Get started
Aditya Birla Capital Ltd. (NSE: ABCAPITAL) Technical AnalysisCurrent Price: ₹201.60 (-0.82%) Price Target (Jefferies): ₹265, maintained at Buy Technical Overview Price Action: The chart reflects a strong support level near ₹197-₹201, where the price is currently hovering. The support zone is reinforced by a trendline that has been respected several times (highlighted with green arrows). This support level aligns with a high-volume node in the volume profile, indicating considerable buying interest around this area. Volume Profile Analysis: A significant amount of trading activity has occurred around the ₹190-₹200 range, suggesting strong demand. On the upside, high trading volume can also be seen around ₹227 and ₹241, which could act as resistance if the stock attempts an upward move. Moving Averages: The 50-day and 200-day moving averages are providing additional support and resistance signals. The stock is currently trading near its 200-day moving average, which has historically provided solid support. A sustained break below this level could indicate bearish momentum. Resistance Zones: The stock has encountered resistance around ₹240 (indicated by red arrows), with multiple attempts to break this level failing. This level will be crucial for the next bullish wave, and a breakout above it could lead to a new upward trend. Key Pattern Observations: A broad ascending triangle pattern is observed, with the stock making higher lows since last year. This bullish structure indicates underlying strength, but a break below the support line could invalidate this pattern. Technical Indicators 1.RSI: The Relative Strength Index is nearing the oversold territory, suggesting that the stock may be due for a reversal or consolidation phase. 2.Support and Resistance Levels: Immediate Support : ₹197 Critical Support : ₹190 Resistance Levels: ₹211, ₹227, ₹241 Outlook and Conclusion With Jefferies setting a revised target of ₹265 and maintaining a Buy rating, there is an optimistic long-term outlook. However, in the short term, the price may continue to consolidate around the ₹190-₹200 support region. Bullish Scenario: If the stock bounces off the ₹197 level, supported by increased volume, it could make another attempt to reach ₹227 or even test the critical ₹240 resistance. Bearish Scenario : A sustained break below ₹190 might attract further selling pressure, pushing the stock toward the ₹175 region. Investment Idea: Traders may look for buy signals around the support zones of ₹190-₹200, with a potential target near ₹227 and ₹240, while maintaining a stop loss slightly below ₹190.
NSE:ABCAPITALLong
by AngshumanSaikia
CAPLIN POINT LAB 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. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 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. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. 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:CAPLIPOINT
by zenthosh
TG Therapeutics (TGTX) Analysis Company Overview: TG Therapeutics NASDAQ:TGTX is a biopharmaceutical company focused on developing and commercializing innovative treatments for B-cell diseases. The company's recent FDA approval of BRIUMVI for relapsing multiple sclerosis (RMS) marks a significant milestone, positioning TG Therapeutics to capitalize on a high-demand therapeutic area. Key Developments: FDA Approval of BRIUMVI: The approval of BRIUMVI for relapsing multiple sclerosis opens access to a substantial market, with nearly 1 million individuals in the U.S. affected by RMS. This provides a significant revenue opportunity, with BRIUMVI offering a new treatment option that has shown favorable efficacy, safety, and convenient dosing compared to existing therapies. Positive Market Reception: CEO Michael S. Weiss has expressed strong confidence in BRIUMVI's potential, noting positive feedback from both healthcare providers and patients. The drug's unique value proposition lies in its twice-yearly dosing, which is more convenient than the monthly or quarterly regimens offered by competitors, enhancing patient compliance and satisfaction. Pipeline and Future Growth: The successful launch of BRIUMVI is a testament to TG Therapeutics' ability to introduce novel treatments. This sets a strong foundation for future developments in B-cell disease therapies, as the company explores additional indications and expands its pipeline. BRIUMVI's performance in the market could pave the way for further advancements in TG Therapeutics' product offerings. Investment Outlook: Bullish Outlook: We are bullish on TGTX above the $21.00-$22.00 range, driven by the strong initial reception of BRIUMVI and its potential to capture a significant share of the RMS market. Upside Potential: Our price target for TG Therapeutics is set at $34.00-$35.00, reflecting the expected revenue growth from BRIUMVI and the company's strategic positioning in the biopharma sector. 🚀 TGTX—Leading the Way in B-cell Disease Therapies! #BiopharmaInnovation #MultipleSclerosis #NewTreatmentOptions
NASDAQ:TGTXLong
by Richtv_official
WHIRLPOOL OF INDIA 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. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 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. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. 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:WHIRLPOOL
by zenthosh
ITD CEMENTATION INDIA 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. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 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. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. 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:ITDCEM
by zenthosh
INDIAN METALS & FERRO 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. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 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. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. 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:IMFA
by zenthosh
HDFC Bank at its Make or Break Level #HDFCBANK #BANKNIFTYSo this is an huge stock for Nifty as well as Bank Nifty. HDFC Bank is at its Major Resistance, If the Channel Resistance not Sustained then we may see 1620 Level soon. If the Channel Resistance is broken then we may see 1950/2000 Coming in Long Term . For Short Position. SELL HDFC BANK STOPLOSS : 1800 TARGET : 1620/1600 NOTE : This is for Educational Purpose, Please contact your financial Advisor for the Trade you Plan . Have A Profitable Day Traders.
