Hello Traders, Let's delve into an analysis of INDUSTOWER today. In 2017, the stock exhibited a Double Top pattern, resulting in a significant bearish turn and a substantial drop from approximately 470 levels to 145 as of April 2023. However, a positive turn occurred when a Double Bottom formed at 145 levels in April 2023 (refer to the chart). Subsequently, the...
LATENTVIEW has formed a Beautiful "Cup & Handle Pattern" on weekly chart its CMP is 512 expecting 620 mark in max 4-6 months. However the IT sector is near by to All Time High and mostly there is a probability to break ATH in this Feb 2024.
Hello Traders, SOBHA LTD is a All time High stock and it has given a breakout yesterday on Daily chart. Ready to enter tomorrow at 1636 with Stop loss @1433 & target followed by 1:2 1:3 @2040-2250 levels. So this my Idea on this stock --What is your Idea on SOBHA LTD pls comment below. If you like my idea I really appreciate your support. Risk management is must...
Hello Traders, DMART as we can see on the weekly Chart since Nov 2021 stock was in a bearish momentum and finally after forming a proper Descending Triangle Pattern it gave a breakout on Nov 2023 and re-tested on the same trendline and it seems to be a Bull Run from CMP. CMP of the stock is 3852 and now it can go up to 4100-4130 levels. Stop loss would be...
Hello Traders, FSL has formed a clear CUP & HANDLE CHART PATTERN on weekly chart. Since July 2021 stock was in Down trend and now its almost near to its All time high price. 226-230 range could be the best entry zone in this stock followed by 180 Stop loss. Targets can be 1:2 and 1:3. If you feel this was helpful !! pls Like, Support & Follow Thanks for your...
Hello Traders, BANK NIFTY has formed a Clear Head and Shoulder pattern in 1hr. chart and breakdown the Level of 47200 and now it is consolidating at support level of 46900. Market is Bearish Case 1 :If it sustains at same level i.e 46900 we can expect an short upward rally to re-test at 47200-47300 levels and from there onwards we can see a bearish move...
Clear cut Ascending Triangle Breakout on Daily Chart. Too good for swing Trading.
Hello Traders, GRAPHITE INDIA back to Track on Weekly Chart after Triangle Breakout. It is extremly ready to take off from 600 to 715 and 940 Levels. Go with Stop loss 520. education purpose only-- Plan according as per your Risk Management. Play safe. All the Best.
Hello Traders, As per the weekly chart since 2011, NMDC LTD has predominantly traded sideways. It experienced a breakout in October 2023 and has been consistently bullish until last week. Currently, the stock is in a consolidation phase around its robust old resistance zone, particularly at levels ranging from 230 to 245. A retracement in the stock to the range of...
Hello Traders, As you can see on the Weekly chart of PVRINOX the price is almost at the support zone with Triple Bottom formation. So as per my view if a Bullish white candle(Green Candle) forms by end of this week at current levels there could be a super good chance that price can move upward direction up to 1550-1600 levels. CMP of the stock is 1406 and easily...
RALLIS INDIA with a solid Descending Triangle Pattern Breakout with Multiple Confirmation on Weekly Chart. Ready to take entry & Can expect easy 1:2 or 1:3 Targets with Proper Risk Management. Stock is Ready to take off.