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Analysis of the Cummins India Ltd. (CUMMINS)Analysis of the Cummins India Ltd. (CUMMINS) Chart: Key Observations: Resistance and Breakout Zone: The chart highlights a significant resistance level at ₹3,600–₹3,620, which the stock is currently testing. A downtrend line (dotted) also converges near this zone, making it a critical level to watch. A breakout above this trendline would confirm a bullish move. Support Level: The ₹3,262 level acts as a strong horizontal support zone. The stock has tested this level multiple times, indicating solid buying interest at this level. Targets Identified: Target 1: ₹3,883.75 — This is the next key resistance zone if the stock breaks out above ₹3,620. Target 2: ₹4,106.45 — This level represents the next significant hurdle based on prior highs. Consolidation Phase: The stock has been consolidating in a range between ₹3,262 and ₹3,620 for the past few months, creating a base for a potential breakout. Targets: Short-term: A breakout above ₹3,620 can lead to a move toward ₹3,883 (Target 1). Sustained momentum beyond ₹3,883 can aim for ₹4,106 (Target 2). Medium-term: If ₹4,106 is breached, the stock could head toward ₹4,200–₹4,300 in a strong bullish scenario. Trading Plan: Entry: Enter on a breakout and sustained close above ₹3,620 with volume confirmation. Stop Loss: Place a stop loss at ₹3,500 (below the breakout zone) to manage risk. Target Levels: Short-term target: ₹3,883. Medium-term target: ₹4,106. Pullback Opportunity: If the stock retraces to ₹3,500–₹3,550 and holds, it could provide a better risk-reward entry point. Conclusion: Cummins India Ltd. is at a critical resistance zone. A confirmed breakout above ₹3,620 can signal the start of a bullish move, with immediate targets of ₹3,883 and ₹4,106. Monitor the price action and volume near the resistance for confirmation.
NSE:CUMMINSIND
by The90sTraderOfficial
City Union Bank Ltd. (CUB) AnalysisDetailed analysis of the chart and key levels for City Union Bank Ltd. (CUB) along with potential targets: Key Levels: Support Levels: ₹165–₹170: Recent breakout level (previous resistance turned into potential support). Any retest of this level could provide a buying opportunity. ₹120–₹140: Strong multi-year demand zone. The stock has bounced from this area multiple times in the past, making it a crucial support zone. Resistance Levels: ₹190–₹195: Immediate resistance near the current price. This level could act as a short-term hurdle. ₹200–₹210: A historically significant resistance zone that aligns with prior peaks from 2022 and early 2023. ₹220: Next major resistance based on the last significant swing high (mid-2022). Targets: Assuming the breakout sustains and bullish momentum continues: Short-term Target: ₹190–₹195: Test of immediate resistance. ₹200: Psychological and historical resistance level. Medium-term Target: ₹210–₹220: If the stock sustains above ₹200, this zone is the next logical target, as it represents the previous major peak. Long-term Target (Bullish Scenario): ₹240–₹260: If the stock continues its upward trajectory, these levels could act as long-term targets based on historical highs in 2019. Risk and Stop Loss: Stop Loss: Place a stop loss below the ₹165 level (previous breakout zone) to manage downside risk. Pullback Level: A healthy pullback to ₹170–₹175 could provide better entry opportunities if not already in the trade. Conclusion: The stock is showing signs of a bullish breakout from a long-term downtrend. Sustaining above ₹185 and crossing ₹190–₹195 will confirm bullish continuation. Traders can aim for the ₹200–₹210 range in the short to medium term, while the ₹220–₹260 levels are achievable in the long run if momentum persists. Monitor closely for volume confirmation and price action near resistance levels.