NSE:HDFCBANKShort
by Trading_Bulls0000
AMZN Poised for Breakout or Pullback? Key Levels to Watch!Analysis: Channel Trend: AMZN has been trading within an ascending channel, showing a consistent upward trend over the past week. The price recently tested the upper trendline of the channel, indicating strong bullish momentum but also a potential point of exhaustion. Volume Analysis: Volume has been decreasing slightly during the most recent rally, suggesting possible weakening buying pressure. Watch for a volume spike as confirmation of a breakout or potential reversal. Moving Averages: The 9 EMA and 21 EMA are providing dynamic support, with the price currently trading above both. This indicates strong short-term bullish sentiment. However, a break below these EMAs could signal a potential pullback. Key Support and Resistance Levels: Immediate Resistance: $212.25 (Recent high and upper channel boundary) Support Levels: First Support: $204.41 (previous breakout level) Second Support: $200.43 (psychological and strong support zone) Critical Support: $197.57 (breakdown level below which the bearish sentiment could accelerate) MACD Analysis: MACD is currently bullish, but the lines are converging, hinting at potential momentum loss. A bearish crossover could indicate a pullback or consolidation phase. Price Action Expectation: Bullish Scenario: If AMZN breaks above $212.25 with increased volume, it could test the next psychological level of $215. Monitor the breakout and watch for a retest of the upper channel as confirmation. Bearish Scenario: Failure to hold above $204.41 could lead to a pullback towards $200.43, where buyers may step in. A break below $197.57 could shift the momentum to the downside. Conclusion: Given the broader market rally over the last two days, AMZN may continue its upward momentum. However, traders should watch for potential resistance at the upper trendline and be prepared for a possible pullback, especially if volume does not support the current rally. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
NASDAQ:AMZN
by BullBear-Insights
Axis Bank Ltd view for Intraday 8th Nov #AXISBANK Axis Bank Ltd view for Intraday 8th Nov #AXISBANK Resistance 1170. Watching above 1173 for upside movement... Support area 1150. Below 1150 ignoring upside momentum for intraday Support 1150 .Watching below 1150 for downside movement... Resistance area 1170 Above 1170 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:AXISBANKLong
by vichithra
TSLA Poised for Breakout or Reversal? Key Levels to Watch TomorrTechnical Analysis for TSLA (November 8, 2024) Tesla has shown strong bullish momentum recently, currently trading near a key resistance level on the 1-hour chart. With the overall market rallying, Tesla may be gearing up for a breakout, but caution is advised due to potential consolidation signs. Let's break down the critical levels and indicators that may help shape tomorrow’s trading plan. Key Observations: Trend and Momentum: TSLA has been on a steady uptrend, with price comfortably above short-term EMAs, indicating bullish sentiment. Both the 15 EMA and 50 EMA are angled upward, reinforcing the positive trend. Price action shows consolidation just below a critical resistance level, which could signal either a pause before a breakout or a potential reversal if resistance holds. Important Levels to Watch: Resistance: The immediate resistance is around $298.90 (current ask level). A breakout above this level, especially with strong volume, could push TSLA toward $300+ and potentially test $323.83, the high of this recent trend channel. Support: Key support levels to watch are around $290.01 and $273.51. If TSLA fails to break above $298.90 and pulls back, these levels may act as entry points for bulls, especially if buyers step in around $290. MACD and Volume Analysis: The MACD is showing signs of slowing momentum, which could hint at possible consolidation or a minor pullback. A bearish crossover on the MACD could signal caution, so keeping an eye on this indicator is essential. Volume has been relatively high during the recent uptrend, indicating solid participation. However, declining