ATH_GLENMARK_Hi Traders,
Happy to share this post since Tracking it from last couple of months and today it closed above Previous levels with Strong Bullish pinbar at 20 EMA support in uptrend.
Pros:-Bullish Pinbar in uptrend which is taking 20 EMA as support.
:- Energy is being stored from last couple of months to explode.
:- Pharma Sector Is positive with recent Results In Indian markets.
:-Go long Oct-2024 Futures.
Cons:-NA.
Happy trading!!Only for Educational purpose.
Candlestick Analysis
Long_Nifty50_Bullish hammerCurrently Nifty 50 trading @ INR 24541.15.
Go long in Nifty50 options with Near Strike.
Pros:- Market took @ 24k from past 2 weeks.
:- Bullish Hammer candle @ Support from last two weeks.
:- Global market is positive.
:- Options premium is cheap as we are heading to Month end expiry.
Cons:-NA.
Happy trading!!Only for educational purpose.
Gebriel - Bullish viewReasons for buying:
1. Multiple breakouts in 1 day chart.
2. Recent breakout with good volumes and retest in 15 mins chart.
I have entered the trade as per marked levels.
All my trades are strictly for educational purpose. I am not responsible for your profit or loss. Do your own analysis before entering in to any trade.
47900 coming if the structure breaks below As we can see BANKNIFTY has closed around important support which has been tested before making it weaker hence if any flat to strong opening followed by bearishness can result in breakdown of the structure which could lead to 4800-47900 unidirectional rally so plan your trades accordingly.
Banknifty weekly expiry analysis for 14/08/2024.Banknifty has closed below the 50k mark and is looking bearish on the daily charts.
It is trading around the 100 ema on daily time frame, which shows some bearishness in the markets. If the market starts trading below today's low, there are chances of it testing the recent low around 49650.
MA strategy and the price action both are signifying some bearish movement in the market.
Hourly charts are trading below the moving averages. A bearish market will be confirmed if the market starts breaching the support levels, after a flat or slight gap up opneing.
If there is a follow through candle in the market, there are chance of testing 49k levels soon.
Major support levels :- 49670, 49400
Resistance levels :- 50000, 50250
Tomorrow is expiry and vix is around 16 which is good for option buyers
Wait for the price action near the levels before entering the trade.
Coming back in structure! Following the global cues we can expect INDIAN market to take a hit making it coming back in structure unless Indian retailers opt to take revenge on western short sellers leading to short squeeze. As of now we can still expect NIFTY to remain bearish till it sustains above the previous trading day high. It’s better to avoid days with immense volatility unless important zones breaks so plan your trades accordingly.
NIFTY is still under pressure!! As we can see NIFTY had been sideways to negative as we had analysed. Now following the global cues, we can expect NIFTY to open strong but we can see a strong resistance hovering above NIFTY which can still put NIFTY under pressure hence as long as NIFTY is below the supply zone every rise can be sold till it sustains above the zone for another ATH so plan your trades accordingly.
PARACABLES Trendline breakoutPARACABLES (CMP 85) is breaking out of trendline on weekly chart,
Pretty decent volume in last couple of weeks..
RSI moved above 55, DMI are expanding on weekly chart with PDMI moving above 25.
If it is closes above 87 by weekly closing tomorrow then looking good to go long with support below 69 DCB...
P.S. I am not SEBI registered analyst, This post is for educational purpose only..
DYOR or consult your financial advisor before taking any action on this post...
HIMATSIEDE -TRENDLINE BREAKOUTHIMATSIEDE (CMP 150) is breaking out of trendline on weekly chart,
Pretty decent volume in last couple of weeks..
RSI moved above 55, DMI crossover happened recently on weekly chart.
Looking good to go long if it closes above CMP by weekly closing tomorrow with support below 125 DCB...
P.S. I am not SEBI registered analyst, This post is for educational purpose only..
DYOR or consult your financial advisor before taking any action on this post...
HFCL : Breakout Stock#hfcl #swingtrade #vcppattern #threewhitesoldier #trendingstock #Fairvaluegap
HFCL : Breakout Stock
>> Vcp pattern visible
>> Higher Low formation seen
>> Demand ⬆️ Supply 🔻
>> Good Strength & Volume buildup
>> Bounced back from FVG area
>> Moving Average Trending setup
I m expecting a minimum 20% move in a short span of time.
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Positional or Longterm Opportunity in Balaji AminesGo Long @ 2448.1 for Targets of 2686.05, 3160.5, and 3551 with SL 2284.45
Reasons to go Long :
1. On weekly timeframe stock gave Trendline breakout (marked with red color).
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.618 Fibonacci level.
3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.618 Fibonacci level.
BIG FALL coming up if NIFTY opens FLAT/NEGATIVE!!As we had been witnessing since last year that every minor dip was bought and recovered almost very fast but it’s been first time after the strong rally NIFTY isn’t showing any signs of rejection at its support making it weak. Hence any weak to flat opening could lead NIFTY to fall for another 1000++ points in coming trading sessions but if opens strong then we may see another sideways to gap filling market so plan your trades accordingly.
Some SERIOUS CORRECTION coming up…?As we can see BANKNIFTY had been in strong uptrend ever since without any serious correction. Further we can see BANKNIFTY taking support at trendline at every minor corrections which stands around 48000 levels hence we can expect 48000 anytime sooner in BANKNIFTY but if BANKNIFTY fails to take support at 48000 levels then we may see a panic in market taking BANKNIFTY to touch 45000 levels so plan your trades accordingly.
FinNifty analysis for weekly expiry 06/08/2024.Finnifty on the daily chart has given a nice fall of 600 points after a gap down opening.
The index has taken support from 38.2% levels and retested the previous support zone (now acting as resistance zone during the closing hour).
If there is a gap down opening below today's low, wait for market to recover and tilt again for the entry.
In case of a gap up opening, chance of a sideways/ halt markets are more and option premiums may decay.
Option premiums are high as the vix has climbed upto 20 levels gaining 42%.
The market are looking bearish and if it wait to recover it has to create a base or take a halt before recover. Sell on rise is the market for now.
Major support levels :- 23630, 23540, 23430
Resistance :- 23835, 23000
Wait for the price action near the levels before entering the markets.
Longterm Opportunity on Blue DartGo Long @ 6195.1.1 for Targets of 7060, 7550, and 8040 with SL 5700
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.5 Fibonacci level.
3. Also there is a strong demand zone (marked with green color), from which the stock is taking support and moving up.
4. Also on a weekly timeframe stock has formed a double bottom (W) pattern.
Positional or Longterm Opportunity in SRFGo Long @ 2317.05 for Targets of 2456.45, 2595.85, and 2735.25 with SL 2177.65
Reasons to go Long :
1. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the the Trendline.
2. Also, the stock is taking support from the Trendline (marked with green color).
3. In addition to this there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.