RELIANCE- DEMAND/SUPPORT ZONERIL- Broken down below crucial price zone, testing the 200 W MA, break below that will target prices mentioned. If we do see Index break and RIL 1000-1050, IDEAL entry point, can get 20-25% most likely.
Nsenifty50
City Union Bank Ltd. (CUB) AnalysisDetailed analysis of the chart and key levels for City Union Bank Ltd. (CUB) along with potential targets:
Key Levels:
Support Levels:
₹165–₹170: Recent breakout level (previous resistance turned into potential support). Any retest of this level could provide a buying opportunity.
₹120–₹140: Strong multi-year demand zone. The stock has bounced from this area multiple times in the past, making it a crucial support zone.
Resistance Levels:
₹190–₹195: Immediate resistance near the current price. This level could act as a short-term hurdle.
₹200–₹210: A historically significant resistance zone that aligns with prior peaks from 2022 and early 2023.
₹220: Next major resistance based on the last significant swing high (mid-2022).
Targets:
Assuming the breakout sustains and bullish momentum continues:
Short-term Target:
₹190–₹195: Test of immediate resistance.
₹200: Psychological and historical resistance level.
Medium-term Target:
₹210–₹220: If the stock sustains above ₹200, this zone is the next logical target, as it represents the previous major peak.
Long-term Target (Bullish Scenario):
₹240–₹260: If the stock continues its upward trajectory, these levels could act as long-term targets based on historical highs in 2019.
Risk and Stop Loss:
Stop Loss: Place a stop loss below the ₹165 level (previous breakout zone) to manage downside risk.
Pullback Level: A healthy pullback to ₹170–₹175 could provide better entry opportunities if not already in the trade.
Conclusion:
The stock is showing signs of a bullish breakout from a long-term downtrend. Sustaining above ₹185 and crossing ₹190–₹195 will confirm bullish continuation. Traders can aim for the ₹200–₹210 range in the short to medium term, while the ₹220–₹260 levels are achievable in the long run if momentum persists. Monitor closely for volume confirmation and price action near resistance levels.
SBILIFE Correction Time
Fresh Monthly Supply to fresh monthly Demand we have the Curve ready.
Now further in the lower timeframe we have a previous low violated and hence we se that the Sellers have come in Power.
Maybe just a little late to get inn but better late then never.
NSE:TALBROAUTO - Weak hands out ?? ready for next leg upTalbros Automotive Components Limited is an India-based company that is primarily engaged in the manufacturing of automotive components. The Company offers a range of products, including multi-layer steel gasket, exhaust manifold gasket, rubber molded gasket, cylinder head gasket, gasket with electrical controls, edge molded gasket and heat shield. It also offers a range of products, including kingpins, gear blanks, housing and yoke shafts, power transmission parts for hybrid and electric drive, and vehicle structural parts. Its auto component has its presence across automobile categories in two-wheelers, passenger vehicles, commercial vehicles and farm equipment. It offers manufacturing capabilities, including three-dimensional (3D) modeling, dies and tool design, and 3D design. Its gasket manufacturing facilities are located in Faridabad, Haryana; Pune, Maharashtra, and Sitarganj, Uttarakhand. Its forging manufacturing facilities are located in Bawal, Haryana.
Source Bloomberg
Nifty intraday trade set-up NSE:NIFTY
Have a look at the support and resistance and the possible yellow line movement.
Never trade a short without a stoploss.
*Not a financial advice to buy or sell. Only speculations.
My charts speaks louder than words.
I'm a chartist and I paint charts.
Fine Organics inching towards all time highbullish above 3100 for shot term target of all time high
rising volume and RSI ( after giving divergence)
Strong bullish candle 2 days back followed by consolidation.
1900 LIMIT ORDER PLACED Reliance Industries Daily and Weekly time frames looking good for long term in terms of Price Action
