DATED 20.05.2025 ***Good morning *** 🔹 Nifty – CMP: 24,945 (Spot Level) Indicators: PCR: 0.61 | RSI: 63 bullish Resistance: 25,280 Support: 24,830-772 Bank Nifty – CMP: 55,420 (Spot Level) Indicators: PCR: 0.87 | RSI: 61 Resistance: 55,703, 56,106 Support: 54,444 📉 Nifty Outlook:Nifty crossed major resistance 24830 now next 25280 soon. 📉 Bank Nifty...
Crude oil is on bounce, As per chart Crude is showing divergence with morning start. It is at demand zone and add more if come down to 4900 level. It may test minimum 5522 level soon.
YES Bank Breakout Alert YES Bank has recently shown a strong breakout supported by high trading volume, following news that Japan's Sumitomo Mitsui Banking Corporation has received RBI approval to acquire a 51% stake in the bank. From a technical standpoint, the chart structure indicates a bullish trend on higher time frames. If this breakout holds as genuine,...
TATA motor is at support for reversal. As per chart it from Inverse H&S pattern on monthly chart. It is also taking fibbonacci level 78.6% support at 550. It can long and add more if come down on any correction up to 550 level. As per chart may test 990+ soon.
Adani energy Solution is in bullish Momentum mode. It gave marubozo candle with higher volume on dated 27.03.2025. It also traps the retail investors with operator candle on date 07.04.2025. Stock is in Demand zone as per chart It may test 1090 (20%) and 1255(36%) gain soon.
SBI form Inverse H&S pattern. Today gives break out of neckline 780. SBI is at demand zone add more if come down to 780. Close below 760 would be the violation of this pattern. As per chart it may test 785-807 soon. As per OI data on dated 17.04.2025 there is considerable OI shading on CE side and OI build up on PE side. Stock is in good momentum as upper...
As per chart analysis stock is trading in LL & LH pattern. It is facing resistance at 78.6%. Candle pattern showing evening star pattern which is sign correction. It may test 580 soon.
Bajaj fin. is trading in Flag n pole pattern. Break out done near 8000 level. As per chart target for this patten would be 10500 and 11850 soon. It is at demand zone can add more on any correction.
Fino payment bank is on bullish reversal mode. As per chart it forms double bottom pattern with divergence and also showing confirmation of morning star on monthly chart. It may test level 444 soon, 80% returns.
ICICI Bank is done the Flag n pole Break out. Break of 1360 level done with break out gap. it is bullish sign. As per chart is in bullish momentum mode with Bolliger upper band test. It may test 1515 in 1-2 months view.
MRPL:- It is showing reversal from support level of 100. (100 is also a psychological level). It forms Bullish engulf candle at fibbo level 78.6% which is sign of reversal. This engulfs candle may convert soon in Inv. H&S pattern. As per chart it may test minimum target of 230 soon which is 64% rise from here. After cross and sustain above 150 it may take speed.
RCF is forming evening star candle stick pattern on monthly chart. As per chart it may test 240 soon as it is previous high level. Returns around 78%. As per report upcoming monsoon session will be better than expectation. It is in Demand zone can long it for next 2-4 months.
Ramco Cement as per chart is trading on triangle pattern. As per indicator stock is bullish and ready for breakout. Major supply zone is 1010. After crossing this level, it may give massive move for considerable gain. It can accumulate here add more after breakout.
Showing strength in weak market. Analysis: -As per chart SBI card took proper support at 78.6% level and reversed. Moreover, it given break out of major trendline level 785. It is showing strength after retest of break level 785. as per chart it may test 1025 soon.
BSE form evening star on monthly chart. It is bearish sign. It may correct brutally from 4980-5200. lower-level targets would be 4200 and 3200
Zomato is weak on monthly and weakly chart. It forms Fake breakout with double top pattern on monthly chart. As per chart showing weakness on daily chart also as RSI drag below 40. It can short on any rise or here for target 170 soon.
Bitcoin chart is weak now. weakly RSI below 60 MACD also negative. Double top pattern form and correction showing. As per chart it may test 76076 soon. It can short on any bounce up to 92000. These is Neckline place near 76076 of Inverse H&S pattern. It would be retest of neckline.
Nifty has been corrected 17% from top. As per chart index is in oversold condition on daily chart. There is still space for downside lower levels for support would be 21800 and 21222.