JPY/USD Breakout Analysis - Symmetrical Triangle Pattern: Symmetrical Triangle Breakout Move: +6.31% (438.6 pips) --- Key Levels: -Resistance: 0.0073859 (Target) - Support: 0.0071092 (Breakout level) --- Analysis: - JPY/USD has broken out of a symmetrical triangle pattern, signaling potential bullish momentum. - The price is approaching the next...
Technical Analysis of Havells India Ltd. (NSE: HAVELLS) For study purposes only Fibonacci Levels: The stock is consolidating near the 23.6% retracement level at ₹1,949, with a strong resistance zone around ₹1,985. A breakout above this could push the price towards its all-time high of ₹2,169. Key support levels to watch are ₹1,812 (38.2%) and ₹1,702...
Here is a professional summary of the technical chart for **Pidilite Industries Ltd**: --- **Pidilite Industries Ltd Technical Analysis** The price action of **Pidilite Industries Ltd** (NSE: PIDI) is currently trading at ₹3,270.80, showing a steady uptrend with recent gains of +1.15%. The chart highlights several key levels based on Fibonacci retracement and...
Summary: The chart analysis for Reliance Industries Ltd. (NSE: RELIANCE) indicates the formation of an Inverse Head and Shoulders pattern, which is a classic bullish reversal signal. The stock is currently trading around ₹3,024.55 and appears to be testing a crucial resistance level. Key Observations: Inverse Head and Shoulders Pattern: Left Shoulder: Formed...
Key Levels: Entry Point: The breakout from the handle, around the ₹1,198.45 level, suggests a potential entry point. Target Price: The measured move from the bottom of the cup to the resistance level (height of the cup) is projected upwards, targeting around ₹1,386.50, which is approximately 17-19% above the entry point. Stop Loss: Positioned near ₹1,150.25, which...