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SBIN Weekly Levels and reportLook at the Weekly Chart: This will show you how SBIN’s price has moved each week. Identify Support and Resistance: Support is where the price usually doesn’t fall below (like a floor). Resistance is where the price often doesn’t go higher than (like a ceiling). Example: If SBIN’s price bounced off ₹590 a few times, that’s support. If the price keeps struggling around ₹640-650, that’s resistance. Check for Fibonacci Levels (Optional): You can use a tool that shows you Fibonacci retracement levels. It helps find where prices might bounce or reverse. Key levels to watch for are 38.2%, 50%, and 61.8% retracements from a big move (up or down). Draw Trendlines: If SBIN has been moving up, draw a line connecting the lows to see where it might find support in the future. If it’s in a downtrend, connect the highs to see where resistance might be. Check the Moving Averages: The 50-week and 200-week moving averages can show if the stock is generally moving up or down. If SBIN is above the 50-week average, it might be in a bullish (up) trend. If it’s below the 200-week average, it might be in a bearish (down) trend. Look for Round Numbers: Prices like ₹600, ₹650, ₹700 are often seen as psychological levels. Traders often watch these prices because they’re easy to remember. Example: If SBIN recently bounced off ₹590 or ₹600 multiple times, that’s support. If it keeps facing resistance around ₹640 or ₹650, those are resistance levels. Final Thoughts: If SBIN’s price breaks above resistance (say ₹650), it might go higher. If it falls below support (say ₹590), it might drop further.
NSE:SBINLong
by SkyTradingZone
Positional Setup for Manappuram Finance Ltd (NSE) From your TradingView chart: CMP: ₹264.80 Breakout Zone: ₹245–248 (highlighted in purple) Previous Resistance: ₹245–250 (now flipped to support) Indicators: Supertrend: ✅ Bullish TEMA (5,9,20): ✅ Trending upward Volume/Price Action: Sharp breakout candle with nearly 7% gain—strong confirmation 📈 Technical View (Positional) Manappuram has broken out of a multi-month resistance zone after consolidation. Strong follow-through with volume indicates strength. It is now trading at multi-year highs, suggesting fresh upside potential. 🚀 Positional Targets: Target 1: ₹285 Target 2: ₹305 SL (Closing Basis): ₹248
NSE:MANAPPURAMLong
by RajputAmarjit
Precision Wires India Ltd: Breakout + Fundamental Bullish SetupTechnical Analysis (Daily Timeframe) Breakout Pattern: consolidation breakout with Strong bullish DOJI candle above ₹185–₹187 Volume Confirmation: with a spike in volume (767.6K vs avg 571.2K)✅ Yes Trend: Strong uptrend; Higher Highs & Higher Lows Bullish momentum intact Price above 20 EMA & 50 EMA FUNDAMENTALS ANALYSIS : Company fundamentals are fully strong, company low debt and high reserves make it fundamentally strong PROFIT & LOSS: Company revenue increased YOY Company net profit good Profit Margin improved from 3.9% to 4.2% that is the good sign. 🔼 Steady revenue growth with increasing margins shows operational efficiency and cost management. Fundamental Summary Parameter Verdict Earnings Growth : Consistent YoY Financial Health : Excellent Promoter Holding: Stable & high Business Model: Stable & scalable Trade conclusion: Strong volume Breakout from Consolidation Earning Growth and ROCE >15% Debt free company with high promoters confidence. Good Sector 📢 Disclaimer: Not investment advice. Do your own research (DYOR). This idea is shared for educational and tracking purposes.
NSE:PRECWIRELong
by Airborn_trader