DkRayakTV

DkRayakTV

CMP: 75.77 (-0.12%) Crude Oil is trading within a descending channel, showing a strong bearish trend on the hourly chart. Key Levels: Resistance Zones: 76.50 (previous breakdown zone). 78.00 (upper channel boundary and significant supply zone). Support Zones: 75.00 (immediate support). 73.00 (major demand zone). Trading Plan: Bearish View: Short below...

DkRayakTV

Uptrends and Downtrends: Uptrends occur when prices consistently make higher highs and higher lows. Imagine a staircase going up. These trends indicate bullish sentiment, and traders look for opportunities to buy. Downtrends, on the other hand, happen when prices consistently make lower highs and lower lows. Picture a staircase going down. These trends signal...

DkRayakTV

📉 Market Update: NIFTY Analysis (July 21, 2024) 📈 Today’s NIFTY chart shows some interesting movements. The market opened at 24,531.85 and fluctuated throughout the day, currently sitting at 24,525.85 (down 0.02%). 🔴 Key Levels: Resistance Zones: Highlighted in red, indicating areas where selling pressure may increase. Support Zones: Highlighted in green,...

DkRayakTV

Analysis: 1. Trend: The stock is currently in a downward channel as indicated by the parallel lines. This suggests a bearish trend in the short term. 2. Support Levels: - Strong support is present around the 600 mark, which coincides with the current price level. - Another key support level is at 575. 3. Resistance Levels: - Immediate resistance is...