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ALKYLAMINE : Set for a Chemical Reaction?Technical Analysis of Alkyl Amines Chemical Ltd. (NSE: ALKYLAMINE) Chart Description The daily candlestick chart for Alkyl Amines Chemical Ltd. (ALKYLAMINE) on NSE highlights price movements over the past year. The current price is ₹1,998.85 , showing a significant market move. Key technical elements such as Elliott Wave counts, retracement levels, and trend lines provide a comprehensive outlook for potential price action. Key Levels and Zones Deep Retracement Zone (₹1,840.65 - ₹1,838.95): Critical retracement aligning with Fibonacci 113%-127% of the last swing low. The price has touched this zone, signaling potential support and reversal. Golden Retracement Zone (Smaller Time Frame, 50%-70%): Significant retracement level for short-term reversals, identified on a smaller time frame. Liquidity and Demand Zones: Zones of liquidity buildup that suggest potential areas of high trading activity, often resulting in notable price movements. Target Zones: First Target Zone: ₹2,315 - ₹2,368 Second Target Zone: ₹2,574.10 - ₹2,657.30 Target areas are identified based on historical movements and Elliott Wave projections. Trading Plan Entry Points: Primary Entry: Enter near the deep retracement zone ( ₹1,840.65 - ₹1,838.95 ) upon confirmation of support and reversal signals. Secondary Entry: Consider entry near the golden retracement zone on a smaller time frame if reversal signals appear. Stop Loss: Place a stop loss at ₹1,825 to manage risk if the price falls below the deep retracement zone. Target Levels: First Target: ₹2,315 - ₹2,368 Final Target: ₹2,574.10 - ₹2,657.30 Risk Management: Monitor liquidity and demand zones closely. Exit the position if the price fails to break above these zones. Adjust stop loss and targets dynamically based on market conditions. Prediction The price is expected to move upwards if it sustains above the deep retracement and liquidity zones, targeting ₹2,315 - ₹2,368 initially, with further potential toward ₹2,574.10 - ₹2,657.30 . A failure to hold these levels could lead to downside pressure. Educational Insights Elliott Wave Analysis: Wave counts provide insights into market cycles and trends. Fibonacci Retracement: Essential for identifying critical support and resistance zones. Liquidity Zones: High activity areas often precede significant price movements. Risk Management: Proper stop losses and dynamic targets are vital for effective risk/reward. Disclaimer: Trading involves risks. Conduct thorough research or consult a financial advisor before making any decisions. 📊✨
NSE:ALKYLAMINELong
by LiveTradingBox
ARCHIDPLY : POISED FOR A BREAKOUT?ARCHIDPLY IND. LTD.: Poised for a Breakout? 🚀 Chart Description The chart for ARCHIDPLY IND. LTD. on the NSE displays daily price movements with key technical levels and zones. The current price is ₹113.19 , reflecting an upward move of 2.50% . Annotations highlight important areas such as Wave C completion, deep retracement, liquidity buildup, target zones, and support zones. Key Levels and Zones Wave C Completion Zone (₹104-₹108): This is marked as a potential completion area for corrective Wave C. Recent testing of this zone shows upward movement, indicating support. Deep Retracement Zone (₹108.14-₹111.90): Aligned with Fibonacci 113%-127% , this zone represents a significant retracement. A reversal from this level is possible. Liquidity Buildup Zone: Around the current price, this zone shows liquidity accumulation, suggesting potential for significant price movement. First Target Zone (₹145-₹150): Initial target for upward movement if the price breaks above the liquidity buildup zone. Profit Booking Zone (₹149.30-₹156.33): A higher target zone for profit booking after significant upward movement. Support Zone (₹75-₹84): The lower zone could be tested if the price breaks below the deep retracement zone. Trading Plan Entry Points: Primary Entry: Enter long near the Wave C completion zone ( ₹104-₹108 ) if reversal signals appear. Secondary Entry: Consider another entry near the deep retracement zone ( ₹108.14-₹111.90 ) if reversal signals confirm. Stop Loss: Set a stop loss at ₹99.79 to manage risk if the price breaks below the deep retracement zone. Target Levels: First Target: ₹145-₹150 Final Target: ₹149.30-₹156.33 Risk Management: Monitor the liquidity buildup zone carefully. Exit if the price fails to break above this zone. Adjust stop loss and targets based on price action and market conditions. Prediction If the price holds above the deep retracement and liquidity buildup zones, expect upward movement toward the first target ( ₹145-₹150 ) and potentially the profit booking zone ( ₹149.30-₹156.33 ). A failure to sustain above these zones may result in testing the lower support zone ( ₹75-₹84 ). Educational Insights Wave Analysis: Wave C completion often signals the end of corrections in Elliott Wave Theory. Fibonacci Retracement: Key retracement levels align with important support/resistance. Liquidity Zones: Monitoring these zones can identify breakout/breakdown points. Risk Management: Proper stop loss placement minimizes risk. Adjusting targets dynamically ensures better risk/reward. Disclaimer: Trading involves risks. Conduct your own research or consult a financial advisor before making decisions. 📊✨
