Kartik_Elkunchwar

Kartik_Elkunchwar

JUPITER has broken through the short-term resistance level of $1.1850 and is attempting to maintain its position above this mark. However, the breakout occurred with a single major candlestick, making it difficult to predict whether it will sustain this breakout. At this point, it's important to wait for further price action. If you don't want to miss out on...

Kartik_Elkunchwar

At the moment, DOT is nearing its critical support level of $6, a price point that has historically acted as a significant resistance level in the past. It's essential to be patient and observe for a strong bullish signal or a bullish technical pattern, such as a breakout or a reversal formation, before making any decisions about entering a long position. For...

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Solana is currently exhibiting a symmetrical triangle pattern as it approaches its all-time high of $260. This pattern typically indicates a period of consolidation, where the buying and selling pressures are in relative equilibrium. Traders and analysts are closely monitoring this development, as a breakout from this formation could lead to a significant price...

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Ethereum is currently on a downtrend from the 4100 resistance level, forming a flag and pole pattern. The next strong support level is at 2800, where we could see a positive move arise from either a breakout of the trendline, support at the 2800 level, or both co-occurring. It's important to patiently wait for a signal before making any decisions.

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IRCTC has recently approached a significant multi-year support level at 768. This level has proven to be a reliable support point in both 2020 and 2023, indicating its importance for investors and traders alike. Currently, although we are observing a short-term downtrend in the stock's price, there is a potential turning point in sight. If the price manages to...

Kartik_Elkunchwar

After a period of strong consolidation, HDFC Bank has successfully cleared the resistance level at 1660. This breakthrough indicates potential upward momentum in the stock's price. Currently, the stock is retesting this 1660 level, which could serve as a crucial support zone before it continues its upward journey. Considering the current market conditions and the...

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Zomato's share price has already fallen around 12% from its day high, following the release of disappointing quarterly results. In Q3, Zomato's net profit declined by 57% year-over-year, totaling 59 crore rupees. Due to this poor performance, selling pressure is likely to continue. The stock is currently near its intraday support level of 230 rupees, which is...

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HDFC Bank is currently navigating a range-bound market, maintaining stability with the upper range set at 1660 rupees and the lower range at 1629 rupees. This price action occurs in the lead-up to the eagerly anticipated earnings report, which is scheduled for January 22nd. Investors should consider positioning themselves for potential movements based on the...

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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...

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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...

Kartik_Elkunchwar

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...

Kartik_Elkunchwar

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...