the price up to the levels of 2520/2690 and 2950+. One should wait for the reversal signs and then make an entry. Also, mind the position...

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CMP 2344 on 01.12.24 1. In recent sessions, the stock has formed a cup & handle pattern. But could not give a breakout of the formation. 2. At present, tested the lower level of HANDLE and formed a Double Bottom Pattern & gave a bounce back too. 3. If the momentum continues, may go into a bullish phase. 4. MACD is showing a reversal too. 5. The risk-reward ratio...

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CMP 599 on 12.10.24 A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too. The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio. Immediate targets seem 670, 710,...

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CMP 1614 on 05.11.24 The chart is self-explanatory. Since 2021, the blue-colored parallel channel has been turned into a support ( if works like ). If the price bounces back from the support, may go into a bullish phase. targets may be 1700/1800/1900. MACD histogram also shows some reversal. The setup goes weak if sustains below 1550. Keep your position size...

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CMP 780 on 22.11.24 The chart is self-explanatory. It shows the consolidation in recent sessions at support levels. If it gives an upward move, it may go to 880. A reversal in MACD is awaited now. One has to keep the position size according to the risk management. This illustration is my own view, shared only for learning purposes. It is not a piece of trading...

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The chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that. Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts. At present time, we can observe the retest of the both breakouts. If the price gives a bounce back from present range of 6000-5800 and sustains above,...