Chart Patterns
BLS International - Cup & Handle Breakout (2 Cup & Handles)BLS International is giving a All Time High Breakout and Cup & Handle Breakout. We can see price moving towards 555 and 720. Other factors:
1. Highest Top-line; Profit and EPS
2. Sky is the limit for growth
3. One of the top 5 companies in this sector
4. Moving from 3rd party processing center to self owned centers - adding to more profitability
5. CUP & Handle in both Weekly & Daily time frame
6. Steady volumes
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BANK NIFTY INTRADAY LEVELS FOR 09/12/2024BUY ABOVE - 53670
SL - 533690
TARGETS - 53890,54150,54400
SELL BELOW - 53390
SL - 53670
TARGETS - 53190,52970,52800
NO TRADE ZONE - 53390 to 53670
Previous Day High - 53890
Previous Day Low - 53190
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 09/12/2024BUY ABOVE - 24760
SL - 24650
TARGETS - 24860,24950,25020
SELL BELOW - 24650
SL - 24760
TARGETS - 24570,24500,24420
NO TRADE ZONE - 24650 to 24760
Previous Day High - 24860
Previous Day Low - 24650
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Bajaj Auto Swing Idea (Long)Bajaj Auto is showing a reversal to upside due to following reason:
1)3 attempt for reversal this the 4th attempt for
reversal, might break the doji swing high
2) Parallel channel formation/ wedge pattern
3) Doji candle formation indication of reversal.
(Note: Author not 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.)
Comfort Intech cmp 15.05 by Weekly Chart viewConsider apt risk reward management and stop loss working for the penny stock
*Comfort Intech cmp 15.05 by Weekly Chart view*
- Support Zone at 11 to 11.75 Price Band
- Resistance Zone at 15.50 to 17.00 Price Band
- Volumes had spiked very heavily over last week
- Price is trending along the Rising Support Trendline
- Weekly basis Support at 11 > 8 > 6 with Resistance at 18.50 > ATH 21.21
Triangle formation & EMA 200 in Heritage FoodNSE:HERITGFOOD
Triangle breakout is about to be formed with EMA 200 crossing over.
A confirmed breakout requires being above 520 and sustaining it. The target is the next big resistance, which is 645. Keep the SL at 475 or swing low.
For lower risk, keep looking for big positive volume, with EMA 200 and 50 below the candles.
NMDC Swing idea (Long)NMDC can give breakout due to following technical reason:
1) Breaking a range after 2+ month consolidation
2) Double bottom pattern(or W pattern) formation in daily & weekly chart
3) Trading above 20, 50 EMA on daily & weekly
4) Swing low are not broken, range is slowly shifting higher side
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NIFTY Intraday Trade Setup For 9 Dec 2024NIFTY Intraday Trade Setup For 9 Dec 2024
Bullish-Above 24860
Invalid-Below 24810
T- 25150
Bearish-Below 24490
Invalid-Above 24540
T- 24250
NIFTY has closed on a bullish note with 2.27% gain last week. It has changed price structure to bullish above 24400. Now it is likely to be a buy on dip market till it trades above 50 EMA in daily TF. Next hourly resistance is placed near 25250 above that post rejection it may hit ATH again. 24860 and 24490 is the range to wait for breakout for a directional move.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25150.
For selling we need a 15 Min candle close below 24490. T- 24250.
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.
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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.
flag pattern breakout Pitti Engineering has broke the flag pattern. This trade is little risky because the candle next to breakout candle has shown resistance to bulls and also the volume is very high but since it is Doji candle there is indecisiveness. To swing high in this trade entry could be made tomorrow or we can wait for this week's closing. Breakout candle has good volume.
Nifty Trading Levels for 09th December 2024Nifty Trading Levels
Buy Setup
Entry: If the 15-minute candle closes above 24,730, place a buy order above the high of the candle.
Targets:
24,850
24,950
25,030
Stop Loss: Below the low of the breakout candle.
Sell Setup
Entry: If the 15-minute candle closes below 24,570, place a sell order below the low of the candle.
Target: 24,268
Stop Loss: Above the high of the breakdown candle.
Disclaimer
The above levels are shared for educational purposes only and should not be considered as financial advice.
I am not a SEBI-registered analyst. Please consult a certified financial advisor or conduct your own analysis before making any trading decisions.
Trading in the stock market involves risk; trade responsibly.
Breakout in Shivalik Rasayan Ltd...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.
Breakout in DMCC Speciality Chemicals Ltd...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.