ASHIANA HOUSING LDThis stock breakout ATH and Retest that level TGT upto 789 SL bellow 312
and This analysis for educational purpose only
BSE
GRINDWELL NORTON This stock breakout triangle pattern
and retest of this ATH resistance level
TGT will be 3571 SL 2300
This analysis for educational purpose only
JK CEMENT This stock breakout and retest major levels and TGT upto 5550 and sl 3640
and this is only for educational purpose
ORCHID ready to BLOOM?!?!?There's selling pressure from upside!
But the stock seems to have formed a strong base near 950!
A long can be initiated here and buy on dips formula can be applied!
ADANIPOWER LONGBeautiful Setup. Keep an eye on it.
Flag Pattern visible.
Breakout expected.
Good for Short Term.
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
COROMANDEL INTLThis stock has breakout major resistance level and TGT will be up to 30% and this is only for educational purpose
ADANI ENTERPRIESEThis stock breakout major resistance level and TGT will be 20% upside
this is only for educational purpose only
SWING IDEA - BSE LTDBSE, one of the leading stock exchanges in India, is showing technical indicators that suggest a potential swing trading opportunity.
Reasons are listed below :
Strong Support Zone at 2600 : The 2600 level has proven to be a robust support zone, indicating significant buying interest and a strong base for a potential price rebound.
Bullish Marubozu Candle : The recent formation of a bullish marubozu candle, characterized by little to no shadows, indicates strong buying pressure and a potential for continued upward movement.
50 EMA Support : The stock is finding support at the 50-day exponential moving average, which reinforces the overall bullish sentiment and provides a reliable support level.
0.5 Fibonacci Support : The price has found support at the 0.5 Fibonacci retracement level, indicating that this key level is acting as a strong base for a potential bounce back.
Target - 3070 // 3250
Stoploss - Daily close below 2570
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@visionary.growth.insights
Sensex (SENSEX) AnalysisFollow and Boost the post, Thanks.
Based on the 1-hour chart for the S&P BSE Sensex Index, here is the summary and analysis:
Key Levels:
- Current Price: 73,885.60
- Retracement Levels:
- 0.5 Retracement: 75,537.72
- 0.618 Retracement: 75,947.52
- Targets:
- Target 1: 75,936.42
- Target 2: 77,260.70
- Target 3: 79,420.46
Chart Analysis:
1. Retracement Phase: The chart shows the Sensex Index in a retracement phase from a recent high, moving towards lower levels.
2. Support and Resistance Levels: The chart indicates potential support around the 0% retracement level at 73,801.25 and resistance levels at the key Fibonacci retracement levels.
3. Ascending Channel: The index appears to be trading within an ascending channel, indicating a general upward trend despite the current retracement.
Potential Scenarios:
1. Bullish Scenario:
- If the index finds support around the current level (73,801.25), it could start rebounding towards the upper targets.
- The first significant resistance to watch for is the 0.5 retracement level at 75,537.72, followed by the 0.618 retracement level at 75,947.52.
- Breaking above these levels could lead the index towards Target 1 (75,936.42), Target 2 (77,260.70), and eventually Target 3 (79,420.46).
2. Bearish Scenario:
- If the index fails to hold the support around 73,801.25, it might continue to fall towards the lower boundary of the ascending channel.
- Further decline could lead to testing the lower support level around 72,081.92.
Trading Strategy:
1. Watch for Support: Monitor the price action closely around the current level (73,801.25). Look for signs of a reversal or strong buying interest at this level.
2. Buy Position: Consider entering a long position if the index shows a strong bounce from the support level with increasing volume and bullish candlestick patterns.
3. Stop-Loss: Place a stop-loss slightly below the support level at 73,801.25 to manage risk in case of a further decline.
