Short term trading opportunity in Indian Hotels for 20% upsideHi,
NSE:INDHOTEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Bankniftytradesetup
BankNifty Intraday Support & Resistance Levels for 08.07.2024On Friday, BankNifty opened gap-down, found support at the 125m demand zone (51,996 - 52,379) mentioned in the last post, and bounced back but did not fully recover due to a lack of buying pressure, closing 443 points down at 52,660.35. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (125m): 51,996 - 52,379
Far Support/Demand Zone (75m): 51,510 - 51,784
Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels:
Near Small Supply/Resistance Zone (30m): 53,064 - 53,188
Short term trading opportunity in Westcoast Paper for >15% upsidHi,
NSE:WSTCSTPAPR has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term trading opportunity in IOC for huge upsideHi,
NSE:IOC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short term trading opportunity in GIPCL for huge upsideHi,
NSE:GIPCL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
BANKNIFTY Intraday Trade Setup For 9 Jul 2024BANKNIFTY Intraday Trade Setup For 9 Jul 2024
Bullish-Above 52820
Invalid-Below 52710
T- 53400+
Bearish-Below 52250
Invalid-Above 52360
T- 51680
BANKNIFTY has closed with a very small gain of 0.61% gain last week. It has formed a shooting star candle in weekly TF and its low is 51990 , this level is also a hourly swing low. Below its low, shooting star will be active and a bearish grip can be seen in the coming days. 52820 and 52250 will be levels for Monday to watch out for breakout.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53400+.
For selling we need a 15 Min candle close below 52250. T- 51680.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bank Nifty 08-07-2024 AnalysisHello Traders, Welcome to SriTrader5121
______________________________________
Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 520##
Major Resistance - Around 532##
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in the comment section.
Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
Nifty & Bank Nifty Analysis For Next Week 08-12 July 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
#Banknifty levels and direction for July 5th.Bank Nifty may open with a neutral to slightly gap-down start, after that If the market finds support around the immediate support level, then we can expect a range market. On the other hand, if it breaks the immediate support level, then we can expect the correction to continue.
BankNifty Intraday Support & Resistance Levels for 05.07.2024BankNifty opened gap-up and made a new all-time high of 53,357.70 but stayed within the previous day's range, ending flat with just a 14-point gain. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near 125m Support/Demand Zone: 51,996 - 52,379
Near 75m Support/Demand Zone: 51,510 - 51,784
Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels:
Near Small Supply/Resistance Zone: 53,139 - 53,222 (tested yesterday)
Currently, there are no additional supply zones seen on the chart.
Short Term Trading Opportunity in Dilip BuildconHi,
NSE:DBL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short Term Trading Opportunity in Cummins India for > 15% upsideHi,
NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short Term Trading Opportunity in TNPL for 15% UpsideHi,
An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:TNPL
MACD on daily, weekly and monthly time frame is on the bullish side and RSI is also on the bullish side, so expecting the bullish trend to continue.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
BANKNIFTY Intraday Trade Setup For 5 Jul 2024BANKNIFTY Intraday Trade Setup For 5 Jul 2024
Bullish-Above 53360
Invalid-Below 53250
T- 53835
Bearish-Below 52800
Invalid-Above 52910
T- 52250
BANKNIFTY has closed on an absolute flat note today. Nothing triggered as per trade setup, however both plotted support and resistance levels were respected. Tomorrow we will keep neutral view between 53360 and 52800. One should wait for breakout in order to trade directional. 52800 is a major intraday support which was validated today, break of which will trigger a profit booking move.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 53360 then we will long for the target of 53835.
For selling we need a 15 Min candle close below 52800. T- 52250.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bank Nifty 05-07-2024 AnalysisHello Traders, Welcome to SriTrader5121
______________________________________
Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 520##
Major Resistance - Around 532##
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in the comment section.
Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
#Banknifty directions and levels for July 4th.Bank Nifty has the bullish sentiment and made a new high in the previous session. If you look at the structure, you can see many patterns there, such as the flag pattern, cup & handle pattern, and cypher pattern.
