Bank Nifty has been moving sideways for the past seven months and seems likely to continue in the same range. It also appears to be forming a symmetrical triangle pattern. Whether this pattern completes successfully or not remains uncertain. However, based on the minor trend, the 49,500 to 49,800 range has a chance of acting as a demand zone.
The recent upward movement in Nifty has been taking support along a trendline. Right now, it has again reached the same trendline. There’s a high chance it could take support here and move upward again. Additionally, there’s a demand zone around the same price range, which strengthens the possibility of an upward move. However, there’s also a possibility that the...
From the beginning of October until the third week of November, Nifty saw a significant fall due to multiple reasons, such as **FII selling, overvaluation, war tensions**, and the **US Presidential elections**, among others. However, since November 21st, the market found support and has shown a good recovery. Unfortunately, during this phase, **retailers had...
IREDA's stock has shown a significant upward move since its IPO, and despite many positive fundamentals, it's currently presenting a good buying opportunity from a technical perspective. In the weekly timeframe, the stock has reached a zone that previously acted as a supply area, and this is the first time it’s revisiting that level. In the daily timeframe, a...
ITC stock had a bullish flag pattern breakout some months ago, which resulted in a 15% profit. Now, the stock price has returned to the demand zone (the price range where it previously faced supply). From this range, there is a good chance the stock price could rise. In my view, this current price range looks like a good opportunity to buy.
tvs motor company ltd now trading at near trend line support as per priceaction and harmonic bat pattern fib level of 0.886 (xabcd).. both technical view indicates stock take support from here and bounce