NSE:CUBLong
by The90sTraderOfficial
ICICI Lombard GIC Ltd. - Technical AnalysisPrice Action: The stock recently took support near the 0.5 Fibonacci retracement level around ₹1,892, bouncing back with strong momentum. This aligns with a visible bullish RSI divergence as the price formed lower lows while the RSI made higher lows, signaling a potential reversal. Key Levels (from Fibonacci): Resistance 1: ₹1,987 (61.8% Fibonacci level) Resistance 2: ₹2,127 (78.6% Fibonacci level) Final Target: ₹2,299 (Fibonacci extension, previous high) Support 1: ₹1,892 (0.5 Fibonacci level, current support) Support 2: ₹1,796 (38.2% Fibonacci level) Support 3: ₹1,677 (23.6% Fibonacci level) Entry, Stop Loss, and Targets: Entry: Around ₹1,940-₹1,950 (post breakout confirmation above ₹1,950). Stop Loss: ₹1,875 (below the 0.5 Fibonacci level and near recent support). Targets: Target 1: ₹1,987 (61.8% Fibonacci level) Target 2: ₹2,127 (78.6% Fibonacci level) Target 3: ₹2,299 (previous swing high) Volume and RSI Observations: The volume profile shows increased participation near ₹1,900 levels, confirming accumulation. RSI is recovering from oversold levels and shows divergence, supporting a potential bullish continuation. Conclusion: If the stock holds above ₹1,892, the bullish trend might continue toward ₹1,987 and higher targets. Maintain discipline with the stop-loss to manage risk effectively.
NSE:ICICIGILong
by AngshumanSaikia
BALAJI TELEFILMS, Bullish Momentum!BALAJI TELEFILMS (15-Minute Timeframe): Long Trade in Progress! BALAJITELE Trade Details: The long trade setup on the 15-minute timeframe has already hit TP1, showcasing a strong upward momentum. The chart indicates a likely continuation towards the remaining profit targets as per the Risological Trading Indicator. Key Levels: Entry: 61.67 Stop Loss (SL): 59.67 Take Profit Targets: TP1: 64.14 ✅ (Hit) TP2: 68.14 TP3: 72.13 TP4: 74.60 Analysis: The trade setup reflects a robust bullish trend with price action supported by moving averages. Buyers appear to maintain control, suggesting further upside potential. Outlook: With the first target achieved, focus shifts to TP2, TP3, and TP4. If market conditions persist, this trade setup could deliver exceptional gains. Stay tuned for updates as Balaji Telefilms approaches its profit milestones!
NSE:BALAJITELELong
by ProfitsNinja
Shipping Corp of India Ltd (SCI) - Weekly Head & Shoulders Watch🚨 Potential Head and Shoulders Pattern forming on the weekly chart, signaling a possible bearish reversal if the neckline breaks. 📊 Key Levels to Watch: Neckline Support: ₹203.32 - A weekly close below this level would confirm the pattern, potentially leading to a further decline. Right Shoulder Resistance: ₹235 - ₹270 - If the price fails to break above this zone, the bearish structure stays intact. 🎯 Target (upon breakdown): ₹177.72 - Calculated from the height of the head to the neckline. 📈 Alternative Bullish Scenario: If SCI breaks above ₹270.60, the Head and Shoulders pattern could be invalidated, potentially signaling bullish momentum towards previous highs. 📉 Indicators: RSI shows a slight uptick, but a downward trend could confirm the bearish setup. Watch for a volume spike if the price breaks the neckline, as it would strengthen the bearish case. Disclaimer: T his is not financial advice. Keep an eye on these levels and manage your risk accordingly!
NSE:SCI
by AngshumanSaikia
IDBI DAILY CHART TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy KG
NSE:IDBILong
by Tradelikemee
MPHASIS Surges! TP 2 Hit, Targets in Sight!Technical Analysis: Mphasis has been on a bullish move, as seen on the 15-minute timeframe. After a solid long entry at 3021.90, the price action has been steadily climbing, supported by the Risological Dotted Trendline, which signals continued upward momentum. Key Levels: Entry: 3021.90 Stop Loss (SL): 2993.70 Target 1 (TP1): 3056.75 ✅ (Hit!) Target 2 (TP2): 3113.10 ✅ (Hit!) Target 3 (TP3): 3169.50 Target 4 (TP4): 3204.35 Observations: The price has already reached TP2, confirming the strong bullish momentum. Momentum supported by the Risological Dotted Trendline shows the possibility of further targets being achieved. With TP2 hit and momentum intact, Mphasis is showing strong signs of hitting higher targets. Keep an eye on the next resistance levels at TP3 and TP4 for continued gains!
