SKF INDIA Buy SKF India looking good for buy as Swing Trade
Weekly TF showing its support level and swing showing stop Loss
Candlestick Analysis
EKC | Looks good for 50-70% EKC | Looks good for 50-70%
CNG cylinder, industry cylinder manufacturer company.
Technical + Fundamental both are extremely good
BANKNIFTY at MAKE or BREAK zone!! The Bank Nifty showed impressive resilience today, staging a strong recovery from key demand zones as anticipated. Closing around the crucial 51,000 level, which serves as both a psychological barrier and a former demand zone turned supply zone, sets the stage for an interesting session ahead.
If the Bank Nifty opens flat tomorrow, the 51,000-51,100 range is likely to act as significant resistance. Traders should watch this zone carefully for potential reversal signals or breakout attempts.
However, the BJP's victory in Haryana's state elections has injected fresh optimism into the markets [. This positive sentiment, coupled with a strong opening, could potentially fuel another uptrend in the Bank Nifty. The PSU banking stocks, in particular, may see continued momentum on the back of this political outcome.
Investors should remain vigilant, as the interplay between technical levels and political developments could lead to increased volatility. Keep an eye on key support levels around 50,500 and resistance at 51,500 for potential trading opportunities.
Stock Analysis: JK Paper Ltd (Weekly Time Frame)Breakout with Retest:
1) All-Time High Breakout: JK Paper has recently broken out of its all-time high with significant volume on the weekly chart, suggesting strong bullish momentum.
2) Retest of Breakout Level: After the breakout, the stock came back to retest the previous high, which is a classic technical move. The retest was successful, and the stock has reversed from this level.
3) Marubozu Candle: A strong Marubozu candle has formed on the weekly time frame, confirming the reversal with good volume. This type of candle typically indicates strong buying pressure with no hesitation from sellers.
This setup suggests that JK Paper might continue its bullish momentum after the successful retest. Keep an eye on the stock's movement for a potential entry point.
Tata Motors Swing Idea (Long)Tata motors has been consolidating in range for last two weeks. Expecting a breakout next week due t following technical reason:
1) Swing Low range are shifting upward
2) Inside bar candlestick pattern on weekly
3)Trading above 20 & 50 EMA On HOURLY chart
4) Break away gaps are pending to be covered
5) Bullish Spinning bottom candlestick on weekly chart
(Note: I am neither responsible for anyone's profit or loss nor I am a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
TBZ | Stable jewellery business with low marginTBZ | Stable jewellery business with low margin & not so weak fundamental,
Technically looks good for doubling
CMP : 126
GODREJAGRO | Strong breakout and retesting the level GODREJAGRO | Strong breakout and retesting the level - Looks good for investment based on this monthly time frame
CMP : 738 (Dip : 680)
SL : 600
Target : 1200-1300
GNFC | Simple channel breakout - Looks good for 25-30%GNFC | Simple channel breakout - Looks good for 25-30% short term trading
CMP : 699
SL : 630
Target : 900
Almost 1:3 risk reward setup
COCHINSHIP Target 2000COCHINSHIP has given good reversal. Short term target 2000 in 1 Week. Today's trading session ended in upper circuit, shows heavy buying interest
GoDigit Breakout Target 370GoDigit has given a breakout. Short term target 370 in 1 Week. Today's trading session shows heavy buying interest.
NIFTY 30min GOING DOWN1. Pin Bar at resistance area.
2. EMA 50 shows clear down.
3. Next support area at below point.
Banknifty analysis for weekly expiry 01/10/2024.Banknifty weekly expiry can be seen taking market towards another round number figure of 52500 levels.
There was a good bearish movement on the daily charts, market closed 850 points lower. Chance of a follow through can be seen as both the index are moving in tandem.
Watch banknifty breaching 52780 levels as there will be double support break down.
Major levels to look for tomorrow :- 53060, 52780, 52625
Wait for the price action near the levels before entering the markets.
FINNIFTY WEEKLY ANALYSISLooks like two legs sideways to down might be seen in FINNIFTY. The tight bull channel, breakout of the trend channel line should set up a reversal, Since it is a tight channel, in a strong bull trend, any reversal should result in side ways movement, rather than a bear trend. The reasons for the bars to move higher or lower are mentioned in the chart
SUMICHEM - Taking support at weekly zone, identified on DailySUMICHEM - Taking support at weekly zone, identified on Daily on 29-09-2024
Stock has given an explosive candle earlier showing good break above weekly supply zone. Now came down to retest the same zone so it can be a good opportunity to add with minimum margin of safety.
Important levels and SL mentioned on the chart
Larsen & Turbo Sept Monthly Expiry Expecting some momentum due to September month expiry closing in larsen & tourbo due to following reason
1) Long wicks currently indicating sellers are in control
2) Shooting star candlestick
3) Inside bar Candlestick pattern (Whichever side it breaks this
will be directional)
4) Since monthly expiry expecting some momentum
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
BTCUSD SWING TRADEOverview: Expecting strong selling pressure in Bitcoin, targeting key support levels.
Entry Point: Initiate a short position at the current market price.
Targets:
First target at $64,289
Second target at $62,706
Stop Loss: Set above recent highs to manage risk effectively.
Rationale: Anticipating downward momentum based on market indicators and potential resistance at higher levels.
Rounding Bottom Breakout Possible with Heavy Vol.NSE:HDFCLIFE Making a Good Rounding Bottom, Breakout Possible on Hourly Time Frame Keep a Check.
HCL TECH Bullish Now!1. 50 EMA shows clear uptrend direction.
2. A nice pin bar formed at strong support area.
3. Resistance area near at 1810.
4. Let's see what happens at end.
AXISBANK LONG WALK FOR BETTER MOVE1. A Nice Pinbar formed at strong support area.
2. 50 EMA shows clear uptrend direction.
3. It will definitely reach 1300 round number area.
4. Will update result once it reaches their destination.
SMT between NIFTY and IT?Have been back-testing indulging in ICT/SMC concepts and have been noticing bearish SMTs/divergences being formed between BANK, IT and NIFTY (higher highs and lower lows) every time NIFTY proceeds to correct heavily.
Seeing how IT dumped relative to NIFTY's run today, I was hoping to find something like this.
Could be context to an incoming correction.
-GSS
Morningstar with exaggerated rsi bullish divergenceIncrease in volumes
Morning star
possible range breakout
exaggerated rsi bullish divergence
overall uptrend
