Closing above 22629 has ensured it is a cup and handle Break Out for Nifty. Now the only major hurdle remaining between another leg of bull run and consolidation is the resistance at 22701. Once 22701 is crossed next targets for Nifty will be 22803(Major Resistance), 22910, 23047 and 23220. If the breakout fails and Nifty is not able to cross 22701 swiftly the...
Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has...
Last year after the Ukraine was there was such a panic in the market. People were selling their precious shares at whatever price they could not expecting an adverse event or a fall is an adverse event in itself. In stock market there will be ups and there will be downs...Become a long term investor in Equity. Even the chart today says JUST DO IT as Nifty touches...
Again Nifty is facing the same resistance as we have seen for the last 2 days as Nifty returned from the day's high of 22521. However the support came from the expected level mentioned yesterday i.e.22346. Most important turning point on either side can be US FED Chair Jerome H. Powell speech about Economic Outlook. (At the Stanford Business, Government, and...
As mentioned yesterday Nifty is getting trapped in a mild resistance zone after making a new ATH near 22529. This resistance zone is between 22477 and 22529. It looks like Nifty needs a little bit more consolidation to cross this zone. If this zone is crossed the next resistances for Nifty will be near 22597, 22690 and 22787. Supports for Nifty remain at 22388 and...
Nifty in a mild resistance zone after making a new ATH. After making a new ATH at 22529.95. As it did not close successfully above the previous all time high that is 22526 it has become a mild resistance. Momentum is good for it to make a new ATH tomorrow but the resistance may act again if it is not a gap up opening above the same level. In case of Nifty not able...
Nifty looking strong and my rise riding on the current momentum wave but the hurdles it needs to cross (The Resistances in the way) are 22350, 22449, 22526. The New high that Nifty can make in the current bull run can be in the range of 22597, 22690, 22787 or higher. In case some of the resistance does not allow Nifty to progress further the supports for Nifty...
We had depicted 22080 and 22180 as 2 hurdles for Nifty crossing which there can be a bullish rally. first hurdle was crossed today ut Second hurdle in the range of 22180 and 22200 remains. Today Nifty made a high of 22193 and returned from the same area due to the resistance zone indicated earlier. Crossing and closing the week above 22200 tomorrow will increase...
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Bharat Dynamics Ltd. is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), Underwater weapons, Launchers, Counter Measures Dispensing System (CMOS) and Test Equipment. The Company is engaged in the business of refurbishment and life extension of stored and deployed missiles. It...
The resistance zone between 22081 and 22180 is blocking Nifty progress currently. Once Nifty closes above 22180 bulls can call shots in the market and take it further. After crossing and closing above 22180 further resistances will be near 22301, 22449 and 22526. On the lower side supports for Nifty are near 21882, 21710 and 21544. Nifty is interestingly placed...
Bitcoin has been trapped in a downward descending channel since March 14th 2024. It is continuously struggling to hold ground and important supports. Right now it is struggling to climb above 50 hours EMA (64612) indicating weakness. Even if 50 hours EMA is crossed there is channel top and 200 days resistance near 66072. In case Bitcoin is not able to cross and...
VST Tillers Tractors Ltd (VTTL) is promoted by the VST Group of Companies, a well-known business house in South India, in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines. Presently, the Company is engaged in manufacturing and trading of trading of...
BEML Ltd. is the leading manufacturer of heavy earth moving equipment in Asia and an Indian Public Sector Company under the Ministry of Defence, Govt. of India. It is a Mini Ratna Public Sector Enterprise, operating in three distinct business verticals namely Mining & Construction, Defence & Aerospace and Rail & Metro. BEML Ltd. CMP is 3091.05. The Negative...
Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has...
For last few weeks we have been looking at indices. By the study of a particular index we then try to determine about investing in components of that index or the stocks that from that particular index. In the series we will today have a look at PSU Bank Index. PSU Banks and the index of PSU bank consisting of banks like Bank of Maharashtra, Canara Bank, CBI,...
After making a low of 21710 yesterday has made a good comeback in one and a half session closing the day at 22011. Now Nifty is staring into a strong resistance zone. The resistance zone starts from the high of today. i.e. 22080 and ends at 22206. This zone consists of trend line resistance and mid channel resistance as well. Closing this week above 22206 will...
Nifty took a trend line support at 21710 while trying to form a bottom. If the bottom is confirmed tomorrow and we get a few positive candles while closing the day or week above 22042 some bullishness can return to the market. In case the level of 21710 is broken the next support level is near 21524. In case we get a closing this week above 22042. Further...