After a break out of 1280 in M&M stock.its price sour to 1420. Then it's start consolidating in a range and make W pattern in Daily chat. Break out of W pattern is seen in today's trading season. Break out level for M&M share price is 1425 level. with SL of 1370 and the pattern Target will 60 rupees above the break out level which is 1485. As the stock consolidation range is 60 rupees.

  This is the weekly chat of Nifty.In this chat we can see Nifty has a strong weekly closing. Nifty is ready to take its previous high of 18887 made last year November series. Here we can see rounding buttom pattern in the chat and it's break out level is Nifty previous high.If it breaks the level you can see 2000 point rally in Nifty as per the chat. Now the question is will this break out happen? I think it may happen.That doesn't means the 2000 point catchup rally also started soon. The break out may happen but rally doesn't.Because after making a low arround 17000 level Nifty is continuously moving upwards and had a massive rally. Now India Vix which is volatile index is at its low. When vix at low and market at its pick with continuous movement,there is every possibility market will make a Top. For next few trading season nifty will consolidate in range and regain its breath. Highest call writting seen at 19000 level ,so we can assume Nifty will make a top arround this...

  Let's do the Technical analysis of TATA steel stock. After making a high of 151 in month of August 2022 Tata Steel become weak,and following a descending or failing trendline pattern in weekly chat. After a long 1yr of consolidation Tata steel stock about to break the trend line. The break out level is 115 in spot. Closing above this level Tata steel is out of this consolidation zone. Then it will be test his previous high if 151 and break this level for a target of 190. So huge target is coming be prepared for that. Thank you Debadata jena

  Grasim daily chat CUP WITH HANDLE PATTERN EXPLAIN WITH EXAMPLE: You can see in GRASIM daily chat in above figures. Thare is a pattern formation in the chat called Cup with Handle. Grasim about to break this pattern. What is Cup and Handle Pattern? The "cup with handle" pattern is a technical chart pattern commonly used in stock market analysis. It is often considered a bullish pattern and is used by traders and investors to identify potential buying opportunities. The cup with handle pattern typically occurs during an uptrend and consists of two parts: the cup and the handle. Here's a breakdown of each component: Cup: The cup portion of the pattern resembles a rounded bottom or a "U" shape. It is formed as the stock price experiences a gradual decline followed by a gradual recovery. The left side of the cup represents the downward movement, while the right side represents the upward movement. Handle: The handle is formed after the cup is completed. It represen...

 A deep depression over the southeast Arabian Sea rapidly intensified into a very severe cyclone storm ‘ Biparjoy’ in the last few days. As per the latest updates, the cyclone on Tuesday weakened into a very severe cyclonic storm. According to the Indian Meteorological Department (IMD), the cyclone has been moving northwards at a speed of five kilometres per hour and is centred approximately 270 km southwest of Gujarat’s Porbandar.  It is expected to cross Gujarat’s Saurashtra and Kutch regions as well as adjoining Pakistan coasts on Thursday. At the time of land wind speed may be go upto 150kmph What is the meaning of ‘Biparjoy’? The name of the cyclonic storm, Biparjoy is recommended by Bangladesh, which is pronounced as ‘ Biparjoy’ . In Bangla, the word Biparjoy means ‘disaster’. The naming was done  by the World Meteorological Organisation (WMO). The naming of cyclones is done by countries on a rotational basis, following certain existing guidelines.  How are tr...

  Nifty form a inside candle pattern in daily chat.It means below 18550 Nifty is bearish and above 18680 Nifty is bullish. So 18550-18680 is basically no trading zone.But you can take contra trade using this level with a small stoploss. Buy arround lower end of the range with SL of 18530. And sell arround higher end of the range with 18720 as SL. Today range break out probably not happen due to Financial nifty expiry. Bank nifty In Bank nifty straight forward level for today is 43800 which is 20EMA and last 7-8 trading season low. So below 43800 level bank nifty will become bearish. And on upside 44500 is clear breakout level for bank nifty which will not happen today due to finnnifty expiry. You can initiate buy trade at 43900-44000 level like nifty to play the range. Target will be arround 44350-44450.SL is 43800. Sell arround 43400 Target 43900 and SL 43500. Plan your trade accordingly for today. Thank you. WhatsApp 9776360043

  As per option data at 2.00pm  Nifty has highest put writting of 2.3cr at 18500 strike price and highest call writting of 2.5cr at 18600 strike price. So this  huge writing in call and put side, Probably not break on upside or down side as these writter will try to protect these two strike prices Trade setup for expiry in Nifty Buy 18500 ce if Nifty is hovering arround 18500-480 which is yesterday low. And exit or take profit from the call when you get 18550-60. Buy 18600 put if you get Nifty arround 18600 level.Take profit arround 18550-530. Nifty may expired at 18540-60 range. If Nifty break 18500 on down side or 18600 on upside before 3.00pm which is most likely not happen today,expect 50 point move on either side. Thank you Debadata jena WhatsApp number 9776360043