Indian Oil Corporation (IOC) has recently experienced a reversal from a well-established support level, accompanied by a notable surge in trading volume, which suggests the potential for continued bullish momentum. Currently, the price is approaching a critical trendline on the daily chart. A breakout above this trendline could signal a significant reversal and...
Stock usually moves in a consolidation zone between 68 and 59. There is a strong demand zone at 56 as well. on the 1 hour chart a descending triangle has formed which could lead to a bearish move of 5% leading to price hitting the support at 59. A bullish move can be expected from here. Take profit is placed at the resistance and stop loss is placed a little below...
The stock is currently at a strong respected level of support. The bearish momentum is wearing off. There is also a strong demand zone at 505, so price could dip till there and bounce back up thus stoploss is well below the zone. Strong resistance and sell zone at 700 so placing the take profit there. Disclaimer: I am not a SEBI registered analyst/consultant and...
Bullish flag pattern breakout, along with potential DEMA crossover. Strong demand zones formed as well. Likely going to be a 15-30% bullish move in the future. Stock is currently in an uptrend making higher highs and higher lows. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock...
A flag pattern has been formed with a 76% flag pole. A potential flag pattern breakout could occur in the near future if the stock continues to maintain the current bullish momentum. Recently the stock has been moving in a zone of support and resistance, and a strong breakout through this zone has also just occurred. This breakout likely occurred due to an order...
Cyient has been moving in a zone of support and resistance. A triangle pattern has occurred and there's a potential breakout that could occur if Cyient picks up bullish momentum. Price is currently also around an area of volume imbalance so its likely to get pushed up. There is also a bearish F.V.G. at around 2155, if price starts moving up and doesn't get...
Bharat Electronics has a 40% flag pole, the flag had an 18% breakout due to an order block. However, a bullish flag retest pattern has recently been formed. The original volume imbalance caused the price to return to 196. There has been another volume imbalance formed at 208, thus it is likely that price will return to 208. The stock has currently returned to a...
VSTTILLERS has just had a strong bullish move from a strong level of support. this move likely occurred due to the order block reaction. The stock has just crossed an area of volume imbalance and is in a bullish fair value gap. We can expect a 13-15% further move to the upside making it a good time to enter. Please consider this idea for educational purposes.