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TCS // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 TCS (Tata Consultancy Services) on a 1-hour timeframe, Support Levels: ₹4,420 ₹4,400 ₹4,380 Resistance Levels: ₹4,460 ₹4,480 ₹4,500 Trend Analysis Current Trend: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the price action over the past hour or several hours. This can be determined by looking at the direction of the price movements and trendlines. Draw Trendlines: Connect recent highs or lows to visualize the trend. An upward trendline would connect higher lows, while a downward trendline would connect lower highs.
NSE:TCSLong
by SkyTradingZone
BAJFINANCE // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 BAJFINANCE (Bajaj Finance Ltd.) on a 4-hour timeframe Support Levels: Identify recent lows where the price has bounced back up. For example, if Bajaj Finance recently found support around ₹6,500, this level is important to watch for potential buying interest. Resistance Levels: Determine recent highs where the price has struggled to rise further. For instance, if the stock faced resistance around ₹7,000, this level is significant for potential selling pressure. Support Levels: ₹7,200 ₹7,150 ₹7,100 Resistance Levels: ₹7,300 ₹7,350 ₹7,400
NSE:BAJFINANCELong
by SkyTradingZone
ZOMATO // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 ZOMATO on a 1-hour timeframe Support Levels: Identify recent lows where the stock price has bounced back up. For example, if Zomato recently found support around ₹60, this level is crucial for potential buying interest. Resistance Levels: Determine recent highs where the stock price has faced difficulty in rising further. For instance, if the stock struggled to surpass ₹65, this would be a significant resistance level. Support Levels: ₹245 ₹240 ₹235 Resistance Levels: ₹255 ₹260 ₹265
NSE:ZOMATOLong
by SkyTradingZone
TATAPOWER // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 TATAPOWER on a 1-hour timeframe Support Levels: Look for recent lows where the stock price has bounced upward. For example, if Tata Power recently found support around ₹230, this would be a significant support level. Resistance Levels: Determine recent highs where the stock price has struggled to break through. For instance, if the stock has faced resistance around ₹250, this level is crucial. 2. Trend Analysis Determine Trend Direction: Analyze the general direction of the price movement over the past hour or several hours. Identify whether the stock is in an uptrend, downtrend, or moving sideways. Support Levels: ₹440 ₹435 ₹430 Resistance Levels: ₹450 ₹455 ₹460
NSE:TATAPOWER
by SkyTradingZone
ZAGGLE: Bullish Cup and Handle Breakout with Strong Volume SurgeTechnical Analysis of NSE:ZAGGLE Cup and Handle Pattern: Zaggle Prepaid Ocean Ltd. has successfully formed and broken out from a classic cup and handle pattern, a bullish continuation pattern indicating strong upward momentum. The cup portion spans several months, showcasing a rounded bottom, which is a signal of consolidation and accumulation by buyers. Following this, the handle displayed a brief consolidation before the breakout occurred, confirming the pattern. Breakout Confirmation: The breakout above the resistance level of ₹389.65, marked by a sharp increase in volume, signifies renewed buying pressure and strong market sentiment. The 66.78% price gain since the bottom of the cup formation further confirms the strength of the breakout. Volume Surge: The most notable aspect of this breakout is the substantial volume spike during the breakout, which is crucial in validating the pattern. The increased volume suggests institutional buying interest and supports the notion of sustained bullish momentum. Trend Continuation: After the breakout, the price action suggests that the stock is in a well-established uptrend. The recent news regarding the company's deal with HDFC ERGO has added positive sentiment, further fueling the stock's rally. Key Levels: Breakout Level: ₹389.65 Current Price: ₹409.35 Cup Depth: ₹156.21 (66.78% gain from the bottom) Market Capitalization :INR 4,505.81 Cr Trading Insight: The cup and handle breakout pattern is one of the strongest bullish indicators, especially when supported by high volume. Traders should consider potential pullbacks as buying opportunities if the stock consolidates before continuing its upward trajectory. Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making investment decisions.
NSE:ZAGGLELong
by rajsharmatt
4
Deepak Nitrite Ltd - Breaking out of a 3-year consolidationDeepak Nitrite Ltd, part of the specialty chemical sector, has surged 30% in the last 3 months, breaking out of a 3-year consolidation. The stock is trading above a crucial support level, and experts suggest short-to-medium-term traders buy on dips for a target above ₹3,400 in the next 1-2 months. After hitting a 52-week high of ₹3,168 on August 1, 2024, it retraced but found support at the 50-DMA and bounced back. The stock breached the key ₹2,700 resistance in July and has since held above it, closing at ₹2,941 on September 9, 2024. Traders can view any dip towards ₹2,700 as a buying opportunity. Technically, it's trading below the 5-DMA but above the 10, 20, 30, 50, 100, and 200-DMAs. The RSI is at 53.2, indicating neutral momentum, while the MACD shows a bullish trend. #deepaknitrite #StockMarket #Semiconductor #LarsenAndToubro #Tech #StockMarket #investingtips #StockDiscussion #stockstofocus #StocksToBuy #StocksToWatch #banknifty #Nifty #Finance #SwingTrading #BreakoutStock
NSE:DEEPAKNTRLong
by AvayaFintech
Asian Paints - Consolidating beautifully !!!Asian Paints is a large cap stocks and a market leader in paint industry. It has been consolidating beautifully, and we can see it moving towards ATH. Other factors: 1. RSI is improving 2. Steady volumes showing consolidating in a range 3. High delivery ratio from quite some-time 4. TTM topline and profitability is second best as compared to prior years 5. DIIs have increased stake "Cleaneasycharts" Learning & Earning!!! Cheers!!!
