deepanshusuman

deepanshusuman

The current price of Astral Pipes is ₹1630, with net income showing volatility but limited growth. A demand zone at ₹1530 has historically triggered trend reversals. Ideal buy levels are ₹1330 and ₹1180, where stronger support exists. **Technical Overview** - **Far below the 200-day moving average**: Indicates bearish momentum with room for reversal. -...

deepanshusuman

DMART has seen a significant correction, dropping 40% from its all-time high. The stock is likely to consolidate between the 3100–2500 range, presenting a potential buying opportunity for long-term investors.

deepanshusuman

Here’s my view for the near term: Potential reasons for a market pullback include: 1. Overstretched valuations 2. Uncertainty around the U.S. election 3. Year-end tax selling or portfolio rebalancing before December If the price dips below the 200-day SMA, this might indicate a shift toward correction and consolidation rather than a temporary dip, possibly...

deepanshusuman

Nifty 50 is approaching a critical support zone around 24,734 after a strong rally. Based on key technical levels and market structure, I anticipate a potential rebound targeting resistance near 26,648 and 27,068. Traders should watch for reversal patterns and increased volume near support to confirm the bullish move. Short-term consolidation may precede the next...

deepanshusuman

The chart indicates a potential bullish reversal after a pullback, with key support levels around 24,450 and 24,088. If the price holds, a rally toward 25,596 and possibly 26,228 could unfold. Watch for increased buying volume and momentum signals to confirm the uptrend. Keep an eye on economic factors that might influence the index’s movement.

deepanshusuman

The price may test the current support level and potentially move higher, or it could drop to the next support level. What are your thoughts?