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Alltimehigh

FEDERAL BANK reversal candidate in short termNSE:FEDERALBNK looking good for reversal after correction. Closed just at Resistance zone. If sustains above resistance which is 190-192 can show Positive move till 195-198 in very short term. above 198-200 zone stock will head towards new life time high and 1st levels will be 215-220. very Short term support is at 187-188 and mid term support is 182. No buy sell recommendation. trade with your own study and risk management just for education purpose
NSE:FEDERALBNKLong
by Prabodhan_K
MOTHERSON at All time high BreakoutNSE:MOTHERSON stock is consolidating at All Time High levels after strong run. Yesterday spike in volume indicates strong accumulation in consolidation phase and stock is getting ready for breakout. After Resistance Breakout above 210 stock will make fresh higher highs again. Support levels in short term at 192-195 and for mid to long term at 185 on the upside 230 and 250 possible with current pattern. Education purpose only. No buy sell recommendation
NSE:MOTHERSONLong
by Prabodhan_K
IREDA ( going to shoot up ); 2024- best pick; min 100% ROIMay be going to became "Hot stock - 2024" Fundamentally good stock, Good For short term/ long term investment in cash market'. Leave a " Like If you agree ". 👍 . . Enter only after breaking & close above " Yellow box" mentioned. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer old ideas attached below🧲 Follow for regular updates👍
NSE:IREDALong
by TheNuraTrading
5
IT Index Like Cup & Handle | Invest In IT ETF For Long termIT Index Like Cup & Handle | Invest In IT ETF For Long term IT Index was moving sideways for long time and after a long time now it has broken out. Like a Cup and Handle, I think the IT Index do well in the long term. That is why we should invest in IT ETF for long term. All Indicator in favour Like :- RSI- Above 60 in Daily, Weekly and Monthly MACD- Daily, Weekly and Monthly Positive Crossover and above Zero line EMA- Daily, Weekly and Monthly above 50
NSE:CNXITLong
by Titu8727
SWING IDEA - GRASIMGrasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally. Reasons are listed below : The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the recent breach accompanied by strong candle activity, the stage is set for a significant market movement. A bullish engulfing candle, spanning daily price action over the past two months, serves as a powerful signal of bullish momentum, marking a pivotal juncture for traders. The presence of the 50-day Exponential Moving Average (EMA) as a support level on the daily timeframe adds further credence to the bullish outlook. Elevated trading volumes serve as a corroborating factor, indicating heightened market participation and conviction behind the price movement. The recent breakout from a two-month consolidation phase signifies a significant shift in market dynamics. Such breakouts often herald the onset of a new trend or the resumption of an existing one, presenting lucrative opportunities for traders to capitalize on directional movements. The consistent formation of higher highs underscores the underlying strength of the uptrend. This pattern of ascending peaks reaffirms the prevailing bullish trajectory, offering traders confidence in the sustainability of the upward momentum. Target - 2360 // 2575 Stoploss - Daily close below 2045 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:GRASIMLong
by Visionary_Growth_Insights
HDFC Bank Tanks, Drags Bank Nifty & Nifty Ends at a New ATHNifty 24324/+0.09%/5-7-24 The Open Price was -89 (83) points compared to the closing price of the previous session, giving a negative start to the day. Nifty made a low at 24169 )24281) which is a downward shift to the lower base and is not a positive sign . The Close Price was 111 (-68) as compared to the open price which is a positive sign. The Close - High difference was 39 (99) points which is also a positive sign - Nifty jumped up sharply in the last half an hour. Nifty’s range for the day was 194 (120) points. Nifty made a lower high, a lower low, and a higher close. The price action is bullish. Bank Nifty 52660/-0.83%/5-7-24 The Open Price was 392 (268) points compared to the cloning price of the previous session giving a positive start to the day. Bank Nifty made a low at 52290 (52816) which is a significant downward shift to the lower base and a negative sign. The Close Price was 100 (-254) points from the open price which is a positive sign. The Close - High difference was 158 (254) points and this mainly due to the fact that the high was hit at the open itself and there was late recovery in the index. Bank Nifty’s range for the day was 528 (542) points. Bank Nifty made a lower high, a lower low, and a lower close. The price action is tentatively bullish. Insights for 5-7-24 India Vix ended at 12.70/-1.24%. Nifty Lifters 38 Reliance, SBI, and LT. Nifty Draggers 52 HDFC Bank, Titan, and M&M. Bank Nifty Lifters 324 SBI, Kotak Bank, and Axis Bank. Bank Nifty Draggers 832 HDFC Bank In yesterday’s post I had mentioned that holding on to 52800 on a closing basis is very crucial for Bank Nifty. And the session’s high was 52817. Bank Nifty was under extreme pressure as HDFC Bank tanked almost 5% and contributed over 800 points fall in the index. Bank Nifty was able to recover in the last half an hour but it was not enough to take it above 52800. On the other hand, Nifty made a sharp recovery in the last half an hour of price action and ended at an All Time High close. This was possible mainly on account of short-covering in Infosys and HDFC Bank. The indices were volatile, but the India Vix is not reflecting the same and it ended with a decline. FIIs bought 1241 Crs DIIs Sold 1651 Crs Net -410 Crs What May Happen Next Week The next week may start seeing Q1 results getting released so the indices are likely to swing in line with what the traders/investors interpret of the numbers. For Bank Nifty, 52800 is a key resistance level and unless it opens gap up, and HDFC Bank does not fall further, the index may stage a recovery towards 53000. Nifty has shown resilience around 24200 and it appears that there are a good number of buyers around that level. So as long as it trades above 24200-250, the up move is more likely to continue.
NSE:DAVANGERE
by AVENUESOFINVESTMENT