On this chart, there are special lines called "Fibonacci levels," which help guess where the price might stop or change direction. Here's the easy part: Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling). Blue Arrow: This arrow suggests that the price might...
Simple explanation: Candlesticks: Each candlestick shows the price of the stock for one day. A green candlestick means the price went up that day, and a red one means the price went down. Fibonacci Retrenchment Levels: These horizontal lines are like checkpoints, showing important price levels where the stock might stop and change direction. Think of them as...
If the price moves up, you could gain around 10% to 20%, but if it goes down to 208, you may lose some.
Nifty Simple Explanation Falling Wedge Formation: The chart shows a falling wedge pattern, which often signals a potential bullish reversal if the price breaks above the upper trendline. Order Block (₹24,500–₹25,000): This zone represents strong supply or resistance. If the stock rallies, it may face selling pressure here, but reaching this area could mean a...
Downtrend Correction : The stock has been falling from recent highs but is near key support (~₹412). Descending Trendline : Price is trying to break above the downward sloping line; a breakout could signal a bullish reversal. Fibonacci Targets : Potential upside targets are around ₹485, ₹506, and ₹557 if the breakout holds. Risk Level: A break below ₹412 support...
Trend: Downtrend but near support. Support Zone: ₹4,955 – ₹5,090 (price bounced from here). Resistance Levels: ₹5,317 (immediate), ₹6,000 (major). Breakout Potential: If price stays above ₹5,317, it may rise towards ₹6,000 (+17.43%). If it breaks below ₹4,955, further downside is possible. Conclusion: Watch for price action near ₹5,317. A strong breakout...
Understand the chart: Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down. Lines with percentages: These are like checkpoints to see how much the price has moved up or down. Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows...
Paytm (NSE) – Technical Outlook Pattern: Falling wedge (bullish reversal). Support Zone: ₹710 – ₹724. Resistance Levels: ₹774 (immediate), ₹1,062 (major), ₹1,271 (ultimate target). Breakout Scenario: Above ₹774 → Possible rally to ₹1,062 (+26.53%). Above ₹1,062 → Further upside to ₹1,271 (+41.05%). Bearish Risk: If ₹710 breaks, downside pressure may...
Key Points: Downtrend: The stock is moving down but is near strong support (green lines). Breakout Possible: If it moves above ₹144.70, it may go up to ₹149.04 and then ₹166.90. Resistance: The red trendline is acting as a hurdle. A breakout above it can push the price higher. Risk Level: If it falls below ₹127.65, the downtrend may continue. Potential...
Key Observations: Downtrend: The stock has been falling for a long time. Support Level (Green Lines): The stock has reached a strong support zone around ₹988 - ₹1,043, where buyers are stepping in. Bounce Back: The stock has given a small green candle, indicating some buying interest. Target Level (Blue Line - ₹1,204.20): If the stock continues to rise, it...
Taken multipleX days of liquidity and gap up support as of now. It can move above 264 stop loss below 250 target 280/303/353++ #JioFinancialServices
TATASTEEL's potential price movement: Support Zone: ₹124.30 (price may bounce up). Resistance/Target Zones: ₹160 (21.84% gain) and ₹183 (40.88% gain). Risk: Below ₹124, it may drop to ₹112 or lower. Analysis: If it holds above ₹124, it has good upside potential; otherwise, risk increases.
Support: Horizontal green dotted lines at 158.21 and 168.50 mark previous price levels where the market showed buying interest. Resistance: Horizontal red line near 240.00 marks a level where the price faced selling pressure in the past. Summary of the Trade Setup Trade Type: Long (buy). Entry Price: Around 199.48. Stop Loss: Near...
Fibonacci levels, which help guess where the price might stop or change direction. Here's the easy part: Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling). Blue Arrow: This arrow suggests that the price might go up. Price Increase Note: The chart says...
Its just seems Great! & taken support from major levels, DO WATCH ABOVE 217/MO TGT 242/266+,
Taken multiple days of liquidity and gap up support. It can move above 309 stop loss below 297 target 323/333/355+ #JioFinancialServices
Multiple order blocks in multi time frames stock since potential to moving around 30% in upcoming trading sessions.
Important Risk-Reward Ratio The gray zone shows where price is "testing" support or resistance. If the price breaks above this zone, it could move upward quickly. The Fibonacci lines act as guidelines for where the price might go.