subravi
SBI 777 is on trend support. We hope this as pullback test. Expect a target of 860 in coming days.
Nifty 24379 has showing a breakdown from symmetrical triangle pattern in 15 min chart. Will it turn out to be a 'spring'. symmetrical triangle pattern is indecisive. A break above 24454 will turn Nifty bullish and below 24349 it will be bearish.
Nifty 24396 is showing HS pattern in intraday 15 min chart. Possibility to move to 472
Nifty 24461 - Has resistance at 24687 and support at 24330. Has given wedge pattern. Trend decider will be 24480.
Wipro 242 has given a symmetrical triangle pattern which is indecisive . Resistance at 249 ad support at 238. it may move any ways. Volume suggests bulls over bears. Fundamentally it is trading at 10 Years of P/E which is good for long term investment. Additionally FII's have the highest stake in this quarter of last 12 quarters.
Airtel 1851 Support 1839, Resistance 1890. Target 1766,1706
Reliance has resistance at 1463 and support at 1401 and 1370. In chart it has a round bottom with a sudden raise possibility to form a V Top pattern. We expect Reliance back to pavilion after hitting 1463
Nifty as we have been posting is struggling to pass through 24349 on daily close basis. In chart it has given a raising wedge pattern with Resistance at 24547 and support at 24343
BNF 55087 has given M Pattern in daily charts with neckline at 54610. Breakdown will take to Target 51710.
Nifty 24334 - Has hit the trend resistance. Though tried to pass many times it closed below the magic 24349. 24280 would be the gate for bear zone to 23300. Well Played Bulls .. All the best Bears..
BEL 314 has given breakout . Support at 290. Target 380. Valuation Good Dividend payout across aerospace sector FII's have increased stake hold. In April 2025, has got 2 orders. India's Bharat Electronics gains on 22-bln rupee order win from Airforce BEL - GETS ORDER WORTH 5.93 BILLION RUPEES P/E is at 46 while sector P/E is at 60 10 Years ROE is 20%
Nifty 24335 has DAY resistance at 24560 and Support at 24070. Intraday Resistance at 23449. As Nifty has closed below the resistance we expect Nifty to go down by 200 points
Silver 96150 is forming a HS pattern in daily charts expected to test 94000 in coming days. Further weakness would take it to 86000 .
HUDCO 226 is forming a inverted HS pattern in chart. Good to buy at 198-200 for target 260 FII's have increased their stake. Healthy dividend payout
Nifty 24328 has given a V Top Pattern which is a reversal pattern. Neck Line is at 23960.
BNF 54664 has given V top pattern which is a reverse signal has support at 53634. We expect it would get broken and BNF will drop to 49000.
Reliance 1204 - Is at Phase D and good for accumulation. Target 1325
Nifty 24039 has hit the resistsance and shown reversing signals. A drop to 22600 is imminent. If taregt1 unable to hold target 2 would be 21400.