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Right now, the stock is respecting a long-standing falling channel, and it has just bounced off the lower boundary of the pattern near the marked Buying Zone. The stock has been consolidating for the past 9 months inside a downward-sloping channel, and this retest could serve as the ignition point for a trend reversal. All important levels have been marked on...

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What happened on last day: As we discussed, NIFTY failed to sustain at higher levels and saw a strong rejection from the upper boundary of the falling channel, resulting in a sharp 4% intraday fall. If we look at the chart now: The market has decisively respected the resistance of the descending channel (marked in blue) and faced a strong bearish rejection....

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Right now, it is completing a descending triangle breakout, which is a bullish pattern. The stock has been consolidating for the past 4 months in a tight range, building strength for a breakout. All important levels have been marked on the chart. Looking at the chart, we can say that if the price breaks to the upside, there is a high probability that the...

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GUJSTATFERT is showing signs of a strong rebound from a multi-year ascending trendline support on the weekly chart. Price action around the 200-week EMA and long-term trendline support indicates a potential fresh leg to the upside. Key Observations: Trendline Support: Stock has respected a rising trendline since 2020 and is currently rebounding after...

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Glenmark Pharma has confirmed a breakout from a falling wedge and flag & pole pattern , supported by strong volume and a bounce from the 200 EMA . Price structure and momentum suggest bullish continuation. Key Observations: Pattern Formation: Falling wedge + flag & pole since September 2024 Breakout Confirmation: Closed above upper trendline at...

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What happened on last day: As we discussed, BANKNIFTY had been consolidating in a wide range, and it finally gave a breakout to the upside. If we look at the chart now: The market has broken out above the immediate resistance zone of 50,300–50,500 , and is now trading just above the 200 EMA (1D-tf) . The breakout candle was backed by strong volume ,...

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What happened on last day: As we discussed, the NIFTY has been in a sideways accumulation phase, and it has now broken to the upside. If we look at the chart now: The market is trading just below the 200 EMA (1D-tf) , which is acting as a strong resistance. Price has shown strong bullish momentum and has successfully broken out from the descending PINK...

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MRPL (NSE: MRPL) has given a strong breakout above the falling channel , signaling a trend reversal from a prolonged downtrend to a fresh uptrend. The stock had been consolidating inside a downward sloping channel for nearly 10 months and has now closed above the upper resistance line of the channel with a solid 15% gain on high volume — a textbook breakout...

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Right now, it is completing a descending trendline breakout, which is a bullish pattern. The stock has been consolidating for the past 4 months in a corrective phase and is now attempting a strong breakout. All important levels have been marked on the chart. Looking at the chart, we can say that if the price sustains above the breakout level, there is a high...

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Right now, it is completing a descending triangle breakout, which is a bullish pattern. The stock has been consolidating for the past 7 months in a tight range, building strength for a breakout. All important levels have been marked on the chart. Looking at the chart, we can say that if the price breaks to the upside, there is a high probability that the...

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Right now, it is completing a descending trendline breakout, which is a bullish pattern. All important levels have been marked on the chart. Looking at the chart, we can say that if the price breaks to the upside, there is a high probability that the stock will reach the ₹2,318 target. For the past few days, volume has also been quite good. If we enter the...

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Currently, the stock is completing a falling wedge pattern, which is a bullish pattern. All important levels have been marked on the chart. Looking at the chart, we can say that if the price sustains above ₹414, there is a high probability that the stock will reach the ₹576 target. For the past few days, volume has increased, confirming the breakout. If we...

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Asian Paints is showing a potential breakout from a falling wedge pattern, which is a bullish reversal pattern. Key Observations: Pattern Formation: The stock has been in a falling wedge since November 2024 and is now attempting a breakout. Breakout Confirmation: The price has moved above the wedge's upper trendline and is testing it as support. A confirmed...

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As we discussed yesterday, Nifty took a pullback from 22000. It has shown a good bullish signal at this level. If we look at the chart now: The market is trading at 200 EMA (15 EMA) and 50 EMA (1 H - TF), which is going to provide resistance at this level. The market is trading in the accumulation phase. If it breaks this zone, then the next resistance is a...

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Nifty has been falling continuously for a month. If we look at the structure using price action. If we look at the chart now: The market is trading near the support zone. The market might take support at nearly 22,000 levels. Price is trading far away from the EMA, which shows the market is going to take some pullback to the upside. The market is going to be...

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Looking at the structure nifty is ready to move to upside if it breaks the 200 EMA to upside and have some consolidaion with that. Important levels: 23364, 23507 Support levels: Resistance chanel, 200 EMA Plan of action: wait for market to break the 200 EMA and retrace to the channel.

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As we discussed, Bankanifty has been bullish today. If we look at the chart now: The market is trading at the resistance level. As the market has been very bullish today, it might have a consolidation tomorrow before the big bullish momentum to the upside. All important levels have been marked on the chart. Support levels : 50 EMA, 51123, 50650 Resistance...

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As we discussed, the NIFTY has been in sideways accumulation phase, it has broken to upside. If we look at the chart now: The market is trading at 50 EMA (1D-tf) and 200 EMA (4H-tf) resistance levels. Also, the market has given good bullish momentum today. Tomorrow might be a small side day. Also, the market is trading near the resistance level, which is going...