This is a risky analysis I was trying to fit patterns here but couldn't fit any and the best fit I got was The cup and handle and which might not be right here but it looks more likely to be good and the analysis is that the market is more likely to go up if external factors don't affect them. I've set up the targets for both Bullish and bearish market. You can...
This chart analyze the fluctuation zone of the stock in which it may render most of the time in the current time but As the PE ratio of the company is 59rs which is too high and the company is currently so much overvalued that more chances are that the prices may drop and the there would be a significant difference. for short term I analyzed the chart and it has a...
In this chart I've shown The white lines as support and resistance. once there is a breakout on either side The red and green lines are the targets on each side. But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side. Analysis Dated on 30/12/2022 So, the BULLISH trade would be: Buy: 151 (if clear breakout) Target-1:...
Here I've provided both possibilities for the bank-nifty going bullish or bearish with their corresponding support and resistance levels. Though the EMA is pointing bearish its more likely to go bearish. But let's see what happens on Monday (02-01-2023). Also I'm open for any corrections or suggestions you'd like to share with me.
Here are given both options for Buying and selling please act accordingly Book the profit between the yellow lines And please Do notify me if I'm doing anything wrong
If the price breakouts 132(yellow line) It can lower till 119 Please correct me if I'm wrong with anything SELL: 132-130 SL:134 BUY: 119
If the chart crosses the yellow line the Price could go Bullish to the previous resistance BUY: 51-53 SL: 45 TARGET: 62/64 And please do correct me If I'm making a mistake somewhere