Rohan desai | SEBI reg research analyst | | index and stock options | ideas and chart for educational purposes only | MBA - finance | SEBI reg : INH000025814|
#JUNIPER HOTELS — Technical Setup
1️⃣ Trend: Bullish — stock has formed a strong short-term recovery with higher highs & higher lows.
2️⃣ Breakout:
🔥 ₹223–224 was the key resistance zone. Today’s close at ₹227.39 gives a strong closing breakout.
3️⃣ Candle:
Strong bullish candle with ₹233.99 intraday high and close near the breakout zone — buyers clearly dominated.
4️⃣ Volume:
📈 Volume expanded sharply to around 1.04M, supporting the breakout and making the move more convincing.
5️⃣ Immediate Resistance:
➡️ ₹234
➡️ ₹240
➡️ ₹250
6️⃣ Momentum Trigger:
🚀 Sustained move above ₹234 with strong volume can open the way towards ₹240 → ₹250.
7️⃣ Key Supports:
🟢 ₹223–224 — breakout/retest zone
🟢 ₹218–220 — short-term support
🟢 ₹210 — major candle support
8️⃣ Retest Setup:
The ideal bullish setup would be a pullback towards ₹223–224, followed by a bullish reversal.
Resistance → Support = stronger confirmation.
9️⃣ Warning:
⚠️ Failure to hold ₹223 can lead to profit booking towards ₹218–220.
A sustained move below ₹210 would significantly weaken the breakout structure.
🔟 Overall View:
Bullish above ₹223–224.
🔥 Above ₹234 = momentum confirmation.
🎯 Levels to watch: ₹240 → ₹250
#INOXINDIA (NSE: INOXINDIA) — Technical Setup 📊
1️⃣ Trend: Bullish — price is making higher highs & higher lows.
2️⃣ Pattern: Stock is forming an Ascending Triangle with rising trendline support and resistance near ₹2,300.
3️⃣ Breakout Zone:
🔥 ₹2,300–₹2,310 is the key zone. A sustained close above this can confirm the breakout.
4️⃣ Volume: Strong volume expansion supports the breakout attempt — an important positive confirmation.
5️⃣ Immediate Resistance:
➡️ ₹2,340
➡️ ₹2,400
➡️ ₹2,500
6️⃣ Upside Momentum:
Above ₹2,340 with strong volume, momentum can accelerate towards ₹2,400 → ₹2,500.
7️⃣ Key Supports:
🟢 ₹2,250
🟢 ₹2,200
🟢 ₹2,150
8️⃣ Breakout Retest:
A successful retest of ₹2,300 as support would strengthen the bullish setup.
9️⃣ Invalidation:
⚠️ Sustained weakness below ₹2,200 would weaken the current bullish structure.
🔟 Overall View:
Bullish above ₹2,300–₹2,310 with volume confirmation.
Don’t chase blindly; breakout + retest is the cleaner setup.
📌 Levels are based on technical chart structure, not a guaranteed target.
#nifty
Study this chart guys,
1. long waited gap filled today
2. Now getting ready for big upside
3. According to chart in September we may see healthy upside in nifty
#nifty analysis
Study this chart guys
1. Early gap filled
2. One more gap is still pending
3. Data shows positivity for nifty or market
Comment your view on nifty
23800 or 24500