4. Target: Aim for the targets identified (75,936.42, 77,260.70, and 79,420.46) for the long position.
Conclusion:
- The S&P BSE Sensex Index is currently in a retracement phase within an overall ascending trend. The key support level to watch is around 73,801.25. If the index finds support and rebounds, it could move towards the identified targets. Conversely, a break below the support level could lead to further downside. Monitoring the price action and volume around these key levels will be crucial for making informed trading decisions.
RICO AUTO INDSThis stock breakout 20 years resistance level TGT will be 1X
and This is only for educational purpose
IDBI BANK LTDThis stock breakout major trendline and resistance level so future up move will come
this is only for educational purpose
Suryoday small fin bankThis stock breakout cup and handle pattern so stock gave good opportunity for swing trade
this is only for educational purpose
MUTHOOTFIN ON WEEKLY RESISTANCEMUTHOOTFIN has reached a crucial resistance level on the chart. The price has respected this highlighted zone, and we should watch closely for a valid reversal or breakout confirmation. Given that the previous run encountered significant selling pressure at this point, careful attention to price action on lower timeframes is necessary for confirmation. A breakout above the resistance will invalidate the bearish outlook.
INFY ASCENDING TRIANGLE IDENTIFIEDINFY has formed an ascending triangle pattern on the hourly chart. A bullish candle has closed just above the resistance level, indicating potential upward movement. However, for a confirmed bullish trend, we await a clear breakout above the resistance. It's essential to note that a bearish breakout would invalidate this bullish projection, emphasizing the need for cautious observation.
AXISBANK: BULLISH BREAKOUT AND POTENTIAL REVERSAL PATTERNAXISBANK has broken out bullish from a bearish channel, suggesting a potential rally ahead. Additionally, there's a chance of an inverted head and shoulders pattern forming. However, confirmation of this pattern requires waiting for a bullish breakout at the key level.
NIFTY50 INDEX BREAKOUT CONFIRMED, WHAT'S NEXT?The NIFTY50 has indeed followed the projection I made last week, confirming the breakout on the channel we identified. Now, I anticipate a continuation of the bearish trend towards the lower support level. This retracement should provide a significant pullback from the current bullish momentum observed on the hourly timeframe.
ICICIBANK POTENTIAL REVERSAL AHEAD WITH THIS PATTERNICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
TATAMOTORS BACK ON DAILY RESISTANCE, WILL IT GO ABOVE 1150 NEXT?TATAMOTORS might establish a fresh peak provided there's ample volume to breach the highlighted resistance zone. Therefore, it's prudent to monitor this level closely for either a breakout or confirmation of a reversal, which will determine the stock's future trajectory. A decisive breach of the resistance could propel it to a new high, potentially surpassing 1155. Conversely, a bearish reversal and breakout below the floor price of 945 would negate the bullish outlook.
SBIN MAY LOOK FOR A CORRECTION AHEADSBIN has been on a robust bullish streak, indicating a possible retracement or correction phase in the near future following its recent rally. There's potential for the price to consolidate within a formed channel before potentially breaking out bearishly, supporting a bearish outlook.
NIFTY50 POTENTIAL BREAKOUT ON THE STRUCTURENIFTY50 is currently within a robust bullish channel, displaying consistent growth since the emergence of bullish sentiment. Price has adhered to the previous high established on the daily timeframe. We anticipate potential price action to remain within the upper and lower boundaries for a period. Upon future confirmation of a breakout at the lower boundary, a bearish trend with significant momentum could be witnessed.
PETRONET LNGThis stock breakout nearly 5 years consolidation level with huge volume
and this is only for educational purpose
NIFTY50 BULLISH CHANNELNIFTY is playing inside a strong bullish channel where we witness a steady growth ever since the bullish sentiment. Price respected the previous high created on the daily timeframe. Where we might see some price action intact with the upper and lower boundaries for sometime. With a future breakout confirmation on the lower boundary, we may witness a bearish trend with a nice bearish momentum.
IOC Bullish Breakout IdentifiedIdentified a bullish breakout on the flag formed. Here we expect a continuation in the rally back towards the previous high formed close to 192+
