TheSnop

TheSnop

This chart represents the #BankNifty Index on a 30-minute timeframe. The image illustrates a breakout scenario from a consolidation phase (highlighted in yellow) following a descending trendline. The breakout is confirmed by a sharp upward price movement backed by increasing volume, indicating strong bullish momentum. The green zone marks the potential upside...

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- Head and shoulder made and broke down (Distribution) - Inverse head and shoulder made and broke out (Accumulation) Now we target north of 28000 with the next breakout above 24800 here!

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#NIFTY if we get this breakout above 23960 we will be pretty good! Potential Upside will be the mentioned fib levels: 24115 - 24400 - 24760 Market for me will still be a sell on rise and i expect a major reaction at 24400 - 24500 zone if we get there! As of now maharashtra election trigger is there and we might gap up open big on monday! Will be Ultrabearish...

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The technical chart for Zomato Limited, shown on a 1-day timeframe, highlights a bullish trend as the stock attempts a breakout above the key resistance level of ₹306. This breakout could potentially lead to further upside, targeting the price zones between ₹312, ₹321, and ₹328, as indicated on the Fibonacci retracement. The stock currently trades at ₹299.35, up...

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This chart illustrates the technical analysis of Oracle Financial Services Software Limited (OFSS) on a 4-hour timeframe. The price is currently trading around ₹12,510, consolidating near a critical resistance level of ₹12,650. A breakout above this level is required to confirm bullish momentum and unlock the potential upside towards the next target zones at...

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The weekly chart for Reliance Industries showcases a critical price zone near ₹1,300, which the stock needs to decisively break above to confirm a bullish reversal. A recent retest near ₹1,265 aligns with the 38.2% Fibonacci retracement, suggesting potential technical support. The upside targets are projected between ₹1,372 and ₹1,473, while a closing below ₹1,226...

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The daily chart for Granules India Ltd. signals a bearish outlook, particularly with the recent close at ₹532.40, a 5.29% drop. The price has approached a critical support level at ₹528. A breakdown below this level could trigger further downside toward ₹508, ₹486, and potentially ₹460. The 200-day moving average hovers around ₹567, and any close above ₹576 would...

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A massive support here awaits for the next and one of the biggest breakdown, once 23100 breaks on closing basis, we might see targets of upto 22500 on the breakdown. A break above 23500 might be invalidation of this view.

TheSnop

The chart depicts the weekly timeframe analysis of Paytm (ONE 97 Communications Ltd) stock, showing a significant resistance level near the 820 INR price zone, represented by the thick blue horizontal line. Paytm’s stock has been on an upward trajectory, bouncing from lower levels, and is now testing critical resistance levels. The trendline, descending from...

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🚀 Dixon Tech shows a powerful breakout, with the price spiking +8.7% today, taking it to INR 15,655! This move keeps the stock within its ascending channel, with clear signs of continued bullish strength. 📊 Key Levels to Watch: Resistance Zone: INR 16,000 - 16,300 is the potential upside, where Dixon may face some selling pressure if it reaches this...

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IRCTC’s stock is showing signs of weakness on the weekly timeframe, with a clear head-and-shoulders pattern that suggests potential downside risk. Currently trading around 831, IRCTC is facing resistance at the 847 level, which acts as a critical barrier for bulls. A close above this level on a weekly basis would be needed to invalidate the bearish outlook,...

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DIXON fell almost 13% but recovered back above SMA50 and 38.2fib back inside the rising channel. Almost 900 points off the bottom. Should look for further upside after posting brilliant earnings report. Dixon Technologies is currently trading within a well-defined upward channel on the 4-hour chart, suggesting a bullish trend. The stock has touched key...

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BEL 1-Day Falling Wedge Breakout Opportunity Bharat Electronics Ltd. (BEL) has formed a classic falling wedge pattern on the 1-day chart, hinting at a potential bullish reversal. A breakout above the key level of 287 INR could indicate strong upward momentum. If BEL successfully breaks and sustains above this level, it would confirm the bullish outlook, paving...

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We have seen some major trendline break and support zone lost in the past one week and now another one has fallen victim of the bear trend that has recently started in light of Israel-Iran conflict. We close a candle below 25100 which was a major support and once we break previous weeks low next week, we are bound for some major sell off again! MAJOR DEMAND ZONE...

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🚀 Dixon Technologies on the Verge of a Breakout! 🚀 Looking at the 4-hour timeframe, we see an interesting setup forming. Dixon Tech has shown resilience by bouncing off a well-established channel that’s trending upward. It’s touched the upper trendline multiple times, giving us a potential double top scenario. 📈 However, the latest breakout from the downtrend...

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The Nifty 50 chart displays a classic head and shoulders breakdown, signaling a potential reversal of the prior bullish trend. The breakdown occurred as the price decisively breached the neckline around the 24,590 level, which coincides with the 70% Fibonacci retracement. This breakdown suggests a potential bearish move, with the price targeting key Fibonacci...

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📉 IndusInd Bank’s Crash: What's Happening? 📉 Today’s massive drop in IndusInd Bank stock price has left investors stunned! The stock plummeted by over 22%, closing at ₹1,041.60, with a high at ₹1,694.50 earlier this year. With earnings missing estimates, reporting just ₹17 vs an expected ₹28.40 (a 40.14% negative surprise), the market responded aggressively. Even...

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This chart on the Bank Nifty 2-hour timeframe tells a story of critical support and resistance levels. After breaking down from the rising channel and falling below the 50-period SMA, the index has shown weakness, retesting the channel and getting rejected near key moving averages. Bullish sentiment remains in check, with potential recovery only if the price can...