yogeshwar

yogeshwar

Topic Statement: Jio Financial Services is cooling off slowly after its stellar debut in the stock market, facing selling pressure and trading in a down-trending channel with strong support at 300. Key Points: 1. The stock is facing selling pressure after its stellar market debut. 2. Price is moving downwards in a well-defined down-trending channel. 3....

yogeshwar

Topic Statement: HDFC AMC is subdued in a range of 4100 to 4600, with a wedge pattern signaling a potential breakout that could dictate its next directional move. Key Points: 1. A wedge pattern formation indicates a breakout could lead to a significant price movement. 2. Strong support at 4200 and resistance at 4500 shape the stock's current dynamics.

yogeshwar

Topic Statement: Apollo Tyres is trading in a range of 440 to 570, offering distinct accumulation and distribution zones ideal for swing trading and option writing strategies. Key Points: 1. The stock is confined within a defined range of 440 to 570. 2. Clear accumulation and distribution zones provide opportunities for swing trading. 3. The range-bound...

yogeshwar

Topic Statement: Voltas is on a bullish trajectory, moving in an up trending channel with crucial support at 1600, offering a buying opportunity near the 180-day moving average. Key Points: 1. The stock is steadily moving in an up trending channel, reflecting a bullish trend. 2. 1600 is a critical support level where the price has stabilized. 3....

yogeshwar

Topic Statement: LICI's stock price has taken a severe beating, now oversold and trading in an accumulation zone around 900, which aligns with the 50% retracement level and lies below the 180-day moving average. Key Points: 1. The stock is trading in an accumulation zone around the crucial 900 level. 2. 900 corresponds to the 50% retracement level,...

yogeshwar

Topic Statement: ZOMATO is on a steady bull run within an up-trending channel, offering accumulation opportunities near the 180-day moving average despite struggling to sustain above 300. Key Points: 1. The stock is moving steadily in an up-trending channel, reflecting bullish momentum. 2. Accumulation is recommended when the price approaches the 180-day...

yogeshwar

Topic Statement: LTIM recently broke out above 6500 but faced a sharp dive during last week's market correction. Key Points: 1. The stock's breakout over 6500 was reversed by a significant price crash during the market correction and the price has created a gap as it moved downwards. 2. Trading under the 180-day moving average signals oversold conditions. 3....

yogeshwar

Topic Statement: HCLTECH is on a bull run, moving in an up-trending channel, but overbought conditions may lead to a correction pending upcoming quarterly results. Key Points: 1. The stock is rising within an up-trending channel, indicating strong bullish momentum. 2. The price is overextended above the 180-day moving average, signaling overbought...

yogeshwar

Topic Statement: BankNIFTY has fallen alongside NIFTY as major bank stocks slipped, creating buying opportunities near key support levels. Key Points: 1. The price is near the lower end of the up-trending channel, ideal for buying. 2. The price is touching the 180-day moving average, offering a strong entry point. 3. Gaps formed during the fall suggest...

yogeshwar

Topic Statement: NIFTY has been on a falling spree this week, with the market declining daily but showing signs of support at the trend line. Key Points: 1. The price is taking support at the trend line, indicating potential stabilization. 2. The price is below the 180-day moving average, creating oversold conditions and a buying opportunity. 3. Multiple...

yogeshwar

Topic Statement: Lupin faces selling pressure after reaching its lifetime high in 2024, with the price slowly declining in a channel. Key Points: 1. The stock price is falling within a down-trending channel. 2. The price is nearing the 180-day moving average, presenting a good buying opportunity at or below this level.

yogeshwar

Topic Statement: Axis Bank faces selling pressure near the 1130 distribution zone, with potential to fall to 1000, a crucial support level. Key Points: 1. The stock is in the distribution zone around 1130, with repeated testing of this level increasing the risk of a breakdown. 2. A gap at 1060 from April 2024 may be filled soon, indicating further downside. ...

yogeshwar

Topic Statement: TCS is moving in a bullish direction, with resistance at 4500 and opportunities for channel trading. Key Points: 1. The stock is trending within an up-trending channel, signaling continued bullish momentum. 2. A key resistance level exists at 4500, which may limit short-term gains. 3. Ideal buying opportunities are near the lower end of the...

yogeshwar

Topic Statement: HDFC Bank is moving in a mildly bullish trend after breaking above its critical resistance level. Key Points: 1. The stock has successfully breached above the 1700 price barrier, a significant resistance level. 2. The price is trending within an up-trending channel, sustaining its bullish momentum. 3. The stock is expected to remain bullish...

yogeshwar

Topic Statement: Infosys has been on a strong bull run since July, driven by robust quarterly results. Key Points: 1. The stock is approaching a major resistance level at 2000, with a potential breakout on the horizon. 2. Ideal buying opportunities exist in the accumulation zone near the 180-day moving average.

yogeshwar

Topic Statement: ICICI Bank has been rigorously bullish since the 2020 market correction, with strong upward momentum. Key Points: 1. The stock price is moving within an up-trending channel, ideal for buying at the lower end and selling at the upper end. 2. A triple top candlestick pattern is forming, signaling a potential breakout and further bullishness.

yogeshwar

Topic Statement: HDFC Life is experiencing minor selling pressure despite NIFTY's sharp correction. Key Points: 1. The stock has formed a head and shoulders pattern, indicating potential weakness. 2. The price is moving within a down trending channel, reinforcing bearish sentiment. 3. Currently the stock is taking support at the 50% retracement level. It...

yogeshwar

Topic Statement: BEL is recovering from its bearish phase but faces potential resistance ahead. Key Points: 1. The stock recently broke out of its downtrending channel, signaling a bullish recovery. 2. A reversal is possible near the 330 mark, where a double top candlestick pattern may form. 3. A recent upward gap suggests the price could retrace to fill it...