Month: July 2025

ASIANPAINT Technical Analysis

Posted on by Admin

🎯 ASIANPAINT Technical Analysis: Resistance Rejects Rally Again

Stock: ASIANPAINT (NSE)
Current Price: ₹2,382.40
Chart Timeframe: 1 Day (Daily)
Date: July 20, 2025

📌 Overview

ASIANPAINT is showing signs of weakness after a strong rally stalled near a key resistance zone. Although the stock attempted a breakout, sellers stepped in quickly. As a result, the price reversed and is now consolidating below that level.

🔍 Key Levels to Watch

  • Major Resistance: ₹2,510
  • Immediate Support: ₹2,300
  • Next Resistance (if breakout succeeds): ₹2,760

So far, the ₹2,510 level has acted as a strong supply zone. This is the second time price failed to cross this level, indicating that sellers continue to dominate near resistance.

📊 Price Structure Breakdown

Let’s look at the technical setup in detail:

  1. First Rejection
    In late 2024, the price approached ₹2,510 but quickly reversed. This level acted as a strong ceiling. The downtrend continued for several months after that.
  2. Base Formation and Recovery
    From January to June 2025, the stock moved sideways. Buyers gradually took control, forming a base. Eventually, the price started to recover with stronger volumes.
  3. Retest and Second Rejection
    In early July, ASIANPAINT rallied once again to test ₹2,510. Although the breakout attempt looked strong, the price couldn’t hold above it. It reversed shortly after, marking a failed breakout.
  4. Volume Confirmation
    Interestingly, volume was elevated during both rally attempts. However, selling volume near resistance remains strong, which reinforces the bearish rejection.

📈 What This Means for Traders

Because the stock failed to break through ₹2,510 twice, this level becomes even more important going forward. If the price manages to sustain above ₹2,510, it could open the path toward the next resistance zone at ₹2,760.

On the other hand, if the stock breaks below ₹2,300, we may see a deeper pullback. Therefore, short-term sentiment will likely stay cautious unless a breakout occurs with high volume.

✅ Summary & Outlook

To summarize, ASIANPAINT has tested a critical resistance level twice but failed to break through. The price action now looks neutral to slightly bearish unless it reclaims the ₹2,510 mark. Traders should stay alert and watch for confirmation signals.

📉 View: Cautious / Neutral
🔺 Resistance: ₹2,510 and ₹2,760
🔻 Support: ₹2,300
🔍 Breakout Watch: Above ₹2,510 for fresh upside

⚠️ Disclaimer: This is for educational and informational purposes only. Please consult a SEBI-registered advisor before investing or trading.

Join Us On Telegram : Click Here
Read More Articles : Click Here

NIFTY 50 faces strong resistance

Posted on by Admin

NIFTY 50 faces repeated resistance at ₹25,100. This analysis highlights multiple failed breakouts, bearish signals, and key levels to watch in July 2025.

Chart Timeframe: 1 Hour (1H)
Current Price: ₹24,967.45
Date: July 19, 2025

🔍 Overview

NIFTY 50 continues to struggle below a key resistance zone. Although the index attempted several breakouts, sellers took control each time. As a result, price momentum has weakened, and signs now point toward a possible short-term downside.

🧭 Key Technical Levels

  • Resistance Zone: ₹25,050–₹25,100
  • Current Price: ₹24,967
  • Support Level to Watch: ₹24,800

This resistance zone has remained strong over the past few weeks. Every time the index moved near this level, it failed to break through convincingly. Therefore, this area has become a major supply zone.

🔄 Price Action Breakdown

Let’s examine the structure step by step:

  1. Initial Rejections
    The index tested the ₹25,100 zone multiple times. However, sellers pushed the price lower each time. These sharp rejections clearly show selling pressure.
  2. The Fake Breakout
    Eventually, the price did break above the resistance. But it couldn’t hold above that level. Soon after, the breakout failed, leading to a bull trap. Consequently, many traders who entered long positions were caught on the wrong side.
  3. Final Push and Failure
    The price made one last attempt to break out. Although it briefly crossed above resistance, it quickly reversed. This marked the final failure before the current decline.
  4. Retest and Breakdown
    After falling below the blue line, the price came back up to retest the same level. As expected, this time the previous support acted as resistance. The retest failed, and the price continued its downward move.

