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MANORAMA 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:MANORAMA
by zenthosh
PRAKASH INDUSTRIES- COME-ON LIT OUR LIVES!!Chart Analysis & Summary: Stock Overview: Stock: Bhagyanagar India Ltd (NSE) Current Price: ₹71.60 Change: -₹3.47 (-4.62%) Timeframe: Weekly (1W) Technical Levels & Fibonacci Retracement: Resistance & Highs: Recent high at ₹163.30. Another key level around ₹128.89. Fibonacci Levels: 0.5 retracement at ₹81.19. 0.618 retracement at ₹70.16 (a critical support level). Current Support Zones: Strong support around ₹63.66 - ₹60.02 (highlighted in orange). Trend & Price Action: Price broke below a green trendline indicating a loss of bullish momentum. Now testing the 0.618 Fibonacci retracement (₹70.16), a key area where price might react. If this level breaks, further downside toward ₹63.66 - ₹60.02 is possible. RSI (Relative Strength Index) Analysis: Current RSI: 31.83 (near the oversold zone of 30). RSI Moving Average: 41.65. This suggests the stock is approaching oversold territory, indicating a potential bounce if buyers step in. Conclusion & Possible Scenarios: Bullish Scenario: If price holds ₹70-₹63, a rebound could occur with targets toward ₹81 - ₹100. Bearish Scenario: If support at ₹60 fails, the next major downside could be toward ₹38.13 or lower. Watch for: RSI reversal, price action near ₹70, and volume confirmation. Would you like a more detailed trading strategy based on this? Chart Analysis & Summary: Stock Overview: Stock: Prakash Industries Ltd (NSE) Current Price: ₹133.49 Change: -₹8.74 (-6.14%) Timeframe: Weekly (1W) Key Technical Levels: Major Resistance: ₹183.84 (strong resistance level). ₹239.90 (previous high). ₹329.15 (long-term bullish target). Support Levels: ₹142.29 (Fibonacci 0.5 retracement, broken). Current price is near ₹128-130 (potential support zone). Trendline Support: Further downside could test trendline near ₹100. Elliott Wave Analysis: The chart follows an Elliott Wave structure. Currently in Wave 4 correction after a strong Wave 3 rally. Wave 5 projection suggests an upside target near ₹329 if Wave 4 holds support. RSI (Relative Strength Index) Analysis: Current RSI: 37.94 (weak, but not fully oversold yet). RSI Moving Average: 43.82. RSI is in a downtrend, indicating weak momentum. Conclusion & Possible Scenarios: Bullish Scenario: If price holds ₹128-130 support, a reversal toward ₹183, ₹240, or higher could occur. Bearish Scenario: If price breaks below ₹128, it may test ₹100 or lower. Watch for: Reversal signals, RSI improvement, and break above ₹142 for bullish confirmation.
NSE:PRAKASH
by Pushpmegh
BHAGYNAGAR- BHAGYA KHULEGA ?Chart Analysis & Summary: Stock Overview: Stock: Bhagyanagar India Ltd (NSE) Current Price: ₹71.60 Change: -₹3.47 (-4.62%) Timeframe: Weekly (1W) Technical Levels & Fibonacci Retracement: Resistance & Highs: Recent high at ₹163.30. Another key level around ₹128.89. Fibonacci Levels: 0.5 retracement at ₹81.19. 0.618 retracement at ₹70.16 (a critical support level). Current Support Zones: Strong support around ₹63.66 - ₹60.02 (highlighted in orange). Trend & Price Action: Price broke below a green trendline indicating a loss of bullish momentum. Now testing the 0.618 Fibonacci retracement (₹70.16), a key area where price might react. If this level breaks, further downside toward ₹63.66 - ₹60.02 is possible. RSI (Relative Strength Index) Analysis: Current RSI: 31.83 (near the oversold zone of 30). RSI Moving Average: 41.65. This suggests the stock is approaching oversold territory, indicating a potential bounce if buyers step in. Conclusion & Possible Scenarios: Bullish Scenario: If price holds ₹70-₹63, a rebound could occur with targets toward ₹81 - ₹100. Bearish Scenario: If support at ₹60 fails, the next major downside could be toward ₹38.13 or lower. Watch for: RSI reversal, price action near ₹70, and volume confirmation.
NSE:BHAGYANGR
by Pushpmegh
Ujjivan Small Fin BankEducation Purpose Study As of February 28, 2025, Ujjivan Small Finance Bank Limited's stock (NSE: UJJIVANSFB) was trading at ₹32.13. Analyst forecasts suggest a potential upside for the stock, with an average 1-year price target of ₹44.71, ranging between ₹36.00 and ₹59.00. Another analysis estimates an average target of ₹46.13, indicating a possible 46.68% increase from the current price. Financially, the bank has demonstrated strong performance, with a 5-year compounded annual profit growth rate (CAGR) of 45.0%. Additionally, it offers a dividend yield of 4.67%. However, it's important to note that some forecasts predict a potential decline in the stock's value. One analysis projects a decrease from ₹31.74 to ₹15.32, a drop of approximately 51.73%. Another source indicates that the stock is currently oversold, with a 90% probability of trading between ₹31.91 and ₹40.53 in the near term. For Paper trading you can Put it in your watchlist.
NSE:UJJIVANSFBLong
by optionhunting
IDEAFORGE - WEALTH DESTROYER ?The chart speaks for itself, as always. This is a prime example of why buying a company solely because it’s "new age" can be a mistake. Given the widespread adoption of drones, you’d expect a drone manufacturer to perform well. The stock debuted on the NSE at ₹1,300 per share—a staggering 93.5% premium over its issue price. At the current market price, 73% of the wealth has been eroded. What do you think comes next? A reversal or a continued downtrend? Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:IDEAFORGE
by TheChartereds