Good volumes, trend line breakout, resistance became support, good to go.
HDFC Bank Faces Rejection at Daily Resistance, Potential Retracement to 1580 Support. Strong Daily Candle Closure Highlights Possibility, But Bullish Breakout Could Invalidate Expectations.
Reliance has retraced to a significant hourly resistance level. There is now a potential for an upward breakthrough, aiming to revisit the previous swing high formed on the daily timeframe near 2760. However, it is crucial to await confirmation of a breakout before assuming this formation.
17x PER 1 year share perf 45% amazing Story technically as soon as it crosses 338, next stop is 450 !!
Based on the provided chart analysis, here is a revised summary of the current market situation: On the daily timeframe, the market formed a perfect Doji candlestick, indicating indecision among market participants. It opened within the previous day's high and fell to 45000, where it found support and staged a recovery in a V-shaped pattern. The market then...
A 5-wave rally from 18650 is seems to be over right now. Target of 19250 is quite possible.
Sensex is in the final stage of its cycle wave rally. In the very short run, it may drop towards sub 62k and then rise towards 80k+ towards end of the year 2024. Ultimately, we may see 90k+ till mid 2024 to finish its cycle degree wave III or V.
Based on the daily timeframe chart, it is observed that every time Bank Nifty has attempted to break its all-time high, it has either halted or formed an inside bar. Furthermore, the recent volume levels are the lowest seen in months. When comparing the trendline drawn from the last low of 16 march to the volume, it is evident that the volumes are decreasing. This...
Break of downtrend since 2021. Emerging market, leveraged.
looks like asian paint chart has just given breakout and 3400 looks like cake walk for stock.
Shree Cement(stock symbol: SHREECEM) has been forming an ascending triangle pattern since April 2022, but recently it broke the pattern with a gap down. However, it managed to recover and is currently retesting the lower trendline. During this retesting phase, the stock is forming dojis, which could potentially act as a trigger for a further move. To implement a...
Bank of Baroda(stock symbol: BANKBARODA) has been trading within a triangle pattern since December 2022, but it has recently broken out of this pattern. During the triangle formation, the stock tested the lower trendline six times, and each time it tested, a substantial rally followed. On June 19, 2023, the stock broke above the upper trendline with decent...
Astral Ltd (stock symbol: ASTRAL) initiated its rally on March 29, 2023, and has witnessed a remarkable return of approximately 52% as of today, June 29, 2023. Currently, the stock is consolidating at an all-time high and is poised to make a decisive move either upwards or downwards. The Relative Strength Index (RSI), which had previously indicated an oversold...
National Aluminum (stock symbol: NATIONALUM) experienced a significant decline from its peak at 127, dropping down to 67. However, it found support at this level and formed a double bottom pattern, with the second low also at 67. Subsequently, the stock began a slight upward movement but has remained within a channel pattern since August 2022 until today, 29th...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
NSE:JSWENERGY From March-2023 Stock is taking rejection from bottom trendline and on the upper side sellers are trying to sell it around 275-277 levels (resistance zone). However, the swing lows are shifting up side (Higher lows) which is a sign of strength, sellers are not able to drag it below previous swing. Currently it has taken support on the trendline...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
🔍 Overview 🔍 DCMSHRIRAM, has been facing strong resistance at the 910-920 level since November 2022. Interestingly, the 910 level has been acting as both support and resistance since June 2021. Today, we witnessed a breakthrough of the 910-920 level with a significant surge in volume. This breakout occurred on the weekly and daily charts, making it a crucial...