Key Observations:
Downward Channel:
The price is moving within a defined downward-sloping channel, indicating a bearish trend.
The upper boundary of the channel near 570 INR is acting as resistance, while the lower boundary could act as support.
Fibonacci Levels:
The price is currently near P Fibonacci support (~510 INR).
A breakdown below 510 INR could lead to...
The chart shows Bank of Maharashtra in a consolidation phase between 51 INR (support) and 72 INR (resistance). The MACD indicates bearish momentum with a negative crossover and histogram. Price is near the S1 Fibonacci support level, and a breakdown could lead to lower supports (S2 or S3). Watch for reversal patterns like hammer or bullish engulfing at support...
Tata Power is consolidating between 370 INR (support) and 470 INR (resistance). The MACD shows bearish momentum with a negative crossover and declining histogram. If 370 INR breaks, the next major support lies at 336 INR.
The weekly chart of Tata Power indicates a consolidation phase, with the stock trading between 370 INR (support) and 470 INR (resistance)....
Trend Analysis:
Current Price: ₹145.42 (as shown on the chart).
Trend Direction:
The breakout from the descending wedge earlier suggests bullish momentum. However, the price has been consolidating in a sideways pattern recently, indicating indecision among traders.
A strong support level is evident near ₹140–₹144.
Support and Resistance Levels:
Immediate Support:...
