Kartik_Elkunchwar

Kartik_Elkunchwar

At present, BANKNIFTY is approaching a crucial resistance level at 49800 rupees, which could potentially act as a barrier to any upward movement. It is important to monitor this level closely, as a breakthrough could signify a strong bullish trend. On the other hand, there is intraday support positioned at 49050 rupees. This support level may provide some cushion...

Kartik_Elkunchwar

The NIFTY 50 index is currently navigating a rangebound market, attempting to break through a short-term resistance level at 23360 rs. So far, it has tested a significant support level of 23100 rs on two separate occasions, indicating a critical point for potential market stability or decline. Investors should exercise caution, as disappointing quarterly results...

Kartik_Elkunchwar

WAAREE ENERGIES is currently developing a symmetrical triangle pattern on its price chart. This technical formation suggests that the stock is consolidating, with decreasing volatility as it approaches the triangle's apex. At this time, the share price has bounced off the lower trendline of the triangle, which is situated at the 2820 price level. This rebound...

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Adani Green Energy has reached a significant support level of around 1180, coinciding with the 0.5 Fibonacci retracement level. This indicates a strong potential for a rebound at this price point. Given these technical indicators, considering entering a long position could be an opportune moment. The projected target range for this trade would be between 1450 and...

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Airtel has reversed its downward trend, having previously broken the resistance level of 1605 rupees. It is currently attempting to retest this resistance level. We can consider taking a long position from this point, targeting a gain of 7 to 8%.

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Reliance has demonstrated a significant shift in its price action by breaking out of the prevailing downtrend. This is an important indicator as it suggests potential momentum for upward movement. Following this breakout, the stock has successfully retested the downtrend line, confirming its strength and validity. Currently, it is trading within a critical...

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ETHERFI is currently experiencing significant resistance at the $2.50 threshold. This price point has proven to be a formidable barrier to upward movement. Meanwhile, the overall Ethereum ecosystem is witnessing an increase in trading volume, indicating heightened interest and activity among investors. Should ETHERFI manage to break through the $2.50 level and...

Kartik_Elkunchwar

Casper has recently experienced a remarkable rally, soaring by an impressive 335%. However, it has now encountered significant resistance in the range of $0.024 to $0.025. Following this upward movement, the price has retraced and currently faces resistance that is roughly 40% lower than its peak. If the price were to break below the support level of 0.013800, we...

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Polygon has successfully breached the resistance level, showing signs of upward momentum. Currently, it is working to establish a stable position above this key threshold, which will be crucial for its continued growth. Traders and investors closely monitor the price actions to see if they can maintain this upward trajectory and confirm the breakout.

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Hindustan Aeronautics Ltd (HAL), a prominent state-run defense company in India, is currently trading at ₹4040, which has been identified as a significant support level. Recently, the company announced its financial results for the second quarter of the fiscal year 2025 (Q2 FY25), showcasing an impressive performance. For Q2 FY25, HAL reported a consolidated net...

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SWIGGY's stock is trading near a critical support level of ₹430. If this support level is breached, we could anticipate a potential decline of approximately 6%. This could signify a bearish trend, leading to further downward pressure on the stock price. Investors need to monitor this level closely, as a break below ₹430 might prompt selling activity and increase...

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At the moment, WAAREE ENERGIES is experiencing a pullback to the 3000 rs mark. This price point corresponds with the 0.5 Fibonacci retracement level, which often serves as a significant area of support in technical analysis. As a result, this could be a strategic opportunity for investors to consider making their initial investment. For those looking to build...

Kartik_Elkunchwar

Ethereum has recently broken free from its range-bound trading pattern, a significant development that indicates potential upward momentum. The current focus is on sustaining this price movement above the established range, which could signal a shift in market sentiment. If this upward trend continues, the first target for Ethereum's price is projected to be...

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Bitcoin has recently soared to a new all-time high, a surge that many analysts attribute to the unexpected victory of Donald Trump in the presidential election. This political shift has sparked renewed interest and investment in cryptocurrencies, particularly Bitcoin. Currently, the digital currency is in the process of testing a newly established support level,...

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Silver has successfully broken through the resistance level at 32.200, indicating a potential upward trend. The asset has not only surpassed this key level but has also undergone a retest, confirming its strength and stability at this price point. This dual occurrence suggests that the market has tested the new support level and found it to be viable. As a result,...

Kartik_Elkunchwar

At present, gold is experiencing a range-bound market, with the upper resistance level identified at approximately $2,754 and the lower support level around $2,710. This price consolidation indicates a period of indecision among traders, as they assess various economic factors and market dynamics. It is anticipated that a breakout from this range could occur soon,...

Kartik_Elkunchwar

The NIFTY index has been experiencing a consistent downtrend over the past month. Throughout this period, it has encountered rejection from the established trendline approximately five to six times, indicating strong resistance at that level. For NIFTY to initiate a reversal and shift to an upward trend, it is essential for the index to not only break through the...

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Bitcoin has once again surprised traders with another fakeout. Recently, it has resumed following the established trendline after experiencing some volatility. On the 4-hour chart, there was a minor resistance level positioned at the 69000 dollar mark. Remarkably, Bitcoin has managed to break through this resistance. It's important now to monitor whether it can...