Stock seems to be in a very good buying and could potentially witness an upside rally. Reasons are stated below : 750-780 is a very strong support zone. Doji candle formed on daily timeframe. 200EMA support on daily timeframe. 50EMA support on daily timeframe. Stock is in an uptrend. Higher-high formation. TARGET : 848 // 911 // 975 // 1130 // 1342 SL...
Stock price has taken a very good support at crucial level i.e 580. formed a strong bullish dojo on daily timeframe. Currently, price is trying to retrace and possibly form a 'W' pattern with a higher high. 590 is a very strong support on monthly timeframe. formed a bullish engulfing candle on monthly timeframe. TARGET : 657 // 696 // 760 // 848 SL :...
This stock looks good for a swing trade. Reasons are stated below : 1566 levels acted as a resistance but the price broke that level and now its retesting the same. Formed a morning star pattern on daily time frame. 0.5 level Fibonacci support. 50EMA support on daily time frame. target - 1950 stoploss - 1508
This chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory. Reasons are stated below : price tested 168 levels twice on weekly tf and finally has come down to retest after a strong...
Strong breakout on weekly TF formed a flag and pole pattern which is a continuation pattern a strong up move expected after a thorough consolidation SL - 1856 TARGET - 2300 // 2320
We can see a very good buying opportunity in NAZARA TECHNOLOGIES . The reasons are stated below : 750-770 zone was tested multiple times and finally it broke and is now retesting it 0.382 Fibonacci support Price action formation - higher highs Double bottom pattern on higher timeframe (500 zone) Targets - 926 // 1066 // 1345 // 1681 StopLoss - 730 on...
PIDILITE INDUSTRIES looks good for a swing trade. This stock is a fundamentally strong and is now available at a discount as per technicals. The Reasons are listed below : Strong support at 2250-2300 levels. Formed a strong bullish engulfing candle on weekly timeframe. 0.382 Fibonacci support. Broke falling wedge pattern i.e a bullish sign. Holding onto...
BALRAMPURCHINI seems to be in a very crucial buying zone. The reasons are listed below : Stock price tested 411 levels multiple times and finally broke it and it is retesting those levels again. Broke the ascending triangle pattern i.e a bullish sign. 200EMA support on daily timeframe. Stock was in a consolidation phase from last 1.5 years. ...
Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below : stock is in a uptrend and corrected till the 0.618 zone (golden zone) 50EMA support in daily TF created a 'W' pattern a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles) Stock could easily move unto 193-198.65 levels...
Strong breakout and a retest is on going previously 111 levels acted as a strong resistance and now it is broken and is acting like a support 50EMA support on daily TF 0.61% Fibonacci support
technicals suggest a gradual upside in ICICI BANK . There are multiple confirmations for the same. The reasons are stated below : 954 levels previously acted as a strong resistance and now the stock price broke 954 levels, which now acts as a support. there has been a consolidation in the stock price for last 2months forming a falling wedge pattern(bullish...
There is reversal potential in campus activewear. Technicals indicate a strong upside of 8-10% easily.