WAITING FOR BREAKOUT ON THIS COUNTER. This is not a financial advice
Cumminsind is trading under the fib resistance around 3376. Once it breaks and holds above this level, it could see prices beyond 5k! Disclaimer This is not financial advice, do your own research before investing. #StockMarket #India
Breakout on weekly charts, bulls can take it higher in coming days. corelate with smaller time frame charts accordingly
Stock corrected from highs of RS 800 odd levels and now company is targeting 10000 cr revenue by next year. expecting an inverted head and shoulders pattern to come in play if it gets rejected around area marked in green.
ITC: Coiling Up for a Potential Breakout? Long-Term Bullish, But Near-Term Watchlist ITC has been consolidating within a range for a while, suggesting a period of indecision between buyers and sellers. This sideways movement could be a precursor to a breakout. Long-Term Outlook: The long-term picture for ITC remains bullish. The company boasts strong...
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Bajaj Finance's chart is whispering echoes of the past! The current price action shows some similarities to the consolidation period seen before the start of its previous major bullish run. If history rhymes, a breakout above this range could signal the start of another exciting upswing. However, past performance isn't a guarantee of future results, so keep a...
Divis lab long term view Divi's Lab appears to be coiling up! The chart suggests a consolidation phase, where the price is trading within a range. This could be a sign of potential breakout. If the stock breaks above its previous all-time high (ATH), it could trigger a price discovery cycle, where the market searches for a new equilibrium value for the stock. This...
The Dow Jones Industrial Average (DJIA) has given a fresh breakout, rallying above the 35,500 level. The breakout comes after the DJIA has been consolidating in a range for several days. The strong move above 35,000 is a sign of bullish momentum and suggests that the DJIA could continue to rally in the near term. The breakout of the Dow Jones chart is a bullish...
The Tech Mahindra stock price has been consolidating in a range for the past few months. However, the recent price action suggests that the stock is poised to break out to the upside.
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RBL BANK has shown a significant breakout by surpassing the key resistance levels, this development suggest a potentially bullish trend for the stock. Traders and investors may interpret this breach of resistance as a positive sign indicating a potential upward movement in price.
bulls need to defend 13450 ,if not then will look to short as per the setup
Too many bullish noise ,will look to trade this setup in coming weeks. Might do another chart with detailed analysis.
Nifty could be forming head and shoulders on weekly unless it manages to close above 19000. Still v early in idea but this is what bears would be looking at in coming weeks if they want to make a come back.
Nifty is forming rising wedge on 4HR and can see some retracement from current levels, if you are long then its the time to move your sl as per your RR strategy
Have given a breakout after consolidating for four months since it hit its all time high
Key levels marked! Consolidation going on within a range, will be interesting once the setup gives breakout.