AngshumanSaikia

AngshumanSaikia

Aarti Drugs - Key Levels to Watch 🔍 Aarti Drugs has shown some recovery after restoring production at its Tarapur unit, as per recent filings. Here’s the technical outlook: 1.Fibonacci Retracement Levels: Resistance at 0.618 (₹593) and 0.5 (₹676). Immediate support near 0.786 (₹476). 2.Volume Profile: High activity seen between ₹450-₹500. Sustained...

AngshumanSaikia

Analysis: Nifty 50 seems to be showing signs of recovery after a correction phase, with a potential inverse Head and Shoulders pattern indicating a bullish reversal. The neckline near the 23,700 level appears crucial, and a sustained breakout above this level could drive the index towards 24,042 and 24,461 in the coming weeks. Key support levels to watch...

AngshumanSaikia

📌 Current Price: ₹100.53 (+1.05%) 📌 Sector: Banking 📌 Timeframe: Daily Key Observations: 1.Descending Channel: PNB has been trading in a well-defined descending channel since its peak of ₹142.40. The current trend remains bearish, with lower highs and lower lows. 2.Fibonacci Retracement: Major Levels: 0.618 (₹113.59) : Key resistance. 0.5...

AngshumanSaikia

Key Observations: 1️⃣ Bullish RSI Divergence: The RSI indicates a bullish divergence, suggesting potential reversal or upside momentum. 2️⃣ Breakout from Descending Channel: After a period of consolidation within the descending channel, the stock has broken out, supported by improving momentum. 3️⃣ Volume Profile Support: Strong accumulation zone...

AngshumanSaikia

The copper market is showing bearish tendencies, with price breaking below a critical symmetrical triangle pattern. Here are the key insights: 1.Technical Breakdown: Price recently broke the lower boundary of the triangle, signaling a potential continuation of the downtrend. Strong selling pressure is reflected by increased volume. 2.Support Levels to...

AngshumanSaikia

The USD/JPY pair is currently moving within an upward channel, demonstrating a steady uptrend since the recent lows around 139.56. The pair has been respecting key Fibonacci retracement levels, which could act as areas of support and resistance. Key Levels to Watch: 0.236 Fibonacci Retracement (156.67): This level has served as a resistance zone, and a...

AngshumanSaikia

🚨 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...

AngshumanSaikia

Chart Overview: The price action for AU Small Finance Bank shows it has been moving within a rising channel for the past few years, currently testing key support levels. The bank recently saw a price downgrade from Nomura, which adjusted the target price to ₹670, retaining a neutral rating. This adjustment reflects some cautious sentiment among analysts. Key...

AngshumanSaikia

Current 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...

AngshumanSaikia

The EUR/USD currency pair appears to be consolidating within a large, slightly narrowing symmetrical triangle pattern that has been forming over the past year. Key observations: 1.Support and Resistance: The pair recently tested support near the lower boundary of the triangle (around the 1.0700 area), which aligns with a long-term uptrend line, creating a...

AngshumanSaikia

Trend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential. Technical Signals: EMA Support : Price bounced above key EMAs (20/50/100/200), showing strong support. Volume Surge : High buying volume after the Air France-KLM deal indicates increased investor confidence. RSI : Above 50, supporting bullish...

AngshumanSaikia

Key Observations: 1.Fibonacci Retracement Levels: The chart shows a clear downtrend from around 54,497 to the recent low near 50,279. Key retracement levels include: 23.6% Retracement : Around 53,497, indicating minor resistance. 38.2% Retracement : Near 52,882, a level that has acted as resistance multiple times. 50% Retracement : Around 52,385,...

AngshumanSaikia

🔹 Channel Support and Resistance The stock has been moving within an ascending channel since early 2022, creating a structured uptrend. Currently, it’s trading near the channel’s lower boundary, around ₹2,357. This zone has historically acted as a key support level, making it an area to watch closely for potential buying interest. 🔹 Descending Wedge Breakout...

AngshumanSaikia

Analysis: 1.Price Surge and Overextension: Waaree Energies Ltd has witnessed a sharp upward move, pushing prices significantly higher in a short period. This steep ascent could indicate an overextension, making the stock vulnerable to a pullback or consolidation phase. 2.Resistance Levels: Immediate resistance is observed around the 3,600 level, with...

AngshumanSaikia

Trendline and Support Levels: The USD/CAD pair is following a long-term uptrend, as highlighted by the purple ascending trendline. This trendline has acted as dynamic support since 2021, with multiple price bounces validating its strength. Key support levels are marked at 1.33647, 1.31234, and 1.29767. These levels represent potential areas where buyers could...

AngshumanSaikia

The daily chart of Sonata Software shows a notable consolidation phase after a strong uptrend earlier this year, which peaked around ₹837. The stock has been trading within a descending triangle pattern, a sign of ongoing consolidation with potential for a breakout in either direction. Here’s a closer look at key levels and technical indicators: 1.Fibonacci...

AngshumanSaikia

Price Structure and Fibonacci Analysis: Birlasoft's stock is currently in a descending triangle pattern, with price approaching a critical support level around ₹523, which aligns with the 0% Fibonacci retracement level from the recent peak of ₹859.55. The Fibonacci levels on this chart highlight major retracement zones: 23.6% Fibonacci level at ₹602.60...

AngshumanSaikia

Titan has been trading within a consolidation phase recently, suggesting that buyers and sellers are in balance. Let’s look deeper at the technical levels and indicators that might guide us in the coming sessions: 1. Support and Resistance Zones: Key Resistance Levels: The immediate resistance sits around ₹3,452.50 and further up at ₹3,557.05. These levels...