Havells appears promising for long-term investment. While it has been experiencing a correction phase since late 2021, recent developments suggest that this phase may be nearing its end. The stock has exhibited a strong reversal pattern, as depicted in the image. Consequently, it's showing signs of resuming its upward trajectory.
This stock has demonstrated a highly bullish trend in the past. However, in recent years, it underwent a correction phase. The current reversal from this downtrend suggests that the stock is poised for its next bullish movement.
A small pullback is expected from the current price and the level around 20,000 will serve as a pivotal support during this pullback phase. This corrective movement is projected to extend until May, coinciding with the declaration of the Lok Sabha election results. The outcome of these elections may potentially act as a catalyst, triggering a breakout and...
Happiest Minds, after a substantial bullish surge, experienced a significant downtrend. However, there are promising signs indicating a potential reversal in this downward trend. The stock's current market dynamics suggest favorable conditions for a swing trade opportunity. Traders may find it worthwhile to explore the potential for a rebound in Happiest Minds,...
DRREDDY has recently experienced a significant breakthrough by surpassing a major downtrend trendline. Following this breakthrough, the stock has found support at this trendline, exhibiting resilience during a minor pullback. Impressively, the pullback appears to be reversing, indicating a potential upward momentum. Given these promising technical signals, the...
DIVISLAB looks good for long-term investment. Technically speaking, it has broken the major downtrend(solid white line) and it has also failed to make a new lower low by breaking minor downtrend(dotted white line). This resilient performance signals a bullish trend, suggesting favorable conditions for potential long-term gains.
Pidilite, a consistently expanding stock, underwent a corrective phase over the past two years. However, there are compelling signs suggesting that this correction is now reaching its conclusion. The current market conditions present an opportune moment to consider acquiring Pidilite, as it appears to be poised for potential growth following the recent correction.
MAPMYINDIA has previously shown a very bullish move and after that it has recently consolidated a little and gave a pullback and now this pullback's downtrend has successfully converted into an uptrend which is indicating that price is ready to show the next bullish move.
The long-term prospects for IRCTC appear promising, supported by its historical bullish trajectory. Following a substantial correction, the stock has retraced to a key demand zone, signaling a potential trend reversal. The price action suggests that the corrective phase may be concluding, laying the groundwork for a renewed upward movement. Investors are keenly...
The stock had been in a noticeable downtrend pattern, characterized by a series of lower highs. However, in a recent development, the price managed to break above the resistance line formed by connecting these lower highs. This break has resulted in a significant shift in the market dynamics. The area where the price successfully breached the resistance line has...
The recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal. In addition to the promising technical indicators,...
Bajaj Finance recently experienced a significant development in its price action. After a period of descending trends that followed a notable uptrend, the stock broke through a key resistance line. This break of the resistance marked a pivotal moment in its trajectory. Following the successful breach of this resistance line, the stock price retraced and found...
The stock has gracefully established an upward trend pattern, demonstrating an impressive breakout following a brief pullback. This configuration appears to be a promising prospect for a long-term investment.
It has formed an uptrend pattern and after a pullback it has shown a breakout which is indicating that it is ready for a bullish movement. Buy at your own risk.
The stock has gracefully established an upward trend pattern, demonstrating an impressive breakout following a brief pullback. This configuration appears to be a promising prospect for a long-term investment.
It has formed uptrend pattern in lower timeframe and after a pullback it has also shown a breakout. Buy at your own risk.
An exceptionally robust bullish trend has taken shape, and following a temporary retracement, it has now displayed a breakout signal. This development strongly suggests the potential for a significant upward surge in the near future. Trade at your own risk.
This company boasts robust Foreign Institutional Investor (FII), Domestic Institutional Investor (DII), and Promoter holdings, reflecting significant confidence in its potential. Furthermore, on a weekly timeframe, the stock has recently formed a prominent uptrend pattern. Notably, following a brief pullback from this upward trajectory, the stock has convincingly...