volume near resistance could be a signal of potential exhaustion. Price Action Strategy: Bullish Scenario: If TSLA breaks above $298.90 with high volume, it could suggest a continuation toward $310 and $323 levels. Look for a pullback to $290 or the breakout level for safer re-entry if the breakout is confirmed. Bearish Scenario: A failure to break above $298.90, coupled with a MACD bearish crossover, could indicate a pullback. Support around $290.01 could be a strong area to watch for a potential reversal if sentiment remains bullish. Suggested Approach: For Bulls: Look for a high-volume breakout above $298.90, or wait for a pullback to $290 to consider a long position with tighter risk management. For Bears: Watch for a rejection at $298.90 or a breakdown below $290, which may signal a short-term pullback, allowing entry at lower support levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.
NASDAQ:TSLA
by BullBear-Insights
gamestop cup and handle whats next?this isnt the strongest pattern for vull continuation, but if it does follow through i expect well see $25 soon. if we dont continue the pattern ill look for a pullback to the $21 region. the stock seems like it is ready to make larger swings now that its held some form of a daily to weekly uptrend. were still battlign a bear trendline of resistance since the last large monthly move and subsequent volatility, but it seems to be subsiding somewhat. im looking at curred dPOC as the pattern pivot, and if we hold that level forming a range above open id look for the next market structure trailing stop area/VAH region to take profit long. if we break fown below dPOC and form bear momentum under the mPOC id look for lower POC and VAL to take profit short.
NYSE:GMELong
by cerealindicator
Clean Chit for more than 25% POWHello, traders community, This Canadian power corporation has shown consistent revenue growth due to its expansion into renewable energy assets. Given the recent shift towards clean energy, the company is well-positioned to capitalize on new government incentives and regulatory support aimed at reducing carbon emissions. This stock has recently broken its resistance and formed support, I have taken a target of around 27% using a monthly chart. The company’s recent earnings beat consensus estimates, with a significant increase in renewable energy revenues. This trend is likely to continue as the demand for clean energy rises. Given market volatility, position sizing should be managed carefully. Aim to risk only 1-2% of your total portfolio on this trade to align with sound risk management practices.
TSX:POWLong
by fatehgarhiaharman
Uranium Energy is it right time to buy?Price Levels and Trends 1. Resistance Levels: $7.70: The price has faced resistance at this level recently. $7.68: Another resistance point that the price recently touched but failed to break. 2. Support Levels: $5.83: The current support level, which has held the price from falling further. $4.35: The next support level, indicating potential support if the price drops below $5.83. $2.40: A historical support level from previous years. $0.5792: A very low historical support level, indicating the minimum price over the chart's timeframe. Trend Analysis Uptrend Channel : The price is moving within an ascending channel, with higher highs and higher lows. The upper trendline acts as resistance while the lower trendline acts as support. Current Position : The price recently hit the upper resistance of the channel around $7.68-$7.70 and has retraced to the support level around $5.83. Indicators 1. Stochastic RSI: Current Value: The Stochastic RSI is around 62.61, indicating a neutral to slightly overbought condition. This suggests there might be some room for the price to move up before becoming overbought, but caution is warranted. 2. Cumulative Volume Delta (CVD): Current Value: The CVD is showing a significant negative value (-35.662M), indicating that selling pressure has been dominant. This could mean that despite price increases, sellers have been in control, potentially foreshadowing further price declines or consolidation.
AMEX:UEC
by Z4F4R