Burger king is consolidating for a time and has also formed a double bottom. Chart pattern and MACD single are showing some trend reversal sign means single for a bull run. Buying zone - 130 or below Targets - 150 ,170, 170+ FAQ - What are Double top and double bottom? Answer - Double top and double bottom are reversal chart patterns observed in the technical...
In recent years TATA Motors has given a negative return and it is one of the most underperforming stock in the NIFTY. But after having a long time frame view and recent parallel channel breakout with an immense amount of volume (in Billions) that has never seen before, the stock seems too promising. So, there is a very good buying opportunity in long and as well...
After immense selling pressure and lots of accumulation, IPCA lab is ready for a Bull run. It has formed a triangle breakout pattern on 30 min time frame and +. Buying Area - 2200 And below Target - 2400, 2400+ Checkpoint - Selling Zone/Reversal zone This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Mindtree is trading near its previous resistance (1600), as the market is hitting a new high and near (ATH), there is a good probability of another breakout (Upside) in Mindtree targeting 1700 levels. Buying zone - 1520 -1600 Target - 1700, 1700+ This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Dixon has seen a massive uptrend and also in the upper band of RSi (80) and also formed bearish engulfing, so in short term, we can see a good correction. What is bearish engulfing? - A is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick...
We have seen in the past, whenever the nifty has come near or touched the RSI upper band (80), the market has seen a sharp correction. From the past few days, Nifty 50 is making new highs and putting the market in an overextended zone. So there is a good possibility we can see some good corrections. This analysis is done only for educational & intelligence...
Reliance formed a symmetrical triangle in the higher time frame. In the long term, the stock has consolidated a lot and there Are good chances we can see some big moves. Buy above - 2050 - Target - 2180 , 2280 , 2300+ Sell Below - 1930, Target - 1830 (This is short term selling, that's why I haven't mentioned "Sell" in the chart) This analysis is done only...
As the markets are making new highs, Reliance is still struggling to position itself. In fact, it is breaking down. Previously Reliance has shown reversal near 1800 and again it's trading near that level, do this time it will reverse or will retest 1600? This analysis is done only for educational & intelligence purposes, invest or trade at your own risk
Today NIfty hits ATH but for Bank Nifty, It's a still long way to go ( 7% + from its ATH), although Bank Nifty broke parallel channel on the day frame chart. This analysis is done only for educational & intelligence purposes, invest or trade at your own risk
As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near. So the reason why I think its a Bull Trap- (Just my thought) 1) No negativity around it 2) Stock already corrected and consolidated a lot 3) Earning is near 4) Big player breaking...
(Breakout+ Consolidation) became a general trend for NSE:SBICARD . In recent terms, the stock has consolidated a lot and has formed a parallel channel taking support at (800) and resistance at (870) . So breakout is possible Support- 800 Resistance - 870 This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern). Here, by Nifty I.T analysis I am referring to I.T stocks Eg: NSE:TECHM , ...
As I talk about key resistance in my last analysis, the stock today has breached that resistance, and chances are it will build more onto that. Alongside on day chart volume also looks also convincing. Buying Level - 300 or CMP Target - 320 (previous High) This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
It's a recently listed stock and forming some sort of support near (300). It has accumulated a lot. For long position entry, enter after triangle pattern breakout, and for shorts position, enter after it breaches All Time Low (ATL). Entry :- Long - After the triangle breakout Short - After it breaches ATL (All Time Low) This analysis is done only for...
Adani Enterprises Has Formed A "Parallel Channel" Pattern By Taking Support At (270) And Resistance At (305). It Has Also Shown A Intense Pullback When It Retested Its Support. Support - 305 Resistance - 270 Checkpoint/STT - 305 ("Checkpoint" Are Those Areas, Where Trend Reversal Is Possible. This Analysis Is Done Only For Educational & Intelligence Purpose,...
After Jindal Break Down Intensly, It Has Entered Into A Some Type Of Congestion Zone And At The Same Time It Has Shown Some Reversal In 1 Day Time Frame. Congestion Zone Range - 160 - 175 Buy Above - 175 Sell Below -160 Short Term Target - 200 This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
After Breakout Reliance Consolidated A Lot, If It Has To Bounce Back, This The Region Where It Has To. Reliance Follow A Trend - After Breakout It Re-tests It Support (Resistance Before Breakout). If It Bounces Back Buy Zone -2160-2200 This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Parallel Channel Formation In M&M, Look Good For Buying And Selling After Support And Resistance Is Taken Away . Buy After - 655 Sell Below - 595 Median Support - 630 This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.