Kartik_Elkunchwar

Kartik_Elkunchwar Jan 28

JSW Infrastructure has released its financial results for the December quarter, showcasing a remarkable 32.35 percent surge in consolidated net profit, reaching an impressive Rs 335.62 crore. This substantial increase marks a significant rise from Rs 253.57 crore in the same quarter last year, fueled by a notable boost in income, as highlighted in the company's...

Kartik_Elkunchwar Jan 28

Hyundai Motor India reported a 19% year-on-year (YoY) decline in its consolidated net profit for the December quarter. The profit stood at Rs 1,161 crore, compared to Rs 1,425 crore during the same period last year. This decline was attributed to lower domestic sales and exports. As the stock has been recently listed, there isn't much historical data available...

Kartik_Elkunchwar Jan 28

Currently, the BONK coin is testing an important support level after a downward trend. If you are considering buying it, it's advisable to wait until it breaks above the downtrend line. This would provide two confirmations: the support level and the breakout from the trendline. Please be cautious with your decision, as it is a meme coin and can be highly volatile.

Kartik_Elkunchwar Jan 28

ATOM is currently at a significant level of 5.650, which has served as both support and resistance multiple times throughout the year. It acted as support in July 2024, as resistance at NOV 2024, and is now functioning as support again. Presently, ATOM is in a downtrend since reaching a high of 10.600. Given that it is at this support level, you might consider...

Kartik_Elkunchwar Jan 28

Currently, Litecoin is encountering formidable resistance at the $114 threshold, which has proven to be a critical barrier to upward momentum. Beyond this level, additional resistance can be observed at $140, suggesting a challenging climb for any bullish movements. On the downside, significant support is established within the $96 to $97 range, providing a safety...

Kartik_Elkunchwar Jan 28

ICICI Bank has seen a notable increase of approximately 2.5% following a robust quarterly performance that exceeded market expectations. The bank reported a significant net profit uptick of 15%, amounting to ₹11,792.4 crore, reflecting its strategic initiatives' effectiveness. Additionally, its net interest income (NII) soared to ₹20,370 crore, driven by a healthy...

Kartik_Elkunchwar Jan 26

JUPITER has broken through the short-term resistance level of $1.1850 and is attempting to maintain its position above this mark. However, the breakout occurred with a single major candlestick, making it difficult to predict whether it will sustain this breakout. At this point, it's important to wait for further price action. If you don't want to miss out on...

Kartik_Elkunchwar Jan 26

At the moment, DOT is nearing its critical support level of $6, a price point that has historically acted as a significant resistance level in the past. It's essential to be patient and observe for a strong bullish signal or a bullish technical pattern, such as a breakout or a reversal formation, before making any decisions about entering a long position. For...

Kartik_Elkunchwar Jan 26

Solana is currently exhibiting a symmetrical triangle pattern as it approaches its all-time high of $260. This pattern typically indicates a period of consolidation, where the buying and selling pressures are in relative equilibrium. Traders and analysts are closely monitoring this development, as a breakout from this formation could lead to a significant price...

Kartik_Elkunchwar Jan 26

Ethereum is currently on a downtrend from the 4100 resistance level, forming a flag and pole pattern. The next strong support level is at 2800, where we could see a positive move arise from either a breakout of the trendline, support at the 2800 level, or both co-occurring. It's important to patiently wait for a signal before making any decisions.

Kartik_Elkunchwar Jan 24

IRCTC has recently approached a significant multi-year support level at 768. This level has proven to be a reliable support point in both 2020 and 2023, indicating its importance for investors and traders alike. Currently, although we are observing a short-term downtrend in the stock's price, there is a potential turning point in sight. If the price manages to...

Kartik_Elkunchwar Jan 24

After a period of strong consolidation, HDFC Bank has successfully cleared the resistance level at 1660. This breakthrough indicates potential upward momentum in the stock's price. Currently, the stock is retesting this 1660 level, which could serve as a crucial support zone before it continues its upward journey. Considering the current market conditions and the...

Kartik_Elkunchwar Jan 20

Zomato's share price has already fallen around 12% from its day high, following the release of disappointing quarterly results. In Q3, Zomato's net profit declined by 57% year-over-year, totaling 59 crore rupees. Due to this poor performance, selling pressure is likely to continue. The stock is currently near its intraday support level of 230 rupees, which is...

Kartik_Elkunchwar Jan 20

HDFC Bank is currently navigating a range-bound market, maintaining stability with the upper range set at 1660 rupees and the lower range at 1629 rupees. This price action occurs in the lead-up to the eagerly anticipated earnings report, which is scheduled for January 22nd. Investors should consider positioning themselves for potential movements based on the...

Kartik_Elkunchwar Jan 20

At present, BANKNIFTY is approaching a crucial resistance level at 49800 rupees, which could potentially act as a barrier to any upward movement. It is important to monitor this level closely, as a breakthrough could signify a strong bullish trend. On the other hand, there is intraday support positioned at 49050 rupees. This support level may provide some cushion...

Kartik_Elkunchwar Jan 20

The NIFTY 50 index is currently navigating a rangebound market, attempting to break through a short-term resistance level at 23360 rs. So far, it has tested a significant support level of 23100 rs on two separate occasions, indicating a critical point for potential market stability or decline. Investors should exercise caution, as disappointing quarterly results...

Kartik_Elkunchwar Jan 5

WAAREE ENERGIES is currently developing a symmetrical triangle pattern on its price chart. This technical formation suggests that the stock is consolidating, with decreasing volatility as it approaches the triangle's apex. At this time, the share price has bounced off the lower trendline of the triangle, which is situated at the 2820 price level. This rebound...

Kartik_Elkunchwar Dec 16, 2024

Adani Green Energy has reached a significant support level of around 1180, coinciding with the 0.5 Fibonacci retracement level. This indicates a strong potential for a rebound at this price point. Given these technical indicators, considering entering a long position could be an opportune moment. The projected target range for this trade would be between 1450 and...