Rattanpower has given monthly breakout from a strong resistance zone of 16-18. Stock is very risky and operators favourite. However, volumes are at all time high and there are few rumours around it that Adani power is going to acquire the company which might be fueling this rally. If you are a high risk momentum trader , you should be interested in this...
NiftyIT sector is looking very weak as we have seen a breakdown of support. BSoft is one smallcap IT stock which has big potential to grow in future. Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish. If we see a fall in this stock and you are a long term investor, best...
Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 -...
Symphony is a good positional trade as it has given monthly reversal breakout However, stock has not shown growth in previous few quarters which can lead to slow rally. Q1 is always fruitful for AC-Fridge manufacturers. Lets wait and watch how this stock goes.
As we can see NIFTY is now trading at important trendline SUPPORT and despite the strong downfall, we saw NIFTY taking support from the trendline and structure. As long as NIFTY maintains itself above the structure, every dip is an buying opportunity till it finally breaks down which could lead to 300-400 points downfall in single day so plan your trades accordingly.
DBRealty had given a multiyear monthly breakout and had given around 50% move already. However, stock is now retesting the breakout and might come down in range of 150-180. Safe traders can wait for a reversal pattern like morning star or bullish harami in this zone. Such a monthly breakout had happened in Purvankara which doubled in 3 months As realty sector is...
Important support and resistance levels for MCX Crude - 31/05/2024
Banknifty support and resistance levels to trade on wednesday, if you look at 15 chart trend is bearish only above 49350 if price sustains bullish view can be consider until then sell on rise applies . support :- 49050 reistance:-49380 upside targets 49450,49600,49700. downside target 48800,48600,48550.
Yesterday, BankNifty took support at the 75-minute zone (48,216 - 48,410) mentioned in the last two posts and bounced up to the near supply zone (49,043 - 49,187), as indicated in the previous post. Support Levels: Near Support Zone (75m): 48,216 - 48,410 (remains the same) Far Support: 48,017 (61.8% FIBO level of the last swing) Further Down Support Zone (125m):...
💎 Paradisers, #TRBUSDT has broken out of a falling wedge pattern and has now formed a 'W' pattern, which increases the likelihood of a bullish move. 💎 If #TRB closes a candle above the resistance level, it will validate the pattern, and we can set our targets at the previous swings. 💎 However, if the price closes a candle below the demand zone, it will...
1.Moving averages - 21 Ema above 50 -50 Ema above 200 -Gap between Ema seems better 2.uptrend continues observed 3.Good pivot levels
NSE:NIFTY Highest Call writing near CMP is at 23000 Strike of 38.92 Lakh followed by 17.38 Lakh at 22500 Strike and 13.56 Lakh at 22600 strike. Maximum Put writing of 20.48 Lakh at 22500 Strike followed by 15.36 Lakh at 23000 strike 11.78 Lakh at 22450 Strike. Index closed near 22490 level. Index has strong resistance near 22600 - 22625 level and if index if...
NSE:BANKNIFTY Highest Call writing near CMP is at 49000 strike of 9.36 Lakh followed by 7.01 Lakh at 48500 strike and 4.69 Lakh at 49500 strike. Highest Put writing of 8.21 Lakh at 48500 strike followed by 7.53 Lakh at 49000 strike and 6.14 Lakh at 48000 strike. Index closed near 49680 level. Index has resistance near 49000 level and if crosses and sustain...
NSE:CNXFINANCE Maximum Call writing near CMP is at 22000 strike with 2.48 Lakh followed by 2.44 Lakh Call at 21700 Strike and 2.02 Lakh at 21600 strike. Maximum Put writing is at 2.27 Lakh at 21000 strike followed by 1.74 Lakh Put writing at 21600 strike and 1.38 Lakh at 21500 strike. Index closed near 21600 level. Index has resistance near 21800 - 21830 level...
NSE:NIFTY_MID_SELECT Maximum Call writing near CMP is at 11400 strike with 5.57 Lakh followed by 5.41 Lakh at 11600 Strike and 5.32 Lakh at 11500 strike and Put writing of 4.23 Lakh at 11200 Strike followed by 3.86 Lakh at 11400 Strike and 3.41 Lakh at 11500 strike. Index is closed near 11340 level. Index has resistance near 11425 - 11450 range and if index...
Yesterday we book 1900 points profit on silve 360 points profit on gold. Today 1250 points profit running on silver 200 points profit running on gold enjoy massive profit in 2 day's again Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...