Understanding Horizontal Resistance Breakouts In the world of technical analysis, breakouts are among the most powerful patterns traders use to identify potential trading opportunities. One of the most reliable and widely observed breakout patterns is the Horizontal Resistance Breakout. Whether you'...
UltraTech Cement’s Foray into the Wire Business: A Bold Move or a Risky Bet? Market Overview The Indian stock market witnessed a mixed session today, with benchmark indices displaying a range-bound movement. While financial stocks surged due to the RBI’s relaxed lending norms, the cement and automob...
Technical Analysis of ABBOTINDIA and SWSOLAR Stock name: Abbott India Ltd. Pattern: Support breakdown Time frame: Daily Observation: Since January 2024, the stock has been moving within a parallel channel on its daily chart. In January 2025, it reached the channel’s support and, after multiple attem...
Technical Analysis of CANFINHOME and JIOFIN Stock name: Can Fin Homes Ltd. Pattern: Double top pattern Time frame: Daily Observation: Since June 2022, the stock has maintained an overall upward trend. However, between June and December 2024, it formed a double-top pattern on the daily chart and brok...
Technical Analysis of TRENT and SHRIRAMFIN Stock name: Trent Ltd. Pattern: Double top pattern Time frame: Weekly Observation: The stock has been in an overall uptrend but formed a double top pattern on its weekly chart between August 2024 and January 2025. In mid-January 2025, it broke down from the...