yogeshwar

yogeshwar

Topic Statement: Britannia is maintaining its upward momentum as the stock continues to trade within a bullish up-trending channel. Key Points: - Price is moving in an up-trending channel, making it suitable for channel-based trading strategies. - The stock recently retraced to the 38.2% Fibonacci level at 4800 and received strong buying support at that...

yogeshwar

Topic Statement: Eicher Motors is in a strong bullish momentum and has remained unaffected by the recent market correction. Key Points: - Price is moving within a bullish up-trending channel, indicating strength. - The stock mostly trades above the 180-day EMA, reinforcing its bullish trend. - Stock can be accumulated near the lower band of the channel using...

yogeshwar

Topic Statement: Maruti has maintained its bullish momentum despite the broader market correction, supported by its strong up-trending channel. Key Points: - Price is moving within a well-defined up-trending channel, making channel trading favourable. - The stock is taking support at the 23.6% Fibonacci retracement level at ₹11,300. - Price is currently close...

yogeshwar

Topic Statement: Infosys has witnessed a deep correction and is currently trading in an extremely oversold zone, indicating a possible pause or reversal in the downtrend. Key Points: - Price is attempting to hold above the 38.2% Fibonacci retracement level at ₹1436. - Trading below the 180-day EMA signals an oversold condition. - Weekly Money Flow Index (MFI)...

yogeshwar

Topic Statement: Reliance has undergone a healthy correction in line with the broader market and is showing signs of a potential reversal from key support levels. Key Points: - The stock is taking strong support at the 38.2% Fibonacci retracement level near ₹1147. - Candlestick pattern indicates the formation of a potential double bottom. - Price is trading...

yogeshwar

Topic Statement: Trent has witnessed a major correction along with the broad market decline but still remains overbought indicating further downside risk. Key points: - Stock retraced to the 50% Fibonacci level and found support near ₹5000. - Price is moving within a well-defined down-trending channel. - Despite the correction, price is still significantly...

yogeshwar

Topic Statement: Indian Hotels Company has shown resilience during the broad market correction, though a breach of the long-term trendline indicates a shift in trend. Key Points: - Long-term up-trendline has been breached, signaling a trend change. - Candlesticks are moving in a down-trending channel. - Stock often finds support and bounces back up near...

yogeshwar

Topic Statement: Max Healthcare has remained resilient to the broad market correction but has shifted trends after breaching its long-term trendline. Key points: - The long-term trendline was breached, indicating a shift in trend. - Candlesticks are moving within a downtrending channel. - The stock frequently bounces back when approaching the 180-day EMA.

yogeshwar

Topic Statement: OFSS has undergone a major correction in line with the broad market downturn after breaking down from its uptrending channel. Key points: - The breakdown from the uptrending channel triggered selling pressure and a sharp correction. - The price has taken strong support at 7,000. - The stock is trading below the 180-day EMA, making it oversold.

yogeshwar

Topic Statement: BankNIFTY has shown resilience compared to NIFTY during the market correction but has entered a mildly downtrending channel after breaching its long-term uptrend line. Key points: - The breach of the long-term uptrend line indicates the end of the bullish pattern. - BankNIFTY is moving in a mildly downtrending channel. - A breakout on...

yogeshwar

Topic Statement: NIFTY has been in a correction since October 2024 but may be at a reversal point as key technical levels indicate potential trend shifts. Key points: - NIFTY has retraced 23.6%, a level that has provided strong support. - The medium-term downtrend line has been breached, signaling a possible shift to sideways or upward movement. -...

yogeshwar

Topic Statement: LTIM has corrected along with the broad market correction and is currently trading in a sideways range, with key support and resistance levels defining its movement. Key points: - The stock is moving in a sideways range between 4000 and 6000. - Price has received heavy support at the 50% retracement level previously and is currently at...

yogeshwar

Topic statement: Dixon was on a strong bullish streak, becoming overbought, and has finally faced a correction after breaching its up trendline, leading to increased selling pressure. Key points: - The up trendline was breached, triggering selling pressure. - Price has taken support at the 38.2% retracement level. - The stock is still above the 90-day...

yogeshwar

Topic Statement: Aether, a relatively new stock listed in 2022, is trading in a sideways channel with defined accumulation and distribution zones, awaiting a breakout for its next move. Key points: - Stock is moving in a well-defined sideways channel. - There are distinct accumulation and distribution zones. - A breakout on either side of the channel will...

yogeshwar

Topic Statement: IndusInd Bank has faced a massive selloff following accounting discrepancies in its derivatives portfolio, pushing the stock into oversold territory. Key points: - Stock has broken the 61.8% retracement level, indicating the selling pressure may continue until a full 100% retracement towards Rs 243. - Price has overextended below the...

yogeshwar

Topic Statement: TCS has seen a sharp correction in recent months, with the stock finding support at the 3500 level while trading below the 180-day EMA, indicating oversold conditions, further confirmed by a highly oversold weekly MFI. Key points: - Stock takes support at the 38.2% retracement level - Price is below the 180-day EMA, marking it as oversold ...

yogeshwar

Topic statement: MRF has experienced a sharp correction in recent months, with the stock finding strong support at the retracement level and indicators are giving an oversold opportunity. Key points: - Stock has corrected to the 61.8% retracement level at 1,08,000, providing strong support - Strong support is also seen at the emotional level of 1,00,000 -...

yogeshwar

LTIM has been trading in a well-defined range since its 2021 bull run, with strong support and resistance levels dictating its movement, between 4000 and 7000. Key points: 1. The stock faces heavy resistance at 6800, as the 23.6% retracement level acts as a strong barrier. 2. Price consistently finds support at the 50% retracement level and has bounced back...