Pushpmegh

Pushpmegh

Chart Analysis: Instrument: Gold Futures (1-hour timeframe) Key Patterns Identified: Flag & Pole Pattern: A sharp upward move (pole) followed by a consolidation (flag) indicating potential continuation. Rounding Bottom: A gradual rounding formation indicating accumulation and potential upward movement. Sloping Trendline Resistance: Marked as a diagonal dashed...

Pushpmegh

The chart follows Elliott Wave Theory, Fibonacci retracements, and trend channel analysis. Here’s a summary of the key observations: Key Technical Observations: Elliott Wave Analysis: The chart follows a five-wave impulse pattern. Wave 3 appears to be reaching its peak, while wave 4 is anticipated to correct before wave 5 extends further. Fibonacci Levels: Key...

Pushpmegh

Technical Summary: Elliott Wave Structure: The chart suggests an ongoing impulse wave (Wave 3 in green) after completing Wave 2 correction. Future projections indicate the completion of Wave 5 around 15,543 as a 1.618 Fibonacci extension. Support & Resistance Levels: Strong Support: 5,718.60 (highlighted in green) – a crucial support area. 5,292.75 (Fibonacci...

Pushpmegh

Technical Summary: Trend Channel & Current Price Position: The price is moving within an upward-sloping channel. Currently, it is testing the lower trendline support, which is critical for further movement. Fibonacci Retracement Levels: 0.382 level at 1,196.30 – a common retracement support. 0.5 level at 1,252.15 – another key retracement zone. 1.618 extension...

Pushpmegh

Technical Summary: Elliott Wave Structure: The stock is currently in Wave 4 correction after completing Wave 3. A Wave 5 uptrend is expected once the correction is complete. Fibonacci Retracement: 0.5 level (~533.25) and 0.382 level (~605.00) are key retracement zones. The price is near the 514.65 support, a critical zone for a reversal. RSI Analysis: RSI is at...

Pushpmegh

This chart represents the weekly price action of Jindal Stainless Ltd. (NSE) with an Elliott Wave analysis and Fibonacci retracement levels. Here's a summary of the key observations: Technical Analysis Summary: Elliott Wave Structure: The stock appears to be in a corrective Wave 4 after completing an impulsive Wave 3. A potential Wave 5 uptrend is anticipated,...

Pushpmegh

Chart Analysis & Summary: Stock Overview: Stock: Bhagyanagar India Ltd (NSE) Current Price: ₹71.60 Change: -₹3.47 (-4.62%) Timeframe: Weekly (1W) Technical Levels & Fibonacci Retracement: Resistance & Highs: Recent high at ₹163.30. Another key level around ₹128.89. Fibonacci Levels: 0.5 retracement at ₹81.19. 0.618 retracement at ₹70.16 (a critical support...

Pushpmegh

Chart Analysis & Summary: Stock Overview: Stock: Bhagyanagar India Ltd (NSE) Current Price: ₹71.60 Change: -₹3.47 (-4.62%) Timeframe: Weekly (1W) Technical Levels & Fibonacci Retracement: Resistance & Highs: Recent high at ₹163.30. Another key level around ₹128.89. Fibonacci Levels: 0.5 retracement at ₹81.19. 0.618 retracement at ₹70.16 (a critical support...

Pushpmegh

Key Observations: Chart Patterns: A cup-and-handle formation is visible, indicating a bullish continuation pattern. A wave structure (likely Elliott Wave) is drawn, showing a Wave 5 target at 259.50 INR. Support & Resistance: Support Zone: 125-135 INR (marked as a buying opportunity). Stop Loss (SL): 111 INR. Resistance Levels: 164.05 INR (1.618 Fibonacci...

Pushpmegh

This chart is an Elliott Wave analysis of Greenply Industries Ltd. (NSE) on the weekly timeframe, indicating potential price movements. Key Observations: Elliott Wave Count: The chart follows a five-wave impulse structure (marked in orange). Wave 3 has peaked, and Wave 4 is in progress, expected to correct before Wave 5's continuation upward. Support &...

Pushpmegh

The provided image is a technical analysis chart of Allcargo Logistics Ltd. based on weekly timeframes. Below is a summary of the key observations: 1. Price Action & Trend The stock is currently trading at ₹32.97, down by -3.74%. There has been a notable decline from previous highs, indicating a downtrend. The price has fallen below the key support levels...

Pushpmegh

The chart represents a technical analysis of Prakash Industries Ltd. on a weekly time frame from the NSE (National Stock Exchange of India). Here are the key takeaways from the analysis: Elliott Wave Analysis The chart follows Elliott Wave Theory, with waves 1 to 5 labeled. The stock appears to be in Wave 4 consolidation, preparing for a potential Wave 5...

Pushpmegh

Analysis of the Chart (Jindal Stainless Ltd - NSE, Weekly Timeframe) 1. Elliott Wave Structure Wave (1) and (2) are complete. Wave (3) reached its peak and Wave (4) is forming, finding support near 549.90 INR (highlighted blue line). Wave (5) projection: The chart suggests a possible bullish move from Wave (4) to Wave (5), targeting new highs. 2. Fibonacci...

Pushpmegh

1. Trendline & Support Levels: A long-term upward trendline (dashed pink line) is drawn connecting significant lows. The price recently tested the trendline support and rebounded slightly, indicating a possible buying interest at this level. Historical bounces from this trendline (circled in purple) suggest it has been a strong support in the past. 2. RSI...

Pushpmegh

1. Price Action & Trend Analysis The stock has been in an uptrend since its low in late 2022, following an ascending trendline (dashed black). Multiple higher lows (circled in blue) have formed, respecting the trendline. Currently, the stock broke down sharply (-11.57%), testing both the trendline support and the horizontal resistance turned support (black...