📊 Market Sentiment and Technical View

So far, the price action shows clear signs of bearish strength. While buyers have tried to gain control, sellers have responded with strong resistance. Furthermore, each rejection has occurred near the same level, confirming that the zone between ₹25,050 and ₹25,100 is significant.

The fake breakout added to the selling pressure, as traders quickly exited failed long positions. Since then, the index has lost its upward momentum.

🔍 What to Expect Next

Going forward, traders should monitor price behavior closely near the current levels. If the index stays below ₹25,100, the bearish view will likely stay intact. On the other hand, a sustained move above this resistance with strong volume may flip the bias back to bullish.

Until that happens, the market looks weak. Therefore, traders should remain cautious.

✅ Conclusion

In conclusion, the NIFTY 50 index is stuck below a major resistance zone. Multiple failed breakouts and a false rally have weakened its technical outlook. While bulls may attempt to regain control, the market currently favors bears.

📌 View: Short-term bearish
🔺 Resistance: ₹25,050–₹25,100
🔻 Support: ₹24,800
📉 Trend: Bearish below ₹25,100; strength only above this zone

⚠️ Disclaimer: This is for informational purposes only. Please consult a SEBI-registered financial advisor before making investment decisions.

Join Us on Telegram : Click Here

63 Moon Share Analysis July 2025

Posted on by Admin

 

Technical analysis of 63 Moons Technologies Ltd (BSE: 526881) shows a strong breakout pattern. Key levels, targets, and support zones explained in simple terms.

Date: July 19, 2025
Current Price: ₹1,044.15
Sector: IT Services & Financial Technology

🔍 Overview

63 Moons Technologies has caught the market’s attention. While the stock fell 1.40% today, the bigger picture remains positive. The chart shows a clear uptrend. As a result, this could be a good time to watch the stock for a breakout move.

🧩 Chart Setup

Over the past few months, the stock has created a bullish pattern. This looks like a cup and handle or inverted head and shoulders formation. Both are strong signals of trend reversal.

Recently, 63 Moons broke above a key resistance zone at ₹1,030–₹1,070. That area had stopped price growth earlier. Now, it seems to be acting as a support.

After the breakout, the price pulled back slightly. However, this could just be a retest before the next move higher.

📊 Key Technical Indicators

Indicator Reading What It Means
RSI (14) 58 Neutral – not overbought
Volume (SMA 9) 24.9K Steady – picked up on breakout
Support ₹1,000–₹1,030 Key demand zone
Resistance ₹1,180–₹1,250 Next possible targets
Trend Higher highs & lows Positive and strong

The RSI is still under 60, meaning the stock is not in the overbought zone. This leaves room for more upward movement. Volume has also been steady, showing interest from traders.

🧭 What to Watch Next

The stock is testing the ₹1,030–₹1,050 area. If it holds, buyers could step in again. A bounce from this level could push the price toward ₹1,180 or even ₹1,250.

On the other hand, a fall below ₹1,000 may weaken this bullish setup. Therefore, risk control is important.

🧾 Why This Matters

There are several reasons this setup looks promising:

  • The breakout has already happened
  • The pullback is normal in strong uptrends
  • RSI is healthy — not stretched
  • Price is forming higher lows
  • Volume supports the breakout

All these signs suggest the stock could move higher in the coming sessions.

📌 Conclusion

To sum it up, 63 Moons Technologies is showing a bullish chart with good momentum. The breakout is valid, and the price is now testing support. If this level holds, the stock may rally again.

✅ View: Bullish
📍 Buy Range: ₹1,030–₹1,050
🛡️ Stop Loss: ₹999 (daily close)
🎯 Target 1: ₹1,180
🎯 Target 2: ₹1,250+

⚠️ Disclaimer: This is not financial advice. Please consult a SEBI-registered advisor before investing.

Join Us On Telegram : Click Here
Read More Articles : Click Here