NSE:MPHASISLong
by ProfitsNinja
MANYAVAR: Analyzing Potential Bullish Reversal, Festive DemandNSE:MANYAVAR : Analyzing Potential Bullish Reversal Amidst Festive Demand Surge Current Price: ₹1337 Date: 16 October 2024 In the dynamic landscape of the retail market, MANYAVAR is currently navigating a pivotal phase, with signs indicating a possible bullish turnaround. As the festive season unfolds, characterized by heightened consumer activity due to significant celebrations like Karwa Chauth and Diwali, this analysis provides a comprehensive outlook on key support and resistance levels that could influence trading strategies. Key Technical Levels: Support Levels: ₹1305: A significant psychological support level. A decisive move below this could trigger bearish sentiment and signal increased selling pressure. ₹1316: This level serves as a secondary support. Maintaining prices above this threshold is vital for sustaining bullish momentum. ₹1336: Currently serving as immediate support, this level is crucial for determining short-term price action and trader sentiment. Resistance Levels: ₹1346: The first major resistance level. A breakout above this price point could catalyze bullish sentiment and attract momentum traders. ₹1357: An additional resistance zone. Close monitoring of price reactions here will be essential to confirm a potential uptrend. ₹1376: Further up the chart, this level is critical for the validation of sustained bullish momentum. ₹1427, ₹1466, ₹1496: Long-term resistance levels that, if breached, could signify a strong bullish phase and draw in significant institutional interest. Breakout Zone: The pivotal breakout zone lies between ₹1346 and ₹1357. A robust close above ₹1357 may set off a chain reaction of buying activity, propelling the stock towards higher resistance levels and potentially unlocking significant upside. Market Sentiment and Context: The approach of the festive season presents a unique opportunity for retail stocks, particularly in the ethnic wear segment. With consumer spending historically surging during this period, demand for jewelry and traditional attire is expected to increase. This favorable market environment positions MANYAVAR well to capitalize on the seasonal uptick in consumer behavior. Strategic Outlook: Given the current price action and the backdrop of impending festive demand, traders should closely observe key support and resistance levels to refine entry and exit strategies. A careful assessment of price movements around these thresholds will be critical for identifying potential bullish opportunities. Conclusion: MANYAVAR stands at a crucial crossroads that may lead to a bullish reversal, particularly as market conditions favor increased retail activity during the festive season. By monitoring key technical levels and market sentiment, traders can position themselves effectively to leverage potential price movements. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:MANYAVARLong
by Fight_Bulls_vs_Bear
Muthoot Finance Long Trade on 15m Time Frame: Trade in ProgressA long entry was initiated at 1927.05 on the 9th of October at 10:15 am. The price is nearing Target 1 (1963.50) and remains on track for further movement towards the upper targets. We have now set a trailing stop at 1928.50 to lock in gains and manage risk. Target Points: TP 1: 1963.50 (close to being hit) TP 2: 2022.50 TP 3: 2081.50 TP 4: 2117.95 Trailing Stop: 1928.50 Stop Loss (SL): 1897.55 We'll keep a close eye on this position as it progresses towards the remaining targets.
