On June 18, Nifty continued to rise, setting new milestones for the fourth session. The Nifty index kept rising gradually. In the Nifty, support has now moved up to 23, 300.
The Nifty’s positional goals are 23,824 and 24,125, which correspond to the 123.6 and 138.2 percent Fibonacci retracement levels of the full decline, which was recorded from 23, 338 (the peak of June 3, 2024) to 21, 281 (the bottom of June 4, 2024).
Purchase Strides Pharma (CMP: Rs 993): | Stop-loss Rs 947 | Targets Rs 1090, 1300
The stock has negated a downward trend by retracing more than 61.8% of the total decline that was observed from the swing high of Rs 425 to the most recent swing low of Rs 312.
The stock is currently positioned above all significant moving averages, indicating a positive trend over all time periods.
Purchase Zensartech (CMP: Rs. 703): | Stop-loss Rs. 635 | Targets Rs. 795, 900
From the triple top resistance level of Rs 660, the stock price has surged higher. Healthy volumes accompanied the price increase.
All significant moving averages have been exceeded by the stock price, indicating a positive trend across all time periods. Weekly and monthly charts show an increase in optimistic indicators and oscillators.
On the weekly and monthly charts, the stock price has been forming higher peaks and higher bottoms.