Marketik

Marketik

- The stock has been in a strong uptrend, forming higher highs and higher lows, confirming a bullish trend. - A significant liquidity zone was created around INR 320 during the election results day, providing a solid support level. - The stock is currently trading near the 0.5 Fibonacci retracement level at INR 422, which is a crucial resistance level. - Breaking...

Marketik

After a rally The stock is trading in parallel zone and formed flag & pole pattern which it can break easily because volume is high and it’s sustaining near resistance zone without any selling pressure. Keep in radar above 660 it will give strong momentum.

Marketik

- The stock has been trading within an ascending broadening wedge pattern, characterized by higher highs and higher lows. - Recently, the price bounced off the lower trendline support around INR 280, showing bullish strength. - There is a notable increase in volume, supporting the recent price surge, indicating strong buying interest. - The RSI is...

Marketik

✅The stock is showing a strong bullish momentum, breaking out from a rising wedge pattern that has been forming over the past year. This breakout is accompanied by high volume, indicating strong buying interest. ✅The stock has broken above the key resistance level at ₹900 and is currently trading around ₹945. ✅The Relative Strength Index (RSI) is showing a...

Marketik Updated 

✅The stock has been in a consolidation phase, with price action forming a descending triangle pattern. Recently, the price has shown signs of breaking out from this pattern, indicating a potential bullish reversal. ✅ Immediate support around ₹240, which was a recent consolidation level. Stronger support near ₹220, aligning with the lower trendline and past price...

Marketik

Now Nifty at very strong support zone and also at retest zone if it doesn’t sustain above upper trend then only we need to unwind our position else wait patiently, fundamentally Indian market is bullish. World market is also showing strength.

Marketik

✅Neogen Chemicals is currently trading in a long-term ascending channel and is approaching a crucial resistance level at ₹1730. The RSI is showing a bullish divergence, indicating strong momentum building up. If the stock breaks above ₹1800 with significant volume, it could see a strong upward rally. The MACD also shows a bullish crossover, supporting the...

Marketik Updated 

-rounding bottom with very high volume -breakout in daily weekly monthly time frame -rsi rising looking very strong -Over the last 5 years, revenue has grown at a yearly rate of 0.15%, vs industry avg of -6.83% -Over the last 5 years, market share increased from 53.11% to 75.88% -In last 3 months, foreign institutional holding of the company has increased by 6.95%

Marketik

City Union Bank has broken out of a long-term descending triangle pattern, which has been in formation for over 2 years. The breakout above the upper trendline at around INR 170 is supported by a rise in trading volume, indicating strong bullish momentum. The RSI is also trending upwards, suggesting increasing buying pressure. MACD is showing a bullish crossover,...

Marketik Updated 

Vst Industries -it is bouncing strongly from lower support level, shows strength -volume is very high as compare to previous months -should break upper band band this time with strong momentum -and most importantly institutions targeting this stock

Marketik

✅RUPA & CO. has shown strong momentum, breaking out of a 1-year resistance level at 320 with a significant spike in volume. The stock has tested this level multiple times since May 2023 and now has a clear path for an upward rally if it sustains above 320. The RSI is also rising, indicating increasing buying pressure. ✅Rupa & Co. has been expanding its product...

Marketik

Rupa & Co has experienced multiple attempts to break the resistance at ₹320, forming a strong resistance zone over the past year. The recent price action has shown a significant increase in volume, indicating strong buying momentum. If the stock sustains above ₹320, it could lead to a strong rally. Rupa & Co, a leading player in the Indian innerwear market, is...

Marketik

✅The stock is approaching a 3.6-year-old resistance level within a downward sloping channel. After multiple rejections at this resistance, the recent breakout attempt is supported by a significant increase in volume and a bullish divergence in the RSI, indicating strong buying momentum. If the stock sustains above 225, it could trigger a rally towards 325-350...

Marketik

✅The stock has been moving within an ascending triangle pattern, which indicates a potential bullish breakout. It recently tested the upper resistance trendline and showed a strong upward movement with significant volume, suggesting a breakout towards higher levels. The support level is maintained at the lower trendline, providing a good risk-reward...

Marketik Updated 

Voltamp Transformers Overview: Voltamp Transformers is a leading manufacturer of transformers and allied products in India, known for its high-quality and reliable products. The company has a strong market presence and serves a wide range of industries including power, infrastructure, and renewable energy. Technical Analysis: - Resistance Breakout and Support:...

Marketik

1. **Support and Resistance Levels:** - The stock chart shows key levels where the stock price tends to reverse direction. The support level is around ₹120-₹140, where the stock finds it difficult to go lower and usually bounces back up. The resistance level is around ₹170-₹175, where the stock struggles to go higher and tends to drop back down. These levels...

Marketik

✅The stock has been forming a series of higher lows and has tested the 1200 resistance level multiple times over the past few months. With strong support at 800 and a bullish cup-and-handle pattern, it is likely to break out and rally if it sustains above the 1100 level. ✅Intellect Design Arena has reported a consistent growth in revenue, with a notable increase...

Marketik

✅Gujarat Fluorochem is showing strong support around the 100 EMA at 3047. The stock has been consolidating within a descending triangle pattern for the past few months, which it is now attempting to break out from. If the stock can sustain above the 3265 level, it could see a significant upward movement toward 4500. ✅Company recently expanded its product line in...