HDFC BANK next move as per PriceActionOn Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.
Chart Patterns
Bank Nifty: Head & Shoulder Pattern.Bank Nifty: Head & Shoulder Pattern.
Index nicely shaped as Bear Flag (2 week long).
Potential Head & Shoulder pattern (Top) is also shaping up.
Levels mentioned on chart & Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’, trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Falling Wedge Breakout With Good VolumesNSE:DEEPAKFERT today broke a Major Falling Wedge Pattern from a Crucial Previous Support Zone with a Good Amount of Volumes.
Trade Plan:
Entry: If it closes above Swing High or Retest the Support.
Stop Loss: Entry Candle Low.
No Trade: if goes Below 942 (Support Levels)
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
#FSL BO in DTF with Volume 📊 Script: FSL
Key highlights: 💡⚡
📈 Cup & Handel BreakOut in Weekly chart.
📈 Price gave a good up move and consolidated in Daily chart.
📈 Volume spike on BreakOut
📈 MACD Bounce
📈 One can go for Swing Trade.
BUY ONLY ABOVE 360 DCB
⏱️ C.M.P 📑💰- 350
🟢 Target 🎯🏆 – 28%
⚠️ Stoploss ☠️🚫 – 14%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Deepak Fertilizers cmp 1118.75 by Weekly Chart views*Deepak Fertilizers cmp 1118.75 by Weekly Chart views*
- Support Zone 940 to 955 Price Band
- Resistance Zone at 1115 to 1135 Price Band
- Volumes are needed for fresh upside for a New Lifetime High
- Weekly basis Support at 1005 > 885 > 780 with Resistance only at ATH 1163.85
- *Close to 2 year's long Bullish Rounding Bottom followed by a Price Breakout well above earlier Resistance Zone now acting as the Support Zone*
BTC | GOLD | PRICE ACTION ANALYSIS | 24 OCT | HINDIThanks for watching today's Forex and crypto market analysis!
In this video, I break down the latest price action movements for major Forex pairs, Bitcoin (BTC), and Gold. I focus purely on price action to help identify key levels and potential trade opportunities. If you enjoyed the content, please like, subscribe, and hit the notification bell for daily updates on the markets.
gold silver looks sharp profit booking analysisdear all as per report last gvn 2760 almost done where our buy full end--- now if any rise will take only sell entry with tight sl -- always remember blw 2760 no buy at all now---- if any sustainabv 2760 thna let seee nxt lvl otherwise our buy wave end-
mcx silver stya blw 99200 looks dwn fall till 98524--97600+++ in spot 34.30 stya blw dwn fall looks;
Firstsource Solutions Limited up side breakout on daily chartFirstsource Solutions Limited Result on 28 October watch till result
price near 330 is good for entry in this stock with strict SL
up side move possible
price looking good moving up from 20 ema
going in continution
keep eyes on this stock
Disclaimer: This is Not a Buy or Sell Call
The information provided herein is for informational purposes only and should not be construed as financial advice, a recommendation, or an offer to buy or sell any financial instrument. It is important to conduct your own research and consult with a licensed financial advisor before making any investment decisions. The content provided does not take into account your personal financial situation, risk tolerance, or investment goals. The author or entity providing this information is not responsible for any investment decisions you may make based on this content.
NIFTY Intraday Trade Setup For 24 Oct 2024NIFTY Intraday Trade Setup For 24 Oct 2024
Bullish-Above 24610
Invalid-Below 24560
T- 24885
Bearish-Below 24370
Invalid-Above 24410
T- 24097
NIFTY has closed almost on flat note with minor cut of 0.15% today. On Oct 17 it was discussed that we are approaching 23700 zone in the coming days. It is going in flow positionally. On a flat opening tomorrow below 24370 index will dive once again towards 24100 zone. Overall keep sell on rise approach.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24610 then we will long for the target of 24885.
For selling we need a 15 Min candle close below 24370. T- 24097.
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.
24 Oct 2024 - NIFTY Predictions (Next Trading day & WEEKEXPIRY)1. Index Chart and Time Frames
Index: Nifty 50
Date: October 23, 2024
Time Frames:
Weekly (1W)
Daily (1D)
Monthly (1M)
5-Minute (5)
2. Support and Resistance Levels
Support Levels:
Daily: 24,378.10 (recent low)
Weekly: 24,435.50 (current closing)
Resistance Levels:
Daily: 24,604.25 (recent high)
Weekly: 25,000.00 (psychological level)
3. Market Scenario for Next Trading Day
Expected Opening Likely gap down due to recent bearish sentiment
Market Sentiment Bearish to range-bound
Timing Initial bearish, potential range-bound later
4. Options Strategies and Strikes
Recommended Strikes:
Bearish Strategy: Buy Put options at 24,400 strike.
Range-bound Strategy: Consider selling Call options at 24,600 and buying Put options at 24,400 for a strangle.