NSE:ASIANPAINTLong
by Cleaneasycharts
Nifty Trade Opportunity: Preparing for a Powerful Impulsive MoveAfter forming a continuous bullish sequence, Nifty started a 3-wave corrective move from its high of 25,333.65. It completed the first leg of the correction, wave (W) blue, at the low of 24,753.15. Then, Nifty made a pullback bounce, reaching 25,130.5 for the second wave, (X) blue. Now, we are in the making of the third wave, (Y) blue, which is expected to complete around the 24,554.65 - 24,205.40 range. This presents an exciting opportunity to position our trades. After this correction, we anticipate a strong impulsive move as part of wave ((iv)) black. Why are we confident about the next up move ? The high of 25,333.65 from 24,099.70 was part of wave ((iii)) black. Following the 3-wave corrective structure, the next move will likely be wave ((v)) black, which historically offers significant upside potential. We are expecting a 1,000-point move from our planned entry level with a 350-point stop loss, which provides an excellent risk-reward ratio. The clear structure of this Elliott Wave setup gives us a high probability of success. Now, all that's left is to fasten your seatbelt and wait for our entry level to be triggered. Once the setup confirms, be ready to hit the Buy button! Disclaimer: We are not SEBI-registered advisors. This content is for educational purposes only. Before trading, you should assess your risk tolerance and consult a qualified financial advisor. It’s important to note that less than 3% of traders make consistent profits in the stock market. Make sure you have the discipline, knowledge, and strategy to place yourself among this elite group of traders. Happy Trading! 🤘🏾🙏🏽
NSE:NIFTYLong
by profitadda
1
SENSEX // Levels // 15 min"Welcome to SkyTradingZone " Hello Everyone 👋 Current Price: 81,183.93 Day’s Range: 80,981.93 - 82,254.791. Key Support and Resistance Levels: Support Levels: 81,000, 80,900, 80,700 Resistance Levels: 81,200, 81,450, 81,700 As of September 11, 2024, the BSE Sensex levels are: 5 DMA: Bullish at 81,843.71 10 DMA: Bearish at 82,061.98 20 DMA: Bullish at 81,340.03 50 DMA: Bullish at 80,693.01 100 DMA: Bullish at 77,852.18 200 DMA: Bullish at 74,791.88
BSE:SENSEX
by SkyTradingZone
CNXIT // levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Support Levels Definition: A support level is a price point where a downtrend is expected to pause due to a concentration of demand. It represents a level where buyers tend to enter the market, which prevents the price from falling further. Identifying Support: Support levels can be identified by looking at past price movements. If the price has bounced off a certain level multiple times, that level may be considered support. Trading Strategy: Traders often look for buying opportunities around support levels, anticipating that the price will rise again after hitting this level. Resistance Levels Definition: A resistance level is a price point where an uptrend is expected to pause due to a concentration of supply. It represents a level where sellers tend to enter the market, which prevents the price from rising further. Identifying Resistance: Resistance levels are identified similarly to support levels. If the price has hit a certain level multiple times and failed to break through, that level is considered resistance. Trading Strategy: Traders often look for selling opportunities around resistance levels, anticipating that the price will drop after reaching this point.
NSE:CNXITLong
by SkyTradingZone
TCS // levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Employee categories TCS hires freshers for three categories: Ninja, Digital, and Prime. The Ninja category offers a package of Rs 3.36 lakh per annum, while the Digital and Prime categories offer Rs 7 lakh and Rs 9-11.5 lakh per annum, respectively. Current Price: 3,520.75 INR Day’s Range: 3,510.00 - 3,540.00 INR. Key Support and Resistance Levels: Support Levels: 3,500, 3,480, 3,460 Resistance Levels: 3,540, 3,560, 3,580
NSE:TCSLong
by SkyTradingZone
TATAMOTORS Ending diagonal.. trend is getting matured..Tata motors in impulse 5th wave up .. high made 1179 (min target of 5th wave done) It seems its making ending diagonal pattern in form of 3-3-3-3-3... waves and if it is doing diagonal pattern than chances are there for 3rd wave of 5th up in 3 waves and one more new high possible. important support is 4th wave low 855 breaking of which will end the impulse trend and down trend will start in tata motors. Disclaimer : study is only for educational and I am not SEBI registered.
NSE:TATAMOTORS
by MDstockmagic
ARVIND - Bouncing From Parallel Channel SupportARVIND has been trading in parallel channel since may 2024 and now it has formed morning star pattern at the support of parallel channel. We can expect an upside move from here and if volume support the upside price then we can also expect the breakout of the range. As per the current setup, we can expect 420, 435 and 450 levels in few days. Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:ARVINDLong
by Profit_Trader25
DIVISLAB - Rounding Bottom BreakoutDIVISLAB has given a good breakout of rounding bottom pattern on weekly chart. The breakout candle on daily chart looks very bullish as it is supported by massive one day trading volume. We can expect 30 to 50% return in 4 to 6 months. In this case the target will be depth of rounding bottom pattern which means we can expect ₹8000 levels in few months. 🔊 DIVISLAB - Rounding Bottom Breakout ⌛Duration - Short Term (4 month to 6 month) 📊📈 Trade Logic - Rounding Bottom Breakout CMP - ₹5426 Time Frame - Weekly 🎯Target 1 : ₹6300 🎯Target 2 : ₹7100 🎯Target 3 : ₹8025 🛑 Stop : ₹4375 🏆 Risk/Reward Ratio (1: 2.4) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:DIVISLABLong
by Profit_Trader25
DABUR - Head & Shoulder BreakoutDabur India has given a Head & Shoulder Breakout on daily chart with good volume. Current price is ₹665.25. The stock is trading at ATH level so we can expect a good upside move. We can expect ₹710 in few weeks. Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:DABURLong
by Profit_Trader25