NSE:MUTHOOTFINLong
by ProfitsNinja
CGPower : Strong Bullish Momentum: Key Support & Resistance Zone NSE:CGPOWER in Strong Bullish Momentum: Key Support & Resistance Zones NSE:CGPOWER continues to demonstrate solid upward momentum across multiple timeframes, with positive trends seen on the daily, weekly, and even shorter 75-minute charts. Here's an advanced look at key levels and insights: Key Indicators to Watch: Weekly 50 EMA: ₹605 – A strong long-term support level. The price remains well above this, indicating a sustained bullish trend. Daily 50 EMA: ₹736 – Medium-term support. A key level to watch for any pullbacks or corrections. Weekly 10 EMA: ₹745 – Immediate weekly support, offering a clear level for trend continuation. Daily 10 EMA: ₹792 – The near-term support on the daily chart; holding this level is crucial for continued upward momentum. 75-min Chart: 50 EMA: ₹786 – This EMA offers intraday support, crucial for short-term traders. 21 EMA: ₹816 – Further intraday support, maintaining strength at this level keeps the bullish sentiment intact. 10 EMA: ₹840 – Immediate short-term support in intraday action. Key Resistance Levels: 52-Week High : ₹874.70 – A breakout above this significant level could lead to a fresh rally with further upside potential. ₹846 – Short-term resistance that aligns with 75-min 10 EMA, a key test for continued bullish momentum. ₹875-₹900 – If the stock breaks its 52-week high, we may see this range as the next target zone. Support Levels to Watch: ₹756 – Short-term support level; a strong dip-buying opportunity if prices pull back to this region. ₹786 – A key support level on the 75-minute 50 EMA; holding this strengthens the upward move. ₹816 – The 75-minute 21 EMA provides a solid intraday support level. ₹846 – A critical near-term support zone that should hold for the continuation of bullish movement. Outlook: NSE:CGPOWER is showing a healthy bullish momentum, with consistent support levels across the daily and weekly charts. Holding above ₹756 and breaking past ₹874.70 could fuel further bullish activity. Watch for pullbacks near support levels for potential buying opportunities. As long as the price holds above its key EMAs, especially the daily and 75-min EMAs, the trend remains strongly positive. Conclusion: With CGPower's upward momentum intact and strong support from its EMAs, it remains in a bullish trajectory. Monitoring price action near ₹756, ₹786, ₹816, and ₹874 is essential for confirming continued strength. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:CGPOWERLong
by Fight_Bulls_vs_Bear
GAIL Showing Strength Above 10 EMA: Key Support & Resistance NSE:GAIL Showing Strength Above 10 EMA: Key Support & Resistance Levels (Daily & Weekly Analysis) NSE:GAIL is currently trading at ₹229.40, maintaining strength above the 10 EMA on the daily chart, indicating positive short-term momentum. A similar setup is reflected on the weekly chart, where the stock is trading well above its 50 EMA, reinforcing a bullish bias. Key Resistance Levels: ₹236 – Immediate resistance zone, significant on both daily and weekly timeframes. A breakout above this level could trigger further bullish momentum. ₹246 – The 52-week high, acting as a strong resistance on the weekly chart. A decisive move above this would mark a fresh bullish breakout, potentially leading to accelerated gains. Key Support Levels: ₹226 – Crucial short-term support on the daily chart, aligning closely with the 50 EMA (₹226.29). Holding this level is essential for sustaining the positive trend. ₹216 – Next significant support zone on both timeframes. A break below this could signal weakening momentum. ₹196 – Major support level corresponding to the weekly 50 EMA. This level acts as a long-term safety net, and a breach below would indicate a shift in the broader trend. Outlook: The stock’s alignment above key EMAs on both the daily and weekly charts suggests that GAIL is in a strong uptrend. A break above ₹236 could lead to a test of the 52-week high at ₹246, where a breakout would be a strong bullish signal. Traders should monitor price action around these levels closely. If GAIL faces a pullback, holding support at ₹226 will be crucial to maintain its short-term momentum. A break below ₹216 could indicate potential weakness, with ₹196 (weekly 50 EMA) serving as a critical long-term support. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:GAILLong
by Fight_Bulls_vs_Bear