NSE:ARCHIDPLYLong
by LiveTradingBox
Analysis of the Cummins India Ltd. (CUMMINS)Analysis of the Cummins India Ltd. (CUMMINS) Chart: Key Observations: Resistance and Breakout Zone: The chart highlights a significant resistance level at ₹3,600–₹3,620, which the stock is currently testing. A downtrend line (dotted) also converges near this zone, making it a critical level to watch. A breakout above this trendline would confirm a bullish move. Support Level: The ₹3,262 level acts as a strong horizontal support zone. The stock has tested this level multiple times, indicating solid buying interest at this level. Targets Identified: Target 1: ₹3,883.75 — This is the next key resistance zone if the stock breaks out above ₹3,620. Target 2: ₹4,106.45 — This level represents the next significant hurdle based on prior highs. Consolidation Phase: The stock has been consolidating in a range between ₹3,262 and ₹3,620 for the past few months, creating a base for a potential breakout. Targets: Short-term: A breakout above ₹3,620 can lead to a move toward ₹3,883 (Target 1). Sustained momentum beyond ₹3,883 can aim for ₹4,106 (Target 2). Medium-term: If ₹4,106 is breached, the stock could head toward ₹4,200–₹4,300 in a strong bullish scenario. Trading Plan: Entry: Enter on a breakout and sustained close above ₹3,620 with volume confirmation. Stop Loss: Place a stop loss at ₹3,500 (below the breakout zone) to manage risk. Target Levels: Short-term target: ₹3,883. Medium-term target: ₹4,106. Pullback Opportunity: If the stock retraces to ₹3,500–₹3,550 and holds, it could provide a better risk-reward entry point. Conclusion: Cummins India Ltd. is at a critical resistance zone. A confirmed breakout above ₹3,620 can signal the start of a bullish move, with immediate targets of ₹3,883 and ₹4,106. Monitor the price action and volume near the resistance for confirmation.
NSE:CUMMINSIND
by The90sTraderOfficial
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.
NSE:CUBLong
by The90sTraderOfficial
Torrent Power Ltd *Torrent Power Ltd. P&F Formation on Yearly Basis. Price BO > 1880 Needed & to be watched. If Sustains, then good to go. Other major Resistance levels before T1/T2. Downward Price Channel BO on Weekly Basis. Strong Vol. Consolidation. Continued traction. RSI: 1H>D=W<M. All in a Bullish Zone. EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Monthly Basis. *Trail SL with Upside* *Book Profit as per Risk Appetite* *This is an Opinion. Do your own research as well. *_Happy Investing_*🤓
NSE:TORNTPOWERLong
by IdeasNeosagi
POV: NAM_INDIA - Ascending Triangle BreakoutPOV: NAM_INDIA - Ascending Triangle Breakout 1️⃣ Breakout: On Dec 10, 2024, the stock broke out of an Ascending Triangle pattern with a strong Marubozu candle. 2️⃣ Volume: The breakout was supported by extremely high volume, confirming strength. 3️⃣ Momentum & Trend: Daily and weekly timeframes show momentum and trend in perfect sync. 4️⃣ SMA 200: A steadily rising 200 SMA adds extra confidence for a long position. 5️⃣ Concerns: High range expansion results in a wide stop-loss (SL). RSI is in the overbought zone (common for such breakouts). A pullback entry is advisable instead of jumping in directly. Disclaimer: For educational purposes only, not financial advice. #NiVYAMi
NSE:NAM_INDIALong
by kzatakia
Polycab - BulllishPolycab is going to touch all time high.. Although the stock is bullish.. we need to wait for a retracement up to 7100-7050 levels to enter. Short term traders can wait for a target of 8245, 8425 levels Strict stop loss near 6920 Long term investors can accumulate in every dip and wait for the targets of 9,473 and 9,735 levels 5927 level is the best lower support for this stock. if this price comes anytime in future due to market fall.. we can go all IN to make huge profits This idea is only education purpose and not for serious investing or trading. kindly consult your financial advisor before taking any financial decision
NSE:POLYCABLong
by haresh2408
SHAILY ENG PLASTIC LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SHAILY
by zenthosh
BONDADA ENGINEERING LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BSE:BONDADA
by zenthosh
SHILPA MEDICARE LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SHILPAMED
by zenthosh
TEGA INDUSTRIES LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:TEGA
by zenthosh