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ITDCEM: Rise, Drop & Steadying Up!The price of ITD Cementation India Ltd has gone through several phases over time: Early Growth Phase: For a long period, the price remained relatively stable with minimal movement. It was mostly trading within a narrow range without any significant jumps. Strong Upward Movement: At a certain point, the price started rising steadily and entered a strong growth phase. It climbed consistently over several months, with only minor pauses along the way. Peak & Pullback: The price reached its highest point at 694.30, marking a peak. After this, it experienced a drop of about 25% from this level. Current Stabilization: Recently, the price has been moving in a tighter range with smaller fluctuations compared to the previous uptrend. It has been holding near 520-560, with occasional dips and recoveries. It has not returned to its previous lowest points, but it has also not broken back into new highs. Overall Story: The price experienced strong momentum upwards, followed by a correction from its peak. Now, it appears to be in a phase of adjustment, where it is not making extreme moves in either direction. It is fluctuating within a specific zone while market participants assess the next course of action. Disclaimer "Not SEBI registered. This is for educational purposes only, not financial advice. Do your own research before investing." #ITDCEM #StockMarket #TradingView #PriceAction #MarketTrends #StockAnalysis #Investing #StockTrading #MarketUpdates #ITDCementation #StockInsights #Finance
NSE:ITDCEMLong
by AkmeAnalytics
ADANI PORTS - INVERSE HEAD & SHOULDERS ON DAILY CHART !!!- Hey Folks, I was checking the charts and there is a possibility that adani ports may form inverse head & shoulders. - To buy or to go long in this stock we need three confirmation first the right shoulder second the candle should broke the trend line and once trend line is broken we need one more confirmation candle to enter the trade. - If it won't form the the inverse H&S still there is weekly support around 987-990. - now if we talk about target it will 5%-7% becoz as the market is like a falling knife or bears in control so its not a good time to be greedy unless you are long term investor. -Stopless will be 3%-5% if it breaks 987-988. *** This are my personal views or analysis and not a recommendation***
NSE:ADANIPORTSLong
by investorragnarok
Analysis of Bajaj Finance Ltd (NSE) – Weekly ChartTechnical Summary: Elliott Wave Structure: The chart suggests an ongoing impulse wave (Wave 3 in green) after completing Wave 2 correction. Future projections indicate the completion of Wave 5 around 15,543 as a 1.618 Fibonacci extension. Support & Resistance Levels: Strong Support: 5,718.60 (highlighted in green) – a crucial support area. 5,292.75 (Fibonacci 38.2% retracement) – historical support level. Resistance: 8,739 (current high) – breaking above this could confirm a bullish continuation. 15,543 (Wave 5 target) – major long-term price target. RSI Analysis: RSI at 70.56, near overbought territory. RSI-based moving average at 59.41, indicating strong momentum. Key Observations & Potential Risks: ✅ Bullish Scenario: If price sustains above 8,739, the next major move could lead towards 15,543. Strong wave structure confirms long-term bullish potential. ❌ Bearish Risk: If price fails to hold above 8,739, a correction toward 5,718 – 5,292 levels is possible. RSI in overbought territory suggests a potential short-term pullback before further upward movement. Recommendations & Strategy: Monitor breakout confirmation above 8,739 for further upside. Be cautious of a short-term pullback, especially if RSI starts declining. Long-term investors can hold positions, while traders may wait for a retracement entry near 7,500 – 6,500.
NSE:BAJFINANCE
by Pushpmegh
CDSLTechnical Summary: Trend Channel & Current Price Position: The price is moving within an upward-sloping channel. Currently, it is testing the lower trendline support, which is critical for further movement. Fibonacci Retracement Levels: 0.382 level at 1,196.30 – a common retracement support. 0.5 level at 1,252.15 – another key retracement zone. 1.618 extension at 1,659.35 – potential upside target. Key Support & Resistance Levels: Support Levels: 1,252.15 (Fibonacci 50% retracement) 1,196.30 (Fibonacci 38.2% retracement) Resistance Levels: 1,989.80 (previous high) 2,271.20 (extension target) RSI Analysis: RSI is at 36.70, nearing oversold territory. The RSI moving average is at 51.74, confirming weakened momentum. Market Trend & Risk: If the price holds above 1,196 – 1,252, an upward move is possible. A breakdown below this range may lead to further declines towards lower support (600-442.00). Suggestions & Possible Corrections: ✅ Bullish Case: If 1,196 – 1,252 support holds, the price may attempt a reversal toward 1,659 – 1,989. ❌ Bearish Risk: If it breaks below 1,196, expect further downside toward 600–442 levels. 🔹 Final Recommendation: Monitor price action near 1,252 – 1,196 levels for a reversal signal. Wait for RSI confirmation (above 40) before entering long trades. Avoid longs if the price breaks below 1,196.
NSE:CDSL
by Pushpmegh
CCL Products (I) Ltd. (NSE) – Weekly ChartTechnical Summary: Elliott Wave Structure: The stock is currently in Wave 4 correction after completing Wave 3. A Wave 5 uptrend is expected once the correction is complete. Fibonacci Retracement: 0.5 level (~533.25) and 0.382 level (~605.00) are key retracement zones. The price is near the 514.65 support, a critical zone for a reversal. RSI Analysis: RSI is at 36.41, indicating oversold conditions. RSI moving average is at 47.50, suggesting weak momentum but potential for reversal. Support & Resistance Levels: Immediate Support: 514.65 Next Support: 347.30 and 227.38 (in case of further breakdown). Resistance Levels: 605.00 and previous high of 855.00. Suggestions & Possible Corrections: ✅ Bullish Case: If the price holds above 514.65, a potential Wave 5 rally could take the stock toward 800+ levels. ❌ Bearish Risk: If 514.65 breaks, the next strong support lies around 347.30. Final Recommendation: Monitor price action near 514.65; if it holds, a bullish move can be expected. Wait for RSI to cross 50 for confirmation of trend reversal. If price breaks below support, avoid long positions until a new base forms.
NSE:CCL
by Pushpmegh
JSL-promoters are showing lot of confidence !This chart represents the weekly price action of Jindal Stainless Ltd. (NSE) with an Elliott Wave analysis and Fibonacci retracement levels. Here's a summary of the key observations: Technical Analysis Summary: Elliott Wave Structure: The stock appears to be in a corrective Wave 4 after completing an impulsive Wave 3. A potential Wave 5 uptrend is anticipated, as per the Elliott Wave structure. Fibonacci Retracement Levels: The price has retraced close to the 0.5 Fibonacci level (465.85), which is a strong support zone. The 0.382 level (553.40) is also a critical resistance, which the price is testing. RSI Analysis (Relative Strength Index): RSI is at 40.26, indicating that the stock is approaching the oversold region. The RSI moving average (44.12) is slightly above the RSI value, suggesting weak momentum. Support & Resistance: Support levels: ~465.85 and ~549.90. Resistance levels: Previous high near 848.00. Possible Future Movement: If Wave 4 completes, a bullish reversal for Wave 5 could take the stock higher. A further breakdown below 465.85 might invalidate the bullish scenario. Conclusion: The stock is in a correction phase, but signs of reversal are emerging. Watch for price action near the 549.90 support zone and RSI movement above 50 for confirmation of bullish momentum. If bullish Wave 5 starts, the stock may target new highs.
NSE:JSL
by Pushpmegh
1
NITIRAJ ENGINEERS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NITIRAJ
by zenthosh
WINDLAS BIOTECH LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:WINDLAS
by zenthosh
MANORAMA INDUSTRIES LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:MANORAMA
by zenthosh