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POPULAR VEHICLES N SER L S/LSupport 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:PVSL
by zenthosh
Positional Setup for Jio Financial Services Ltd (NSE)CMP: ₹300.80 Immediate Resistance: ₹306 Support Levels: ₹277 / ₹267 / ₹254 Structure: Rounded bottom breakout in progress after a prolonged downtrend recovery Momentum Indicator: RSI near breakout confirmation, strength building 📈 Technical View (Positional) Price is retesting key resistance at ₹306 — a breakout above this level may unlock a fresh upside rally. Increasing volumes and bullish recovery from lows (~₹215) suggest accumulation. Close above ₹306 (preferably with volume) will confirm the rounded bottom breakout. 🚀 Positional Levels: Entry Range: ₹295–₹305 (on closing confirmation) Target 1: ₹330 Target 2: ₹358 Target 3: ₹390 Stop-Loss (Closing Basis): ₹277
NSE:JIOFINLong
by RajputAmarjit
TTML Ready as Next Multibagger 332/ 410 long Term onlyTTML showing real good setup as per monthly counts as we can see in our counts every dip is buying opportunity for long term investors possible entry 48.44 open to test levels - 332 -410-537 next grand cycle suggests its good time as buy setup formation running now if sustain current levels on monthly basis that can ensure that counts are correct Elliot wave theory consist multiple forecasts depends upon price action various time degree levels our counts may be wrong please do your own analysis before you enter into any sort of trading CHARTS PUBLISH to learn /understand EW method only education based only share your counts- lets learn together !!! cheers
NSE:TTMLLong
by wavesmonk
COLPAL Ready to Blast 5257 to 7601 long term investment ideaCOLPAL Monthly counts showing real good setup as per monthly counts as we can see in our chart showed to you next grand cycle suggests its good time as buy setup formation running now if sustain current levels on monthly basis that can ensure that counts are correct Elliot wave theory consist multiple forecasts depends upon price action on various time degree levels our counts may be wrong please do your own analysis before you enter into any sort of trading CHARTS PUBLISH to learn /understand EW method only education based!!! please share counts for this script
NSE:COLPALLong
by wavesmonk
MCX - 5-Wave Impulse Complete, Correction Ahead?The recent price action in MCX has completed a 5-wave impulsive sequence, giving us valuable insights into potential upcoming moves. The Larger Picture (Daily Timeframe) : Starting from the prior major low, we have witnessed a clean impulse structure unfolding. Wave 3 topped at 7,048.60, completing its previous impulse sequence. Following this, a textbook ABC corrective structure unfolded into Wave 4, completing near 4,408.15. The internal symmetry within this ABC correction was near perfect, with Wave C nearly matching Wave A (100% projection). Post Wave 4, the price resumed higher into Wave 5, where we now observe signs of completion. Wave 5 Extension and Target Zone Wave 5 extended strongly and has already entered its projected target zone: 100% projection of Wave 1 placed near 8,330. 1.618 extension projection reached near 8,922. Ideal Correction Zones Now that Wave 5 may have completed or is very close to doing so, we shift focus to probable retracement areas where price may find support in case of a corrective phase: 0.382 retracement at 6,853.50 0.5 retracement at 6,386.60 0.618 retracement at 5,919.65 Dynamic Update Note The correction zones have been plotted based on the current observed Wave 5 high. Should Wave 5 extend further, these support levels will be recalculated accordingly. Traders are advised to keep monitoring for further price action confirmation before positioning. The overall Elliott Wave structure here reflects the market may now enter a corrective phase as per standard wave behavior after a completed 5-wave advance.
NSE:MCXShort
by WaveXplorer
2
Eicher Motors breaks?Eicher Motors breaks out of resistance with volume eyes set on the upper trendline near 6011. After weeks of consolidation between 5250 and 5575, Eicher Motors has finally broken out of its sideways zone with strong follow-through and bullish intent. Price not only cleared horizontal resistance but also pushed above the red supply zone around 5645, confirming buyer dominance. This breakout aligns with the broader ascending channel that has been intact since March. The structure now hints at a potential continuation toward the upper channel line, projected near 6011 level highlighted risk-reward 1:3, From a fundamental lens, Eicher has seen improved export numbers and rising traction in the premium segment, especially with Royal Enfield's increasing demand in overseas markets. If macro sentiment remains supportive, this technical breakout could be backed by earnings momentum in the upcoming quarters. On the flip side, a failure to sustain above ₹5575 may drag the price back to test the breakout zone around ₹5430–₹5250. Like, comment your thoughts, and share this post Explore more stock ideas on the right hand side your feedback means a lot to me! Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
NSE:EICHERMOTLong
by iVishalPal
1