TradeAXN

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📊 Shree Renuka Sugars Ltd. - Weekly Chart Analysis 📊 🔎 The stock is showing signs of a potential breakout from its long-term downtrend. With this week's 10.25% surge, it's pushing towards key resistance levels. 📉 Key Support: Strong support at 41-42, where the stock has previously consolidated multiple times. 📈 Key Resistance: Immediate resistance at 55-56,...

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The chart is actually showing a double bottom pattern. This pattern is characterized by two consecutive low points, followed by a rebound. Technical Analysis: * Double Bottom: The formation of two similar low points suggests a potential reversal of a downtrend. * Neckline: The line connecting the highs between the two lows acts as a neckline. A breakout above...

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Analyzing the Nifty Bank Index Chart Chart Pattern: The chart appears to be showing a bullish flag pattern. This pattern is characterized by a sharp uptrend followed by a period of consolidation in the shape of a rectangle or pennant. Technical Analysis: * Bullish Flag: The initial sharp uptrend suggests strong buying pressure. The subsequent consolidation phase,...

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Analyzing the Apex Frozen Foods Chart Chart Pattern: The chart appears to be showing a descending triangle pattern. This pattern is characterized by a series of lower highs and a horizontal support level. Technical Analysis: * Descending Triangle: The price is making lower highs while the support level remains relatively constant, forming a triangle shape. This...

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Technical Analysis: 1. Overall Trend: The Bank Nifty is showing signs of consolidation in the recent past, as it has been moving within a range between 51,000 and 53,200. The index recently bounced off its support near 50,800 and is testing resistance at around 52,000. 2. Support and Resistance Levels: Resistance Levels: Immediate resistance at...

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Technical Analysis: 1. Descending Triangle Pattern: The stock is forming a descending triangle, typically a bearish continuation pattern. The downward-sloping resistance is marked by a blue trendline, and there is horizontal support near the ₹90 level (highlighted in purple). 2. Key Support and Resistance: Support: ₹90 is acting as strong horizontal...

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📉Technical Analysis:📉 Falling Wedge Pattern:The chart is showing a falling wedge pattern, which is a bullish reversal pattern.The breakout has occurred, confirming a potential upward move.Volume Spike:After the breakout, we see a significant increase in volume, indicating strong buying pressure. Immediate Support and Resistance:The immediate resistance is at...

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Technical Analysis: Fibonacci Retracement Levels: The price is respecting the Fibonacci levels of 0.618 (49,401.95) and 0.5 (49,919.95) as key support zones.The 0.786 level at 48,867 is also a major support area to watch. Chart Pattern:A clear descending triangle pattern is forming, signaling potential weakness.If the support at 49,400 breaks, we may see further...

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Jio Financial Services Ltd (JIOFIN) - Descending Triangle Breakout Imminent?Stock Overview:Jio Financial Services Ltd has been consolidating in a descending triangle formation, a commonly recognized bearish continuation pattern. However, a breakout to either side may present significant trading opportunities. Let’s break down the technical aspects and potential...

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Analyzing the Rama Steel Tubes Chart Disclaimer: While I can provide a technical analysis based on the given chart, it's essential to conduct thorough research and consider additional factors like fundamental analysis, market conditions, and personal risk tolerance before making any investment decisions. Technical Analysis Overall Trend: * The chart indicates a...

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The chart shows a promising trading opportunity in Speciality Restaurants with a potential upside, following a significant breakout supported by strong volume. The current setup indicates a favorable risk-to-reward ratio, making it an attractive entry for swing traders. Chart Details:Time Frame: 1-hour Instrument: Speciality Restaurants Current Price:...

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Please note that this analysis is only for educational purposes. I am not giving you any kind of recommendation. Its my analysis for myself. You can use this post as educational purposes. Thank you! ### **Technical Analysis:** 1. **Ascending Triangle Pattern:** - The chart shows an *ascending triangle pattern,* which is a bullish continuation pattern. The price...

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This Bank Nifty chart shows that the price is moving within a descending channel. The price is currently near the upper boundary of the channel, suggesting a potential breakout if it moves above this level. The green arrow indicates a bullish scenario, where the price could rise if it breaks out of the channel, targeting higher resistance levels. On the other...

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I found the Head and shoulder pattern in ultratech cement. Study it,plan it and trade it.