ganeshanalysis

ganeshanalysis

continuing with our railways theme. TITAGARH-EQ has given a breakout of its resistance channel and will retest its high. price is has taken support at its strong support zone. immediate target is around 1250 - 1350 lvls and if fundamentals support it is poised to break its previous high lvls. as always people are advised to trade as per their risk capacity.

ganeshanalysis

indian railways theme is again picking momentum. if we check charts of railway theme like IRFC, RVNL etc, barring couples, almost all are nearing breakout. once breakout is given the price is likely to retest its high and in some cases will make a new high. one such company is TEX RAIL. price is trying to take support at its strong support zone and is...

ganeshanalysis

GRASIM-EQ has reached its 100% fib lvls and there is a high chance that price will not be able to cross its recent ATH of ~2875 lvls. which leads us to the current formation of double top pattern on weekly basis as shown in the pic. the neckline of double top pattern stands near ~2300 lvl which when broken will trigger intense selling. as always people are...

ganeshanalysis

PRAKASH-EQ has traded in range for about 14 years ( from 2010 high to recent 2024 high ). This time the breakout is different because price has managed to break and trade above its crucial resistance zone. currently price of PRAKASH-EQ has taken support at the lower end of its long term resistance channel and there is high chance of price breaking its all time...

ganeshanalysis

TATAMOTORS-EQ price trend is in downtrend this is because price is trying to retest its previous all time high resistance zone ~550 - 425. people of wish to add and have a long term goal it is better to add at those lvls because the current bounce might be used as selling opportunity by traders/speculators because of minor support. as always people are advised...

ganeshanalysis

TARSONS-EQ was trading in down channel. recently price has given a breakout of that channel and is currently retesting the breakout zone. the targets are be easily identified using fib tool. the immediate target is ~500 - 515 with high chance of complete reversal and a new high in next 1-2 years as always trade as per your risk capacity.