The stock saw a very good move from 530 levels to 581 levels in just the past few sessions, now it is consolidating in a range of approx 10 points near its previous resistance zone. Considering the previous straight move, it looks like the stock is getting ready for a breakout.
AWL was making upper circuit 🙂 earlier, now lower circuit 🤨. From its rally from 385 to 640, it has created support around 500 levels ( 488 to be precise) And the major support for the stock is around 385-400 levels Keep an eye on the stock around 500 levels and 400 if it moves below 500, these are the levels, where stock can turn around again.
The Stock has been consolidating from many trading sessions, after a move from 397 to 513 levels. Now if it sustains 460 levels, we can see another swing on the upside towards 540 to 580 levels.
We are seeing a very sharp movement on the upside from the past 3 trading sessions. Today Index opened the gap -up, but did not sustain the higher levels, saw some sell-off, and closed in red forming a moderate candle( Not very useful) Though one can notice, open and high price is same, and the price is also near strong resistance. i.e 16800-17000. Hence it...
Nifty did take support at the levels I have identified well in advance and bounced well from it. Now the question is, is this bounce/rally going to sustain, well we don't have an answer for that as yet, there are many stocks that have broken their important support and on the other hand, there are some stocks [ IT, Power, Pharma} which started showing...
Whirlpool has good support levels around 1350-1450. These are the levels, where this stock consolidated for many months, followed by a good move on the upside. Now, the stock approaching the same levels again, and it could take support here. Hence keep an eye on the price action near these levels, for spotting any reversal formation in the stock
Nifty opened gap down, saw some selloff though it closed almost where it opened. The structure of the index is still weak, it has created a strong resistance around 16800-17000 levels and is still a sell on rise market, and can be shorted if seen near these resistance levels. The next good support I see is around 15800- 15600.
Currently, SBIC has been trading at the levels, where it consolidated in the past for many many weeks . The same levels can act as good support for the stock. Disclaimer: Not a recommendation to trade
An exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund. Gold ETFs will track a particular commodity i.e. gold and Gold ETFs can be easily purchased or sold on a stock exchange the same way that a regular stock can. HDFC Gold ETF created solid support around 42 levels, consolidated there for many weeks, and...
TCS is currently in a correction mode, and it is likely that we may see further weakness in the stock, and stock could move lower to 3400 to 3200 levels in the near term. This is a great stock for Investment and for positional trading also. I can see butterfly pattern formation on its daily chart, which is suggesting a good support area around 3400 -3367 levels...
Bharti Airtel Ltd, opens gap down, though recovered and trading near day's high. Now if it sustains 715 on an hourly basis, chances are high that it may move towards 730-740 levels in the near term Type of Trade: Swing Disclaimer: Not a recommendation to trade.
Tasty Bite is again at its imp support zone: 12298 - 11593. It is testing this support for the second time, providing another opportunity for accumulation. Price action at the support also confirms that demand does exist there. Disclaimer: Not a recommendation to trade.
Banknifty had a similar setup like nifty50, open with a gap, saw follow-up sell-off, closed near its low, forming big bear candle. Similarly, this big bear candle would act as a resistance for any bounce to come. There are two harmonic patterns probability on the chart 1. Bat Pattern - Currently the price is trading near the Bat pattern prz zone, and chances are...
The index open with the gap down and saw a follow-up sell-off as well. It formed a Big Bear Candle, which closed near its low. Now the Same candle would act as a resistance for any bounce if any, however it looks like we might see some more sell-off in the Index and it may extend to 16150 - 16250 levels. Hence it's a sell on rally market, any bounce if comes,...
Monthly RSI @40 Weekly RSI is oversold(21) Weely Support @ $130-140 if this said support is held, it might see a bounce to 200 levels initially.
Lauruslab was consolidating near resistance from the past few trading sessions. Today if moved decisively above previous resistance, now sustaining 530-520 levels, the stock could move towards 630-649 levels in the coming weeks. Disclaimer: Not a recommendation to trade.
Today's Price Action - Open gap up, - Saw some sell-off in the first hour of trading, - Then Recovered and closed near its high, - Candle: Gap Indecisive Candle. What's for tomorrow? Today's price action looks good, though it was not decisive, hence volatility on both sides can be seen. Support is at 17380, sustaining the same, nifty could...
Godrej Properties has fallen about 40% from its all-time highs in the past few months. Currently Stock is trading near its imp weekly support @ 1470- 1430 levels. If held all good, if not then the next good support I see is around 970 - 870 levels, about another 600 points from current levels 🤯. As per the history stock, the stock does have the tendency of...