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Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
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NIFTY buy zone only above 24365 lelvels
Indiaโ€™s GST collection hits record โ‚น2.37 Lakh Cr in April 2025! ๐Ÿ‡ฎ๐Ÿ‡ณ
YoY Growth: 12.6% โ€” Highest Ever

Break-up:
โ€ข Domestic: โ‚น1.90 L Cr (๐Ÿ”ผ 10.7%)
โ€ข Imports: โ‚น46,913 Cr (๐Ÿ”ผ 20.8%)
โ€ข Refunds: โ‚น27,341 Cr (๐Ÿ”ผ 48.3%)
โ€ข Net Collection: โ‚น2.09 L Cr (๐Ÿ”ผ 9.1%)

Solid indicator of strong economic activity!
Above Stocks
NIFTY buy zone only above 24365 lelvels
above this level today, and it blasted
Nifty 200+
Breakout Stock
#Wipro
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Nifty Today - As Per Zone Indicator
I understand the Zone Indicator
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๐Ÿ“‰ Bearish Market Outlook โ€“ Next 30 Days ๐Ÿ”ป

๐Ÿšจ Key Triggers:
- โ‚น40,000 Cr promoter selling in last 7 days โ€“ major red flag
- Nifty stuck below 25,100 for 3 weeks โ€“ strong resistance
- FII buying drying up significantly
- All good news priced in โ€“ no fresh positive triggers

โš ๏ธ Risk Factors:

- Rising bond yields
- Tariff tensions & global recession fears
- Surging commodity prices reigniting inflation

๐Ÿงญ Strategy:

- Sell on every rise
- Avoid misreading intraday bounces โ€“ trend remains down
- Target: Nifty may slide to 24,000 or below unless it decisively crosses 25,300

โณ Next 30 days favor sellers โ€“ caution advised for buyers!
๐Ÿ” Chart Analysis (#SBICARD - NSE)

๐Ÿ”ธ Key Resistance Level:
The stock is approaching a major resistance zone around โ‚น925โ€“โ‚น940, which has been tested multiple times in the past (notably in 2021 and 2022) and rejected.

This level previously acted as support in 2021 and then flipped to resistance after breakdown.

๐Ÿ”ธ Cup & Handle Pattern Forming:
A cup and handle pattern seems to be forming on the weekly timeframe โ€“ a bullish continuation pattern.

The stock has completed the โ€œcupโ€ phase and is attempting to break out. If it clears the โ‚น940 zone with good volume, a strong uptrend could follow.


๐Ÿ“ˆ Conclusion:

SBICARD is currently at a critical resistance level near โ‚น925. A breakout with volume confirmation could trigger a bullish move, validating the cup & handle breakout. However, caution is advised unless a decisive close above โ‚น940 is seen on the weekly chart.
๐Ÿ“ˆ #RITES Ltd (NSE) is showing strong momentum on the daily chart! ๐Ÿ’ฅ

๐Ÿ’น Price just broke out above a key resistance zone of โ‚น290โ€“โ‚น295 with heavy volume ๐Ÿ’ช
๐Ÿ“Š Closed at โ‚น299.50 today, up by +6.95% ๐Ÿš€
๐Ÿ“ This zone acted as a supply area earlier, and now a breakout here could lead to higher targets if it holds above โ‚น295 ๐Ÿ“ˆ๐Ÿ”ฅ
#LTF
Breakout near 180
Above Stocks
SBI CARD - 942 +++
New high 999 ๐Ÿš€๐Ÿš€๐Ÿš€
Above Stocks
#LTF Breakout near 180
Made new high 192 ๐Ÿš€๐Ÿš€๐Ÿš€