Monthly Breakout; However, still at Important Resistance zone. Once 10.70 is Crossed & Sustained, 12 - 12.50 can be easy Targets. It has given a Breakout from Rectangular Channel around 8.70 - 9. & also re-tested it. Hidden Bullish Divergence has also appeared. as of Now, it should not break 6.60.
Morning Star Formation on Weekly TF. Strong Trendline Support around 9.40 - 9.50 However, Accumulation can be started from Current Level (10 - 10.50); Should not Break 8 (even in worst cases) Upside Targets can be around 13 - 14 & then 16 -18
Continuously making LH LL (Downtrend). Currently at an Important Support level. Double Bottom formation around 1200. Bullish Divergence is there on Daily TF, which is a Positive Trigger. However, the stock will reverse its trend once it will Cross & Sustain 1465 atleast. & if this level is Crossed & Sustained, we may witness 1700 - 1730 initially. On the flip...
Bullish on All Time Frames. Strong Bullish Divergence on Weekly TF. However an Important Resistance is around 15.70 - 16. If Crossed & Sustained with Good Volumes, we may witness 18 - 19. Bearish Divergence on Daily TF may show some Selling pressure. In Simple Words: Stock is Good to Hold with Proper Stoploss (as per your own Risk appetite.) For Fresh Entry,...
Though Still Bearish but Bullish Divergence on Daily TF. This Week's Closing is Important (should be above 45). However, if 45 is Not Sustained, we may witness more Selling Pressure may be around 25, not immediately but may be in couple of months. Do not forget that BBFL has reported Excellent Financial Results for the Half Year Ended 31st Dec.2024
Beautiful HH HL formation. It may give a good move upside if retrace till 90-91. Upside targets can be 128 - 130 & then 143 - 145. However, 109 - 110 is an Important Resistance level.
Bullish Divergence at a Support Level. 10.52 should be Sustained on Monthly Basis.
Beautifully making HH HL on Monthly TF. However, Bearish on Daily TF. a Perfect Example of Bearish ABCD Reversal Pattern, Touched Point D & Reversed. Now, either it should close above 1520 on Monthly basis for a positive move probably upto 1600+ else, the selling pressure may bring it to the Next Support around 1300 - 1365. In worst case, it may touch 1140 - 1145.
Bearish ABCD Pattern seems to appear with Potential Targets around 900+ However, 690 - 790 is an Important Zone that needs to Cross & Sustain for further Upside. Immediate Support can be the CMP if 615 is not Broken. Important Support Zone seems to be in the range of 575 - 605. Should not break 560 at least, otherwise more selling pressure can be observed.
Currently at an Important Resistance zone. Once this Resistance is Broken, we may witness 170+
a Very Strong Resistance around 138 - 140. Those who have already taken entry in BCL should keep a Stoploss of 117 on Closing basis. Initial Targets can be around 128 - 130 & then towards 136 - 138. These levels should be easily attained because of Hidden Bullish Divergence. Crossing & Sustaining 140 will lead it towards 150 - 155. Long Term Targets can be above...
Currently at Immediate Resistance. Should not break 175. 208 - 210 can be witness if 198 - 199 is Crossed & Sustained. Bull run will resume once 228 - 230 is Crossed with Good volumes.
Cup & Handle Pattern formation on Monthly TF. H&S pattern on Daily TF. S1 around 192 - 193 S2 around 183 - 185 Worst Case scanerio Support around 150. Should not break 130 - 135. Upside Targets can be around : Immediate Resistance around 234 -235 Short to Medium Term : 250 - 270 ABCD Pattern Target around 300
Stock is in Uptrend. 0.382 fib retracement done around 36-37. Crossing & Sustaining 49 may lead it towards 54 - 55. Current level may act as Support. However, Bearish Divergence is there, so better to wait for Crossing 49. Rectangular Box + Previous HL is around 32.80 - 33 that should not break in any case, otherwise Trend Reversal is Possible.
Weekly Cup & Handle Targets Intact. However, Bullish Flag Pattern Target is achieved. Slight Correction is Expected. But Stoploss is Must.
Immediate Support level is around 111582 - 110602. Resistance is Still the same around 113000 & then around 115500 -115700
GHNI has successfully completed its Weekly ABCD Pattern around 590 - 595. However, there is No Bearish Divergence Yet on Bigger Time Frames. Monthly Closing above 592 - 595 would be a Positive Sign. However, it should retrace upto 540 - 550 once for a Good Upside Rally again. Breaking 500 may bring further Selling Pressure.
Recently made HH HL on Bigger TF. Breakout Re-test possible around 21.50 - 22 Otherwise, Trendline Support around 24.80 - 26 Upside Targets can be around 28.50 - 29 & then 31+