Kannansen

Kannansen

"CDSL stock is near a trendline (TL) support, and the previous supply zone has now turned into a potential demand zone. It’s possible to plan a long entry with a stop-loss (SL) below the trendline. Let’s monitor for confirmation before entering."

Kannansen

The stock is showing a very strong bullish move, taking support at the same trendline (TL) and bouncing back. It has the potential to reach the previous supply zone, which is around **₹2750**, indicating a **40% upside**.

Kannansen

The stock has been moving within a parallel channel and is currently taking support at the trendline (TL). From here, it has the potential to move upwards and reach the resistance line of the channel. This setup indicates a **65%+ potential target**.

Kannansen

Since its inception, the IRCTC stock has consistently bounced off a trendline (TL) support. Currently, it has reached the same trendline and seems to be taking support again. Additionally, the previous supply zone around the **₹750-₹780 price range** has now turned into a demand zone. This presents a **good buying opportunity**, as the stock is showing signs of...

Kannansen

Axis Bank is forming a **symmetrical triangle pattern**, and it’s better to wait for a **candle confirmation** at the weekly time frame closing before planning an entry. For a **short-term plan**, can expect a target up to the **resistance level**.

Kannansen

In the **weekly time frame**, a **symmetrical triangle pattern** that formed since September 2021 had a successful breakout in August 2024. However, shortly after the breakout, the stock price declined due to the lack of support from the **NIFTY index movement**. Looking at the chart, it’s clear that the **₹1550 price range** acts as a strong **demand zone**,...

Kannansen

Previously, around the **₹60 price range**, there was a strong supply zone that the stock broke through, leading to a good upward move. Now, it has reached that level again, and there’s a high probability that this zone has turned into a **demand zone**. I’m considering this price range as a potential **buy level**.

Kannansen

A stock that was strongly bullish for the past 1.5 years started declining from August 2024. In the weekly time frame, drawing a swing-based Fibonacci retracement shows that the current price has reached the **0.618 level**. This could be a good opportunity for either short-term or long-term investment, as the **0.618 retracement level** is considered a strong...

Kannansen

Sun Pharmaceutical's stock is currently trading in a flag pattern. It has taken support twice on the same trend line, and this is the third time. Similarly, the resistance is very strong. Based on the trend line (TL) support, an entry can be considered, with a stop loss placed below the TL. A long-side entry can be planned accordingly. Whether it’s F&O or...

Kannansen

Metropolis Healthcare stock seems to be at a good price level for a swing trade or a long entry in F&O. Around the 2000 price range, it took support in the third week of November and moved upwards. Now it has reached the same price zone again. This aligns with a harmonic shark pattern formation and also matches the previous demand zone.

Kannansen

Bank Nifty has been moving sideways for the past seven months and seems likely to continue in the same range. It also appears to be forming a symmetrical triangle pattern. Whether this pattern completes successfully or not remains uncertain. However, based on the minor trend, the 49,500 to 49,800 range has a chance of acting as a demand zone.

Kannansen

The recent upward movement in Nifty has been taking support along a trendline. Right now, it has again reached the same trendline. There’s a high chance it could take support here and move upward again. Additionally, there’s a demand zone around the same price range, which strengthens the possibility of an upward move. However, there’s also a possibility that the...

Kannansen

From the beginning of October until the third week of November, Nifty saw a significant fall due to multiple reasons, such as **FII selling, overvaluation, war tensions**, and the **US Presidential elections**, among others. However, since November 21st, the market found support and has shown a good recovery. Unfortunately, during this phase, **retailers had...

Kannansen

IREDA's stock has shown a significant upward move since its IPO, and despite many positive fundamentals, it's currently presenting a good buying opportunity from a technical perspective. In the weekly timeframe, the stock has reached a zone that previously acted as a supply area, and this is the first time it’s revisiting that level. In the daily timeframe, a...

Kannansen

ITC stock had a bullish flag pattern breakout some months ago, which resulted in a 15% profit. Now, the stock price has returned to the demand zone (the price range where it previously faced supply). From this range, there is a good chance the stock price could rise. In my view, this current price range looks like a good opportunity to buy.

Kannansen

zee media corp ltd symmetrical triangle pattern breakout.. focus on short and long term investment

Kannansen

tvs motor company ltd now trading at near trend line support as per priceaction and harmonic bat pattern fib level of 0.886 (xabcd).. both technical view indicates stock take support from here and bounce

Kannansen

3 years of consolidation symmetrical triangle pattern breakout