NIFTY50 - Weekly Index Analysis - 15th June #indices #nifty50NIFTY50 Analysis Update (1W TF) - 15th June, 2024
- Trading outside the channel as of now
- The Resistance & Support Zones are marked out
- This should help choosing our Swing Trades as well
If you are in FOMO:
- Then ensure to choose stocks that are at Weekly support levels only
- Do not jump into falling knives which are away from their support levels
Note: The charts will be updated as we go along. But please ensure to keep your Risk Management in play constantly for any and all swing trades.
* Disclaimer
Breakout
City Union Bank - Cup and Handle Breakout CUB is breakout above 169 price after an year along with cup and handle pattern.
CUB also has good high volumes along with price action.
While achieving the target of this cup and handle it will also complete another rounding bottom. which will open doors for higher targets !!
Cup Height : 50 points
Breakout Zone : 168
Target : 222-256-275++
BBTC Is Rocked Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Rectangular box Pattern in daily TF.
* Expanding Wedge Pattern Form Inside Rectangular Box
* From Feb 2024 to June 2024 Tested Trendline Many times.
* It's Break resistance Zone and trying to Retest.
* Volume Accumulation (Volume is rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
BBTC triangle breakout finally?BBTC is a very volatile stock which has shown many SL hunting moves in past.
The stock has given weekly breakout from symmetrical triangle and is looking good for big targets.
Levels are mentioned on chart. Trading in this stock has more risk than usual.
Idea shared only for educational purposes.
GRSE - Breakout Setup, Move is ON...#GRSE trading above Resistance of 1176
Next Resistance is at 1677
Support is at 892
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update
Weekly Chart Analysis:
Order Block (OB) 1: $42,000 - $38,000
First Fair Value Gap (FVG): $47,557
Order Block (OB) 2: $28,000 - $26,400
Second FVG: $33,802
Potential Scenarios:
We could see a fill of the first OB and FVG before a new upward rally.
Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000.
Spot Entry Levels:
Entry 1: $47,600 - $41,600
Entry 2: $33,900 - $27,000
Targets: $100,000 / $150,000 / $180,000
This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally.
Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice.
Stay alert and trade wisely.
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update
Weekly Chart Analysis:
Order Block (OB) 1: $42,000 - $38,000
First Fair Value Gap (FVG): $47,557
Order Block (OB) 2: $28,000 - $26,400
Second FVG: $33,802
Potential Scenarios:
We could see a fill of the first OB and FVG before a new upward rally.
Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000.
Spot Entry Levels:
Entry 1: $47,600 - $41,600
Entry 2: $33,900 - $27,000
Targets: $100,000 / $150,000 / $180,000
This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally.
Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice.
Stay alert and trade wisely.
GIPCL - Breakout Setup, Move is ON...#GIPCL trading above Resistance of 239
Next Resistance is at 313
Support is at 171
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Adani Ports - Long Setup, Move is ON...#ADANIPORTS trading above Resistance of 1472
Next Resistance is at 2257
Support is at 1060
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DIXON TECHNOLOGY channel break for next big moveNSE:DIXON seems ready for next big move as on weekly scale it has completed it's wedge pattern and already breakout happened for 40% now second entry comes now as it has now given breakout from channel (better visible on daily time frame).
Next, at least 40%, move is quite clear.
Note: Government ban over import of related goods could possible accelerate it.
Disclaimer: My ideas are not for recommendation purpose. Just sharing ideas with community.
The Phoenix Mills Limited - Breakout Setup, Move is ON...#PHOENIXLTD trading above Resistance of 3567
Next Resistance is at 4316
Support is at 3013
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Suzlon is ready to DOUBLE from here !Suzlon has created a double positive chart pattern
1. Flag Pattern - Breakout Done
2. Rounding Bottom - At Breakout area.
Flag pattern has a pole of 40 points which make the target of 94 - It has already broken out from the Flag pattern.
Rounding Bottom its almost there breakout is above 56. Once this is crossed it will start its journey towards 104 level.
Long term View!!
Will Nifty also join BankNifty for upward movement ?Nifty looks like will test 23200 level for once and then resume its upward movement towards 23800-24200-24800. Its lacking the momentum as of now.
Bank Nifty has given a strong breakout and we saw 2000 points rally as well!! above 51900 it will open doors for 54100.
Breakout in Cera Sanitaryware Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Investers happy to see my result on HAPPIEST MIND TECHNOLOGY Happy time came for long term holders of happiest minds technology those who show patience in that share time to take reward now
Technical points :-
1. STRONG double down rising channel ( sign of reversal )
2. FLAG pattern breakout after the double channel
3. H4 on stipple top breakout
4. Near supply zone
5 Trend line visible on H4 time frame
as my previous research of double channel breakout
TARGET
FIRST TRG - 1200
SECOND TRG - 1400
THIRD TRG - 1800
FINAL TRG - 3200 & 4000 and that target is REAL
i am expecting that share reached 4000 in next year
Inox Green Energy Services Ltd - Breakout Setup, Move is ON...#INOXGREEN trading above Resistance of 160
Next Resistance is at 245
Support is at 99
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
C.E. Info Systems Ltd (MAPMYINDIA) - Breakout Setup, Move is ON.#MAPMYINDIA trading above Resistance of 2494
Next Resistance is at 3427
Support is at 1717
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ISGEC Heavy Engineering Ltd - Breakout Setup, Move is ON...#ISGEC trading above Resistance of 1232
Next Resistance is at 1867
Support is at 840
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
National Fertilizers Limited (NFL) - Breakout Setup, Move is ON.#NFL trading above Resistance of 135
Next Resistance is at 210
Support is at 89
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.