But here also, the market suggests that if it rejects around the immediate resistance or if the gap-up doesn't sustain, then we can expect a 23% to 38% retracement in the minor swing. After that, if it finds support at either the 23% or 38% levels, then we can expect consolidation followed by a rally continuation. A correction will occur only if it breaks the 38% Fibonacci level. If it breaks, we can expect the next targets to be 50% and 78%.
Alternatively, if the gap-up sustains or if it consolidates around the immediate resistance level, then the rally will continue further.
BANK NIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
BankNifty Intraday Support & Resistance Levels for 04.07.2024BankNifty opened gap-up above the previously mentioned level of 52,735 and sustained above to make a new all-time high of 53,256.70. Both the weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (125m): 51,996 - 52,379
Near Support/Demand Zone (75m): 51,510 - 51,784
Major Support/Demand Zone (Daily): 51,138 - 51,934
Currently, there is no supply zone seen on the chart.
BANKNIFTY Intraday Trade Setup For 4 Jul 2024BANKNIFTY Intraday Trade Setup For 4 Jul 2024
Bullish-Above 53260
Invalid-Below 53150
T- 53835
Bearish-Below 52800
Invalid-Above 52910
T- 52350
BANKNIFTY has closed on a bullish note with 1.77% gain today. It opened with a big gap up and post 10:30 AM index went in very small range. Since it has closed at ATH level after 6 days. Tomorrow above 53260 there can be a good move 53260. Potential targets can be till 54370, 53835 as midway target. Below 52800 there can be bearish grip however it is less probable.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 53260 then we will long for the target of 53835 and 54370.
For selling we need a 15 Min candle close below 52800. T- 52350.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bank Nifty 04-07-2024 AnalysisHello Traders, Welcome to SriTrader5121
______________________________________
Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 5200##
Major Resistance - Around 5300##
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in the comment section.
Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
A Breakout in HDFC can take Bank Nifty to one more High? July 243rd July, 2024: Bank Nifty Elliott Wave Analysis
The impulse that started on June 4th after the election day crash is still ongoing and progressing through waves 1, 2, 3, 4, and 5.
Bank Nifty has completed waves 1, 2, and 3, and currently, we are in wave 4 (at present, we're not considering further extension scenarios of wave 3).
HDFC Bank & Bank Nifty:
HDFC Bank has a 28.38% weightage in the Bank Nifty index, and currently, HDFC is standing at a multi-year breakout level.
We shared the HDFC Bank analysis a few weeks ago; please check the link below.
Buy Entry Points:
Wait for a good dip near the 51600-51800 range and check if the price forms a W pattern and gives a breakout above the TS, KS & Cloud in Ichimoku.
Exit Points:
We have to wait for the wave 4 low point to determine the wave 5 target. We will update the status here.
Stop Loss:
100-150 points below the wave 4 low point. We will update once we get confirmation.
The risk-to-reward ratio will be great because wave 5 is expected to cross 53K.
Note: This trade is not active yet. Confirmation is always good for entry and exit.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Banknifty prediction for today 03 JULYAs we discussed, BANKNIFTY opened in the channel resistance zone. And the market started falling till 52000.
If we look at the chart now:
the market is trading in the downside channel in a flag pattern. It might complete the Flag and Pole pattern. If the market takes support from 52000, a good bullish momentum can be seen to the upside.
The market is getting ready for the upside.
Support levels: 52061, 51809, and 200 EMA and 51292
Resistance levels: 50 EMA, 52609, 52850, 53000
If we look at the OI data:
PCR = 0.71, which has changed from 0.87, shows that bears are increasing their position while bulls wind off some of their positions. The market can move in either direction, as per the OI data. 52000 is a good support point, whereas 52500 and 53000 are good resistance points as having good CE writing.
The morning 15-minute direction will determine the market direction.
Reason:
RSI ~ 40 indicates a bearish structure in the market; if breaks to the downside, it can give a good bearish momentum.
EMA(200) < Price < EMA(13,50) shows bearishness, and the market can retest the 200 EMA.
PCR = 0.70 shows that the market is mildly bearish.
Price < VWAP shows a bearish market structure.
Verdict: Sideways or Bullish
Plan of action:
The morning 15-minute direction will determine the market direction.
Sell 52000 CE and Sell 52000 PE (Hedge it with 20/- premium);
once the direction is confirmed, exit in the opposite position.