#PETRONET 238 Breakout at ATH and Retested TGT 275 and open for above SL Not Applicable Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong....
look for buy when price test this demand Zone. I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on...
LALPATHLAB cmp 2295 sl 2160 tg- 2344/2400/2460 . . . . . . . . . . . . . This level is only for education purpose
"JSW Steel has broken its all-time high today, ranging between 816 and 770. If you can get this share at any price within this range, you can consider investing in it, as it is expected to provide excellent returns in the near future."
this stock is showing strong bullish pressure.. multiple times facing the resistance 2420-2425 range if price breaks this range...will see a good upside movement. keep in long side...
Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities. Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to...
The stock is trending downwards.... we have a strong demand zone at 2360 level... when price comes here...look for buy... we have a continuation bullish gap also be in the middle...take a look at this level as well.. both together may acts as support....
RELIANCE - The stock has started an impulse downside. As long as price is below 2583, the bearish count would remain intact and a strong fall could be seen next in the wave 3. This idea is based on the Elliott Wave Theory. Manage any Investment/Trade with caution and risk management.
NSE:RELIANCE NSE:NIFTY MAJOR STOCK DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose. Reliance is bullish in the higher timeframe like Weekly / Monthly but still we have seen some profit booking in the past sessions due to which we have seen some bearish movements in the smaller...
RELIANCE INDUSTRIES is the King of the Indian Stock Market and everyone knows about what role Reliance plays in India. RELIANCE Stock has been in a consolidation since more than 2 years and is now trying to Breakout. Let us first know about its Basic Fundamentals. Profits are rising every year which is the most important point. Balance Sheet is growing year on...
NSE:RELIANCE One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Head and Shoulders Pattern: This is a popular chart pattern in technical analysis that can indicate a potential trend reversal. It consists of three peaks: a higher peak (head) between two lower peaks (shoulders). It suggests that the stock's price might change direction from an upward trend to a downward one. Left Shoulder, Head, and Right Shoulder: These refer...
-breaks the RESISTANCE,and come back and test it(PULLBUCK) -sign to sell -target 1 : 2440.30 -target 2 : 2414.25
After a strong trending movement from few weeks, price is near its resistance level, now it is in the form of Head and Shoulders pattern..which is a reversal pattern.. wait until price breaks the Neckline and retest...then will enter for Short side... keep track this for Short side, if breaks neckline...until wait and watch.
• The highly anticipated demerger of Jio Financial Services Limited is currently underway, and on 20th July 2023, Reliance shares finally went Ex-JFSL. • According to brokers' estimates, the per share price of JFSL was expected to be around 190. However, the market-derived valuation has exceeded expectations, reaching 261.85. This indicates that people have high...
Observations:: previous resistance is acts a support and the price is moved up... a strong fall is noticed from the zone 2580-2570, price broken this zone with strong momentum, and tested again..keep on buy side until this breaks. if price is not able to move upside again from this zone will go for side... A demand zone is observed at 2540 level... if...
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...
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.