5a. Calendar Spread Strategy
Strikes for Calendar Spread:
Daily: Sell 24,600 Call, Buy 24,700 Call
Weekly: Sell 24,500 Put, Buy 24,600 Put
Monthly: Sell 24,400 Put, Buy 24,500 Put
5b. Daily, Weekly, and Monthly Trends
Daily Bearish Support : 24,378.10
Weekly Bearish Resistance : 25,000.00
Monthly Bullish (but recent pullback) Support: 24,000.00
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Early session
ITM Trade Mid-session
OTM Better Not to Trade All day
Summary
The market is expected to open with a gap down and may remain bearish initially. Focus on bearish strategies with specific strikes for options trading. Monitor support and resistance levels closely for potential adjustments in strategy.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
Metropolis Healthcare - Technical analysis Metropolis Healthcare Ltd. (MHCL): A Technical Analysis
Background:
Metropolis Healthcare Ltd. is a leading provider of diagnostic services in India. It offers a comprehensive range of laboratory tests and imaging services, catering to both individuals and healthcare institutions.
Technical Analysis:
Key Observations from the Chart:
* Long-term Upward Trend: The stock has been in a long-term uptrend since 2020, with consistent higher highs and higher lows.
* Recent Consolidation: The stock has been consolidating in a range between 1800 and 2300 for the past few months.
* EMA Crossover: The 10-day EMA has crossed below the 50-day EMA, signaling a potential bearish trend.
* RSI (Relative Strength Index): The RSI is currently below 50, indicating bearish momentum.
* MACD (Moving Average Convergence Divergence): The MACD line has crossed below the signal line, confirming a bearish crossover.
* Bollinger Bands: The stock price is trading near the lower band of the Bollinger Bands, suggesting oversold conditions.
Potential Future Movement:
Given the current technical indicators, the stock is likely to continue its consolidation phase in the short term. However, the long-term uptrend remains intact. A breakdown below the 1850 support level could trigger a further downside move. On the other hand, a breakout above the 2600 resistance level could signal a resumption of the uptrend.
Support and Resistance Levels:
* Support: 1850
* Resistance: 2600
Trading Strategy:
Entry:
* Buy: Wait for a breakout above the 2600 resistance level with a stop-loss below the 1850 support level.
* Sell: A breakdown below the 1850 support level could be a good opportunity to initiate a short position with a stop-loss above the 2600 resistance level.
Exit:
* Profit Target: For a long position, target the next resistance level, which could be around 2600. For a short position, target the next support level, which could be around 1700.
* Stop-Loss: A stop-loss order should be placed to limit potential losses.
Disclaimer: This analysis is based on technical indicators and past price movements. It is not a recommendation to buy or sell the stock. It is important to conduct your own research or consult with a financial advisor before making any investment decisions.
Additional Considerations:
* Fundamental Analysis: It is crucial to consider the company's fundamentals, such as its financial performance, growth prospects, and competitive landscape.
* Risk Management: Always practice proper risk management by diversifying your portfolio and using stop-loss orders.
* Market Sentiment: Keep an eye on market sentiment and news related to the company and the broader market.
Please note that this analysis is for informational purposes only and should not be taken as financial advice.
Nifty 50 correction – where does it probably end?Oct 23, 2024
After hitting a high of 26,277, Nifty began spiraling down.
On the weekly chart, it appears like Nifty has completed Waves 1, 2, and 3.
It is now in correction in the form of Wave 4.
In Wave 2, Nifty corrected by around 17.5%. Common Fibonacci retracements for Wave 4 would target: 23.6% of Wave 3 or 38.2% of Wave 3, which is the maximum.
Do you think this is possible? Share your thoughts with us through comments.
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.
Bitcoin Bybit chart analysis October 21Hello
It's a Bitcoinguide.
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You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
Nasdaq is in a stronger downtrend than expected.
I was a little nervous while analyzing.
Bit is currently in the 1+4 section (a meaningful support line)
Tether Dominance is in a short-term uptrend
It was a place where I had a lot of concerns.
Nasdaq currently looks like it is either in a crash or a downward sideways movement.
Bit is a place where I am concerned about the 12-hour chart MACD dead cross
It seems that it will be applied importantly depending on the movement today.
Overall, I proceeded as safely as possible.
*When the blue finger moves,
Bidirectional neutral
Long->Short switching strategy
1. When the purple finger reaches $68,706.5 at the top
Start with a short position / Stop loss when the orange resistance line breaks through
2. Switch to a long position at $67,792.5 -> Check the lower tail of the long position until $67,512 in the first section / Stop loss when the blue support line breaks
3. Switch to a short position at $69,069 / Stop loss at the orange resistance line or proceed autonomously
As I roughly explained above,
In the case of an immediate decline from the current position and a downward wave after a downward wave, the position may change.
*Whether it is a purple finger short->long switching
or a long wait in the blue finger, section 1
You should carefully check the real-time movement.
It is a sideways market up to the orange resistance line / sky blue support line,
but if the orange resistance line is not broken today,
the 12-hour chart MACD dead cross pressure may be connected after tomorrow.
Depending on the movement of Nasdaq today,
if the sky blue support line is damaged or falls downward,
please pay attention to the Bottom -> 2 section at the bottom.
Up to this point, please use my analysis as a reference only,
and I hope you operate safely with the principle of loss cut price.
Thank you.