iamsaurabh533

iamsaurabh533

Looking for a good reversal at a major demand zone with volume building up

iamsaurabh533

Stock fallen in a channel pattern now trying to give a channel breakout in uptrend with a good quatre result

iamsaurabh533

Stock given trendline breakout at 759 with a good quatre result now looking for 837 which is first target

iamsaurabh533

1. Price Action The chart displays weekly candlesticks, where: Green Candles: Weekly close higher than open (bullish). Red Candles: Weekly close lower than open (bearish). 2. Range-Bound Movement The purple rectangle highlights a consolidation phase, where the stock is trading within a defined range between ₹187.67 (support) and ₹225 (resistance). This range...

iamsaurabh533

1. Price Action The candlesticks represent daily movements of the stock price. Green Candles: Price closed higher than it opened (bullish). Red Candles: Price closed lower than it opened (bearish). 2. Key Trendlines Orange Line (Long-term Trendline): This was the stock's previous downtrend, connecting lower highs from earlier price action. The stock broke above...

iamsaurabh533

1. Price Action The candlesticks show daily price movements: Green Candles: Indicate the price closed higher than it opened (bullish). Red Candles: Indicate the price closed lower than it opened (bearish). 2. Downward Trendline A black diagonal line is drawn connecting the lower highs from previous price action. This indicates a downward trend or resistance level...

iamsaurabh533

Current Price: The stock is trading at ₹4,469.65, up ₹235.50 (5.56%) for the day, indicating strong bullish momentum. Trendline Breakout: The stock has broken out of a downward-sloping trendline (orange line), suggesting a reversal of the recent downtrend. Support Levels: Strong support exists at ₹3,879.00 (blue horizontal line), which has held multiple times...

iamsaurabh533

1.Current Price: The stock is trading at ₹307.35, up ₹9.45 (3.17%) for the day. Trendline Breakout: A downward sloping trendline (orange line) connecting recent lower highs was broken on the upside. This indicates a potential trend reversal to the upside. Resistance and Support: Resistance: The stock has crossed the immediate resistance level of ₹302 (blue line)....

iamsaurabh533

1. Key Observations Price Action: The stock is trading at ₹4,474.65 as of the chart date, reflecting a positive change of +₹110.10 (2.52% increase). Trendline Breakout: A downward trendline has been drawn connecting the lower highs (orange line). The stock has broken above this trendline, suggesting a potential reversal of the downtrend. Support and...

iamsaurabh533

1.The chart shows a historical performance of the stock, with significant volatility over the years. The stock experienced a major uptrend around 2006-2008, followed by a prolonged downtrend from 2008 to 2020. 2. Key Resistance Breakout The stock has recently broken above a long-term resistance level at approximately ₹65.76 (marked by the orange line), which has...

iamsaurabh533

This chart represents Kabra Extrusion Technik Ltd. on a weekly timeframe. Here's a brief analysis: Trend Overview: The stock was in a strong uptrend from early 2021 to mid-2022, reaching higher levels with increasing volume. It then entered a consolidation phase with lower highs, forming a descending triangle-like pattern. Key Levels: Support level: Around ₹450...

iamsaurabh533

This chart shows the daily price movement of Oil India Ltd (OIL) with key technical analysis elements: Analysis: Trendline Breakout: The orange descending trendline represents a downtrend. The current price has broken above this line, indicating a potential reversal of the bearish trend. Support Level (₹463.75): The lower horizontal line around ₹463.75 serves...

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Symmetrical Triangle Pattern: The price has been consolidating within a symmetrical triangle, formed by converging trendlines. The breakout above the triangle suggests a potential bullish trend continuation. Resistance Level (₹745.35): The horizontal line at ₹745.35 acts as a key resistance, which the price is currently approaching. Volume: Noticeable volume...

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Trendlines: An orange ascending trendline connects the series of higher lows since mid-2023. This indicates a strong uptrend, with the stock consistently moving upwards. The red horizontal line represents a significant resistance level near ₹3,127.90. This is where the stock previously faced selling pressure or consolidation. Breakout Potential: The stock is...

iamsaurabh533

Trendline Breakout: The orange trendline highlights a resistance level formed by previous highs. The stock has recently broken above this resistance with significant upward movement, indicating bullish momentum. Support Level: A strong support is evident around ₹860.90 (marked by the blue horizontal line). This level has been tested multiple times in the past,...

iamsaurabh533

The chart reflects bullish momentum in Taj GVK Hotels, with a breakout confirmed by price action. Traders and investors should monitor for sustained closes above ₹337 to confirm the rally's strength, while ₹285 will serve as critical support in case of pullbacks.

iamsaurabh533

Price Trend: The stock has been in a consolidation phase in recent years after recovering sharply from the COVID-19 crash in 2020. There is a noticeable breakout attempt above a key resistance trendline (orange line), indicating bullish momentum. Resistance Levels: The horizontal line at ₹1,350 represents a critical resistance zone. This level appears to have...

iamsaurabh533

Historical Resistance Level: The horizontal blue line around the 70-72 INR mark appears to be a strong resistance level. The price previously reached this level around 2009 and again recently in 2024, indicating that this level is significant for traders. Recent Price Action: After a prolonged downtrend, the stock formed a bottom and started to recover. The...