What you’re looking at here is a **battle of the bulls and bears** brewing in SOM Distilleries and Breweries Ltd. This chart isn’t just a picture of price movements—it’s a story of indecision, tension, and a potential explosion waiting to happen! 🔍 **The Triangle of Suspense** That symmetrical triangle? It’s like a coiled spring—energy is building, and the...
1) Yesterday, stock created a 52-week low today given the surprise move. 2) 363 its lower level and get a bounce from these levels 3) Closely observe this chart 📊 and take notes 📝 on volume buildups. 4) very low volume in stock during its bearish mode call downtrend 5) Now look at today's volume, looking like a rocket filled with ⛽ fuel to reach the target 🎯 today...
IT stock have lower valuation; im not talk about the PE ratio; im talking on other valuation parameters like LTV/CAC 1. **Rounding Bottom Pattern (📈➡️)**: The chart shows a rounding bottom pattern, indicating a gradual reversal from a downtrend to an uptrend. This is generally a **bullish** pattern. 📊✨ 2. **Trend Line and Consolidation (🔻📉)**: A...
📊 **Trend Analysis** 🔻 The stock is currently in a **downward channel**, as evident from the trendlines sloping downward. 📉 The price is near the lower boundary of the channel, suggesting the potential for a **bounceback** if support holds. 📍 **Key Levels** 🟢 **Support Level:** ₹985 This level has been tested multiple times in 2024, showing strong buyer...
🟢 **Support Levels** Key Support**: Around **₹325.70** (marked as a potential bounce zone). The recent price action indicates a double-bottom or rounding-bottom pattern 📉➡️📈. This is a bullish reversal signal. 📈 **Resistance Levels** Immediate Resistance**: ₹343.70 The stock needs to break this level convincingly for further upward movement. Next...
**Analysis** 1. **Trend**: The stock shows a significant upward trend starting from June, with a period of consolidation since September. The current price is around ₹802.60, with some signs of resistance around this level. 2. **Support and Resistance**: - **Immediate Resistance**: ₹824 (recent high and upper level of consolidation). Key Supports**: ...
The chart you've shared is for **Indus Towers Ltd. (NSE)** on a daily time frame (1D). Let's break it down step by step: ### 1. **Price Action** 📉 The current price is **₹366.75**, down by **-8.60 (2.29%)** for the day, showing a bearish trend. The price opened at **₹375.00**, reached a high of **₹378.40**, and a low of **₹364.35**. ### 2. Pattern🏔️ This...
1. **Rounding Bottoms** 🔵 The stock shows a series of **rounding bottoms** (marked on the chart), indicating a slow but steady shift from bearish to bullish sentiment. This pattern is like a **U-shape** 🏺, where the price slowly bottoms out and starts to rise again. The concept of **higher highs (HH)** ⬆️ rounding bottoms shows that each new bottom forms at a...
**Olectra Greentech Ltd** ### 🔴 **Red Downtrend Line** (Resistance) This red line represents a **downward resistance line** where the stock price has previously struggled to break above. 🛑 Every time the price has reached this line, it has reversed or dropped, showing that sellers have stepped in. ### 🔵 **Blue Support Line** This blue line at the bottom acts as...
The chart you've shared for Justdial Ltd. (NSE: JUSTDIAL) displays a classic **Cup and Handle** pattern, a bullish continuation pattern that often signals a possible upward breakout. Here’s a detailed analysis ### 1. **Cup Formation ☕** The stock made a rounded bottom, forming the “cup” part of the pattern. 📉 During this phase, volume gradually...
1. **Price Level 4500 is Crucial for this Stock** 🔵 **4500** is marked as a critical resistance level. Historically, the stock has struggled to break above this mark (indicated by previous points of resistance 1, 2, and 3). Now that the stock has crossed this level, it could indicate a potential breakout or strong upward momentum. This is marked by...
### 1. **9-Month Consolidation (📦 Box Pattern)** **Pattern**: **Rectangle/Box Consolidation** **Details**: The price has been **moving sideways** within a range of about **₹300 points** for the last 9 months, creating a consolidation zone. This period of consolidation indicates **indecision** in the market, where neither bulls nor bears have taken full...
Here's a detailed explanation of the chart with added emojis: 1. **Breakout Level**: 📊 **Breakout Level** (marked in yellow) represents a key **resistance** point around ₹1,421.90. - 📉 In the past, the stock price repeatedly tried to cross this level but was pushed back down each time, showing that sellers were strong at this point. - 🚀...
**Chart Overview:** **Stock:** Hero MotoCorp Ltd. (NSE: HEROMOTOCO). - **Indicators:** **EMA (Exponential Moving Average)**: - 9-period EMA: \(5,759.37\) 21-period EMA: \(5,618.91\) - 50-period EMA: \(5,472.63\) **200-period SMA (Simple Moving Average):** \(4,788.98\) **Volumes**: Shown below the price chart, indicating trading activity. ...
The chart **Advanced Enzyme Tech Ltd. (NSE)* * shows a clear **cup and handle pattern** which is typically a bullish continuation signal. Here's a breakdown of the key points in a trending fashion: ### 1. **Cup and Handle Formation**: - The chart presents a classic **"Cup and Handle"** pattern. This is generally considered a **bullish chart pattern**,...
🎮 **Nazara Technologies Ltd (NSE)** – 🚀 *On the Verge of a Big Move?* 🚀 ### 🏛️ **Chart Breakdown:** 1. **The IPO High Resistance 📊:** Nazara Technologies’ **IPO high** was marked around **₹1,049**, a level it initially struggled to break past. After a rollercoaster ride, the stock is now retesting this crucial resistance. 2. **Cup & Handle Pattern 🏆:** ...
The chart for Bhartiya International (NSE) is a monthly timeframe chart. Let's break it down and analyze it step by step. ### General Observations: 1. Resistance Breakout: The price had previously formed a resistance around the **₹638 level**, which was tested multiple times between **2016 and 2018**. However, in those attempts, the price failed to break out. ...
Analysis of Laurus Labs Ltd. Chart (Weekly Timeframe) 1. Channel Trend & Breakout Upward Channel: The chart shows a clear upward trend within a rising channel, starting from around mid-2022 and continuing into late 2024. Breakout: The price has just broken out of the upper boundary of the channel near the ₹500 level, suggesting potential bullish momentum. A...