Short Summary :
As you can see from the above levels, Wipro is currently Marching upwards.
But the thing to be noted is , It's marching upwards breaking R in addition to that its taking it's own time to consolidate.
That is ,more a stock consolidated at a particular level, the more are the chances for it to go even further with a consistent Momentum.
I have been keeping an eye on BharatForge For a while now.
Currently the price is trying to do a retest as there was a sudden impulse previously that broke the level of 378.85.
If you can Notice, later it went back to the same level where it came from by just touching the level at 386.
The immediate Support is 375.35 ,while the...
About current Scenario:
In the morning Hour itself ICICIBANK share fell till a major support that is at 338.50.
After that Buyers bought the price up till it hit the Immediate resistance which was at 355.40.
After which the stock remained in consolidation.
As there is a visible formation of Ascending Rectangle Pattern, it can be hint towards a...
As of today, TATAMOTORS GAVE A HUGE BREAKOUT, with Nifty flowing in Red.
Huge Volume breakout was seen in the morning itself, later afternoon brought a breakdown.
Important Levels to keep your eyes on:
In the daily hour Chart, the formation of a long shadow Bearish candle can be seen.
When compared to...
Check the levels on Chart for More details
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Got Rejected many time by trendline resistance.
Have been Making a triangle breakout Pattern
For BUY -
Buy above 97.45
Sell below 95.55
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LOGIC AND IMPORTANT LEVELS MENTIONED BELOW:
1-Lupin was in a bearish trend today from morning itself ,later in the afternoon , it tried to break the immediate resistance but failed miserably.
-Instead , it fell down more and is now testing the Immediate resistance.
-As you can see from the chart itself ,this stock has been in a bearish trend for a while...
SBI as on 18th June gave a Triangle Breakout.
As you can see from the charts , it was in Range for some days,later tested Support multiple times and broke down to test Major support.
Now from the Major support ,Price tested the market again,resulting in Ascending Triangle Breakout with respect to Volume breakout.
It broke yesterday's High and is Marching...
Sunpharma as of today fell and now is in Consolidation.
Majority of the Pharma sector fell down Sharply today.
This comes after it went through a huge Impulsive Phase around the last week, which gave a good Intraday returns.
Now talking about the current scenario, SUNPHARMA is currently in Correction Phase which is plotted briefly in the...
As you can see from the patterns, Stock is in Consolidation phase.
On the top of that it is forming a Ascending Rectangle Pattern.
Since VWAP is also around,a buying oppurtunity could occur if its above the Resistance and also the VWAP.
Whenever the price is in consolidation , there will always be a strong momentum towards one direction.
Would go for Long...
As of today , Nifty was in consolidation.
Whenever a price is in consolidation it will always give a huge move in the form of a breakout.
So below mentioned are the important levels.
Will Buy above 9029
else will sell below 8000.