Technical analysis of MARI petroleumIt is in downtrend on daily chart and honouring the first support level.In case the index performs and it generates reasonable volumes then it'll go through Rs.618 easily and move towards its second resistance level of Rs.720.On the other hand in case it breaks its first resistance then it'll be clear to forsecond support level at Rs.425.So far it is showing signs to bounce back from current stage.
Monthly Closing is ImportantGHNI has successfully completed its Weekly
ABCD Pattern around 590 - 595.
However, there is No Bearish Divergence Yet on
Bigger Time Frames.
Monthly Closing above 592 - 595 would be a
Positive Sign.
However, it should retrace upto 540 - 550
once for a Good Upside Rally again.
Breaking 500 may bring further Selling Pressure.
HUBCThe Cup and Handle is a bullish continuation pattern in technical analysis. It consists of:
1. Cup:A rounded bottom forming after a price decline, signaling accumulation.
2. Handle:A small consolidation or pullback following the cup’s peak.
3. Breakout: Price breaks above the handle’s resistance, often with high volume.
Target Price:
The expected move equals the depth of the cup added to the breakout point.
It’s a strong signal in up trending markets, especially on longer time frames. 🚀
Hidden Bullish Divergence.Hidden Bullish Divergence.
Upside Resistance around 109 - 110.
On the flip side, 104 can be a good
support.But if it comes around
92 - 94 it has a potential to take
a Very Good Upside Move from there
towards 120+
But Bullish Momentum will resume once
it crosses & sustains 113 with Good Volumes.
PIOC on the movePIOC needs to be watched and placed on watchlist as it is anticipated that its going to give a good move towards the upside. It is approaching EMA50 and EMA100 from below and a crossover of the two EMAs is about to take place soon, hopefully.
Daily RSI-14 has jumped upwards after touching min 36.84 to the current 50.18 and a positive crossover has taken place on the MACD, though it is yet to cross the Zero Line towards the upside on the DTF. Lets c how it plays, further.
Potential Targets given on chart. There is a falling wedge Target approx. @ 250-255.
Wish you all Happy Trading 📈
CPHL | Trade SetupCPHL is currently in an overbought zone, and profit-taking is advised at higher levels. The price action has surpassed its previous high of 101, reaching a new peak of 109.30. The previous resistance at 101 now serves as a support level, and a long position may be considered once support is firmly established around this level. The next potential target for the upcoming impulse move is approximately 118. To manage risk effectively, a stop-loss should be placed below 92.50. This swing trade setup anticipates a potential gain of 16.83%.
HCAR | Expected 100 Rupee Gain!Take a look at what we have here! I believe we can all agree that this chart is quite intriguing.
HCAR is showing bullish momentum after an uptrend making higher highs and higher lows pattern. The price is currently retesting for establishing its low. A possible pullback might be expected in its price action.
We’re likely to see a new bullish wave towards 400 level which is almost 33% gain but I believe there’s potential for significantly more growth in the months ahead.
Thank you so much for your continued support. Let’s ride this bullish wave together!