shekharvsingh1

shekharvsingh1

Reliance Industries – Key Weekly Chart Setup | Strong Support Zone & Rebound Potential 🚀 Ticker: RELIANCE (NSE) Timeframe: Weekly Current Price: ₹1,299.50 Technical Indicators: 200W MA, Fibonacci Retracement, MACD Divergence 🔍 Technical Analysis Insight: Reliance Industries is currently hovering around its 200-week moving average (MA) (~₹1,220–₹1,225...

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TCS has entered a historically significant zone. As visible in the weekly chart, the stock is currently trading below its 200-week moving average — a level that has only been breached during the 2008 global financial crisis. 📌 Key Observations: Current price: ₹3,248.40 200-Week MA: ~₹3,626 MACD shows deep oversold territory – a typical sign of exhaustion...

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The weekly chart of ICICI Bank reveals an intriguing historical pattern. Since 2008, the stock has experienced at least six significant corrections, each exceeding 30% from its peak. Despite its robust long-term uptrend, these periodic downturns highlight the cyclicality of market behavior and investor sentiment. Key Observations from the Chart: Historical...

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📉 Current Price: $210 📊 Technical Outlook: NXPI is testing a strong trendline support. The stock is currently hovering around the 200-Week Moving Average, which has acted as a dynamic support level in past corrections. Additionally, it is at the 61.8% Fibonacci retracement level from the previous high, a crucial level often associated with reversals. The MACD...

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Bajaj Finance (BAJFINANCE) has finally broken out of a long-term consolidation channel on the upper side, signaling a potential bullish breakout. This breakout comes after more than three years of price action within a well-defined range. 🔎 Key Observations: ✅ Breakout Above Resistance: Price has decisively moved above the upper boundary of the channel. ✅ ...

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📉 Stock Correction: Supreme Industries has seen a sharp decline of nearly 45% from its all-time high, bringing it down to a critical support zone. 📊 Technical Setup: ✅ 200-Week SMA Test: The stock is currently hovering around its 200-week simple moving average (SMA), considered strong support level. ✅ Fibonacci 0.618 Retracement: The price has corrected...

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The latest weekly candle on the Nifty 50 chart is forming a bullish engulfing pattern, indicating a possible short-term bounce in the coming weeks. This could present a trading opportunity for short-term traders. Key Observations: 📈 Long-term trendline support: The trendline from COVID-19 lows is holding, suggesting a potential rebound. 📊 MACD histogram:...

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Bullish Engulfing and Fibonacci Channel Support Last week’s green candle on the weekly chart of NASDAQ:GOOGL has engulfed the main body of the previous red candle, signaling a potential trend reversal. Moreover, the price has respected a key support level within the Fibonacci channel, further strengthening the bullish sentiment. Key Observations: Fibonacci...

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Hello ! The Nifty 50 attempted a recovery today, bouncing from a crucial support zone defined by the Fibonacci channel. Nifty continues to trade below its 20, 50, and 200-day moving averages, reinforcing the broader bearish trend. Key Support Level: A decisive break below 23,500 (today’s low) could trigger a deeper correction toward 23,269, the next Fibonacci...

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Technical Highlights: Elliott Wave Analysis: The chart appears to be following an Elliott Wave structure, where Wave 4 correction seems to have concluded near the 61.8% Fibonacci retracement level (~₹590). Wave 5 seems poised to begin, with the potential to push prices significantly higher. Fibonacci Extension Targets for Wave 5: Using the Fibonacci...

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CDSL: Poised for New Highs with Strong Support and Bullish Momentum Weekly Technical Analysis of CDSL Stock The CDSL stock is currently showing strong bullish momentum on the weekly chart. After a healthy retracement, it has taken support in the 1705–1715 zone, which aligns with the 1.618 Fibonacci extension level. This level has acted as a solid support base,...

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Possible further downside in Nifty 50 The chart seems to display an inverted cup and handle pattern, a bearish formation that often signals a potential downside. The MACD line is crossing below the signal line and approaching the zero line from the positive territory, signaling weakening bullish momentum. The index is currently testing the lower boundary...