pratik2358

pratik2358

Investing in equity markets can often feel like navigating a road trip with speed bumps—periods of market correction or consolidation that test investors' patience. The journey of the Nifty 50 from 2011 to 2025 provides a clear narrative: 2011-2013: After a downturn, the Nifty 50 consolidated, hovering around 4,500. This period was marked by resilience in...

pratik2358

stock trading within a tight range stock is good example to learn support and resistance

pratik2358

Index is trading with a mixed tone with an upper hand for bears todays its an expiry day for october series the circled area could provide support while a diwali upmove is what street expects the marked areas are expected support and resistance zone

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SRF: Stock is now in uptrend a triangle breakout possibility stock broke trend line 1 as can be seen and this time it sustained above the same for a decent three-week interval expect this momentum to continue for targets 2850-2880 and 3200 on the upside in next two to three quarters with accumulation zone of 2200-2500 with a stop below 2120 level

pratik2358

the chemical major is trading with strength and is now near levels last visited in month of feb in year 2022 ie almost after two years its at same juncture possibility of breakout on higher side is high and with that into consideration , its a good long candidate for 3000 target zone with 2500 as stop loss

pratik2358 Updated 

The above company looks a good chart to keep on watchlist the fundamental changes are something to watch closely . NOW talking about levels, 1400 strong positional basis support area where a retest if takes place would be a fresh add on current entry positions a break out taking place after 2015 ie approx 9 years is something to be truly particpate into !...

pratik2358

the overall trend is in favour of bulls from last 3 months . a long wick in feb suggest shorts been trapped at lower areas and going ahead, expect strong upmove here and the previous all time high is 8-20% away which could get tested in next two quarters

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IFB : this would be the third breakout attempt in last 5 -6 years Stock is in strong uptrend and the strength seemingly suggest a strong upmove likely in short to medium term perspective stock is up by almost 50% in two months suggest the strength and outperformance support at 1270-1240 area while with the intensity of this breakout in consideration , can test...

pratik2358 Updated 

Turmeric is trading near breakout zones of a decade the commocity witnessed a strong upmove the overall last few months move can be seen as healthy consolidation in the commodity at higher zones its bullish till 12400-12700 holds on downside

pratik2358

Index witnessed a sideways to bearish day at the opening day of the week ! Resistance placed at 22250-22310 support at 22060 followed by 21930 the overall trend favours a bullish approach ie buy on decline approach

pratik2358

the pair witnessed a technical breakdown on charts from lows made in 2022 resistances are as marked on chart and for any reliable upmove, it need to sustain above those resistance zones support : well thats a tough question to answer as in a falling stuff . support are a joke !

pratik2358

The pair is trading in a strong trend the overall trend suggest a likley breakout to take place and led it towards 106.30 and 106.90 mark as long as 104.50-104.40 holds on the lower side

pratik2358

rounding top like formation in pair indicates lack of srength at higher zones and as long as pair is below 83.20 , it could slip to 82.50 and 82.30 levels

pratik2358

The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollars (USD) strength against a basket of six currencies, including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc. The index was created in 1973, but remains useful to this day. The DXY pair is trading with bearish tone and is expected to head lower towards 103.25 and...

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A breakout on weekly chart denotes strength it suggest the CONTINUATION IN THE CURRENT MOVE if one refer the charts , as shown by arrows , volume witnessed a great rise and price followed a strong move along with the same THE stock likely to show higher areas its trading well above key average areas and with strength in RSI support at 310-290 zones and with...

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Stock witnessed a breakdown from regression trend and at same time breakdown came on back of earnings, most important to note is that the gap down came below key support zones and thus expect them to head lower. the stock shown a bounce from lower zones ie retracement seemingly done once it start to trade below 580, aggressive pyramid in short will take place...

pratik2358 Updated 

stock is strong downtrend its one of theweakmost names in banking space with banking index trading near all time high this stock is at 52 week lows and not just that but at 3 year lows such stocks are ideal sell candidates fr trading and expect a heavy downmove here with a stop above 232 mark

pratik2358

The stock is strongon charts if w ignore noise regarding the merger stuff if we just look charts, the stock is good as long as its above 114-110 areas and till it holds it is likely to show 152 & 177 on the upside.