Based on the chart of Deepak Fertilizers & Petrochemicals, it appears that the stock is currently at a resistance level of ₹1,111.90, while previously testing support around ₹955.50. The stock is up 4.09% for the day, with a bullish momentum as indicated by the price action and a Relative Strength Index (RSI) at 63.40, suggesting room for further upside but...
The chart of United Breweries Ltd (UBL) shows that the stock is testing a key resistance zone around ₹2,180. With consistent higher highs, it suggests a bullish momentum, but a breakout above this resistance is crucial for further gains. Positional Trade Idea: Entry: Buy on a breakout above ₹2,200 with volume confirmation. Target: ₹2,400+ on successful...
Geojit Financial Services, the stock has made a significant upward movement but is now consolidating between ₹145 and ₹160. With the current price near ₹155 and strong support at ₹145, this suggests a potential range-bound trading opportunity. Positional Trade Idea: Entry: Buy near ₹145-150 on dips with a stop loss below ₹140. Target: Initial target ₹160,...
The stock has surged 22% from the bottom and is nearing a breakout point above ₹345, with potential for a 22% upside! 📈 🔸 Entry: Above ₹345 🔸 Target: ₹420 🔸 Stop Loss: ₹320 The cup-and-handle formation indicates a bullish continuation. Watch out for this move! 🚀 #StockMarket #PositionalTrade #TechnicalAnalysis #HindCopper
Resistance Breakout: The stock has broken through a strong resistance level twice, as indicated by the horizontal red line and the arrows marked "Breakout." The recent breakout around the ₹3,500-₹3,600 level seems to be significant, with strong bullish momentum, confirmed by the price closing above this level. Volume: The volume spikes during the breakouts...
Observations: Resistance Breakout: CESC has broken above the horizontal resistance zone around ₹200-206, which it tested multiple times in the past. This breakout indicates bullish momentum. Strong Volume: The price increase is accompanied by strong buying pressure, suggesting that the breakout may be sustained. Trade Setup: Entry: Aggressive Entry: Buy around...
The chart for Astral Ltd. shows a potential reversal pattern after a prolonged downtrend, where the price has bounced off a key support level near ₹1850-1900. This level acted as strong support, and the stock is showing signs of recovery with recent bullish candles indicating renewed buying interest. Observations: Support Zone: The stock has tested and respected...
Observations: Cup and Handle Formation: A bullish continuation pattern, suggesting that the price may break out upward after the handle formation completes. Breakout Level: The resistance around the ₹364-366 zone, marked by the top of the "cup." Strong Volume: There seems to be a spike in buying volume near the breakout, which is a positive signal for the...
Observations: Current Price: ₹764.40, with a 5.77% increase on the day. Resistance and Support Levels: Resistance near ₹800 (marked by the green horizontal line). Support near ₹715 (marked by the red horizontal line). Trend: The stock has been in an uptrend but appears to have corrected recently and is now bouncing off a support level. Indicators: The stock is...
Key Elements: Entry: Around ₹330.50. Stop Loss: Around ₹307.65. Target: Around ₹374.70 (upper range of the highlighted green box). Pattern: The price appears to be in a descending triangle pattern, which typically indicates consolidation with potential for a breakout. Given the price action and narrowing range, a breakout to either side could be expected. Trade...
Entry: A breakout above the resistance level around ₹725 is likely to confirm the Cup and Handle pattern. Consider entering the trade on a strong breakout above ₹725 with volume confirmation. Target Price: The height of the cup is from ₹480 to ₹725, giving a range of approximately ₹240. Adding this range to the breakout level of ₹725, the first target could be...
Key Observations from the Chart: Price Action: The stock price has been on a downward trend, recently breaking below a support level. This indicates potential bearish momentum. Technical Indicators: TEMA (Triple Exponential Moving Average): The TEMA lines are below the price, suggesting a bearish bias. Supertrend: The Supertrend is also below the price, indicating...
Entry Point: Enter the trade around the current price level of 6,446 INR or on a slight pullback towards the breakout level near 6,400 INR. Stop Loss: Set a stop loss below the breakout zone to manage risk in case of a false breakout. A suitable stop loss could be around 6,200 INR, considering the previous support level just below the breakout point. Target...
Entry Point: Enter the trade near the current price level of 191 INR or on any minor pullback close to this breakout level. Stop Loss: Place a stop loss below the breakout level to protect against a false breakout. A safe stop loss could be around 180 INR, considering the previous support and resistance levels. Target Price: First Target: 210 INR - This level...
Entry Point: Enter the trade near the current price level of 191 INR or on any minor pullback close to this breakout level. Stop Loss: Place a stop loss below the breakout level to protect against a false breakout. A safe stop loss could be around 180 INR, considering the previous support and resistance levels. Target Price: First Target: 210 INR - This level...
The chart indicates a "Cup and Handle" pattern, which is a bullish continuation pattern. The price has formed a rounded bottom (the cup) and appears to be forming the handle, suggesting a potential breakout above the resistance level. The stock is currently testing the resistance zone around 597-600 INR, which is a crucial breakout level for the completion of the...
The chart displays a clear basing pattern, resembling a "Cup" formation that has developed over a decade. This pattern typically signifies accumulation and a potential long-term breakout. The stock has recently broken out of a 10-year resistance level around the 220-225 INR mark, confirming a strong bullish sentiment. Volume Confirmation: There is a notable...
Kalyan Jewelers is a prominent Indian jewelry retailer known for its wide range of gold and diamond jewelry. Its performance is often influenced by factors like gold prices, economic conditions, and consumer sentiment. Potential Trade Ideas: Breakout with Volume: Strategy: If Kalyan Jewelers breaks above the 645 level with a significant increase in trading...