Above Stocks
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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 Today - As Per Zone Indicator
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πŸ“‰ Bearish Market Outlook – Next 30 Days πŸ”»

🚨 Key Triggers:
- β‚Ή40,000 Cr promoter selling in last 7 days – major red flag
- Nifty stuck below 25,100 for 3 weeks – strong resistance
- FII buying drying up significantly
- All good news priced in – no fresh positive triggers

⚠️ Risk Factors:

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

🧭 Strategy:

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

⏳ Next 30 days favor sellers – caution advised for buyers!
πŸ” Chart Analysis (#SBICARD - NSE)

πŸ”Έ Key Resistance Level:
The stock is approaching a major resistance zone around β‚Ή925–₹940, 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.

πŸ”Έ Cup & Handle Pattern Forming:
A cup and handle pattern seems to be forming on the weekly timeframe – a bullish continuation pattern.

The stock has completed the β€œcup” phase and is attempting to break out. If it clears the β‚Ή940 zone with good volume, a strong uptrend could follow.


πŸ“ˆ Conclusion:

SBICARD is currently at a critical resistance level near β‚Ή925. A breakout with volume confirmation could trigger a bullish move, validating the cup & handle breakout. However, caution is advised unless a decisive close above β‚Ή940 is seen on the weekly chart.
πŸ“ˆ #RITES Ltd (NSE) is showing strong momentum on the daily chart! πŸ’₯

πŸ’Ή Price just broke out above a key resistance zone of β‚Ή290–₹295 with heavy volume πŸ’ͺ
πŸ“Š Closed at β‚Ή299.50 today, up by +6.95% πŸš€
πŸ“ This zone acted as a supply area earlier, and now a breakout here could lead to higher targets if it holds above β‚Ή295 πŸ“ˆπŸ”₯
#LTF
Breakout near 180
Above Stocks
SBI CARD - 942 +++
New high 999 πŸš€πŸš€πŸš€
Above Stocks
#LTF Breakout near 180
Made new high 192 πŸš€πŸš€πŸš€
Nifty about to break the Support Zone
More Downside Possible
The Fall
BREAKING NEWS πŸ“°

NSE F&O expiry shifts to Tuesday from Thursday.

BSE F&O expiry shifts to Thursday from Tuesday.

Effective date : 1st Sept 2025