TradeAXN

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Analysis: ITI Ltd. is trading within a symmetrical triangle pattern on the 15-minute chart. This formation often precedes a strong directional move. 📊 Key Levels: Current Price: ₹374.65 Upside Target: ₹400 Downside Target: ₹350 Support Zone: ₹343.94 Trade Plan: Await a breakout above ₹380 for bullish entry. Breakdown below ₹370 could trigger bearish...

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GICRE Weekly Symmetrical Triangle Breakout 🚀 Analysis: GICRE has broken out of a symmetrical triangle pattern on the weekly chart, accompanied by a significant volume spike. Breakout Level: ₹450 Current Price: ₹501 (+13.23%) Volume: 53.43M (above the 8.01M average) Key Levels: Upside Targets: ₹550 | ₹600 Support Zone: ₹450 Trade Setup: Look for sustained...

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GICRE Weekly Symmetrical Triangle Breakout 🚀 Analysis: GICRE has broken out of a symmetrical triangle pattern on the weekly chart, accompanied by a significant volume spike. Breakout Level: ₹450 Current Price: ₹501 (+13.23%) Volume: 53.43M (above the 8.01M average) Key Levels: Upside Targets: ₹550 | ₹600 Support Zone: ₹450 Trade Setup: Look for sustained...

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Nifty 50 has recently broken out from a descending triangle pattern on the 15-minute timeframe, with the current price at 24,295.30, showing a gain of +0.41%. The breakout above the downward sloping resistance line indicates bullish momentum. --- Key Observations: 1. Pattern Breakout: A descending triangle breakout occurred around 24,250-24,300, suggesting a...

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Symbol: Nifty 50 Timeframe: 1-Hour --- Technical Analysis: The Nifty 50 index is currently trading at 23,559.60, moving within a well-defined downward-sloping channel. The price is nearing a crucial support zone (23,480-23,570), which could act as a potential area for a short-term bounce. However, the overall trend remains bearish unless a breakout occurs...

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Symbol: HFCL Timeframe: Weekly Technical Analysis HFCL is currently trading at 127.83, showing signs of potential reversal. The price has found support at a historical demand zone around 120-125. This zone has previously acted as a strong support level, halting bearish momentum and creating buying opportunities. Observing the trend and volume suggests a possible...

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The daily chart for Jupiter Wagons Ltd reveals a prominent descending channel pattern that has been in place since the peak earlier in 2024. Currently priced at 500.85 and down by 4.17%, the stock is testing critical levels within this channel. Here’s an in-depth technical breakdown and potential trading setups for traders. Key Technical Insights: 1. Descending...

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On the 1-hour timeframe, the Bank Nifty Index has been trading within a well-defined descending channel pattern. With Bank Nifty currently around 50,854 and down by 1.44%, the price movement within this channel provides crucial insights for potential trading setups. Here’s a detailed look at the technical setup and possible scenarios for traders. Key...

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#Nifty 50 Index (1H) The Nifty 50 Index has entered a crucial juncture on the 1-hour timeframe, and we are witnessing price action testing the major support zone between 24,400 and 24,700. Let’s break down what we are seeing and potential scenarios moving forward: Key Observations: 1. Support Zone: The price is currently hovering around a well-established...

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Piramal Pharma (1 Hour Chart) - Technical Analysis --- Chart Overview: Descending Triangle Pattern: The stock is forming a descending triangle, which is a bearish pattern but can break in either direction. The price is compressing between resistance at the downward-sloping trendline and support at around ₹222. Resistance Zone: Around ₹230. Support Zone: The...

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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...