This updated chart of Biocon Limited (NSE: BIOCON) on the daily timeframe provides a fresh look at the stock's price action as it navigates crucial support and resistance levels. Resistance Zone: The stock has once again approached a major resistance level around ₹380, marked by the purple horizontal line. This level has previously acted as a ceiling, with price...
Prism Johnson Ltd is displaying a promising setup with a symmetrical triangle pattern on the daily chart. The stock has been consolidating within this formation since November 2022, with the price action tightening as it approaches the triangle's apex. Today, the stock has shown a strong move, closing at ₹175.70 with a significant increase in volume, surpassing...
Sequent Scientific Ltd. has formed a classic Inverse Head and Shoulders pattern on the daily chart, indicating a potential bullish reversal. The stock has broken above the neckline with strong volume, suggesting upward momentum. The next resistance levels to watch are INR 160 and INR 180, with a potential target of around INR 200. Traders could consider entering...
In this analysis of ImagicaaWorld (NSE: IMAGICAA), the stock has recently broken out of a key resistance level of around INR 91.83 after a period of consolidation. The breakout is accompanied by a significant increase in trading volume, indicating strong buying interest. The stock is now retesting the breakout level, which aligns with the...