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Nifty Intraday Analysis for 23rd September 2024NSE:NIFTY
Index closed near 25790 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 63.78 Lakh
25800 Strike – 55.14 Lakh
25700 Strike – 50.90 Lakh
Put Writing
25500 Strike – 76.37 Lakh
25700 Strike – 55.95 Lakh
25600 Strike – 47.80 Lakh
Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range.
Index has immediate support near 25500 – 25400 range and if 25350 support is broken then index may tank near 25100 – 25000 range.
Titagarh Wagons - Train not to be missed!!Titagarh Wagons is looking strong and we can expect a 45% rise in price from current levels. Other factors:
1. Hammer candle at the right level on weekly time frame signifies trend reversal, buying at right levels.
2. Volumes were higher when stock was moving up, however, it were on a lower side when stock corrected - signifying strong stock.
3. FIIs & DIIs have increased stake
4. Wagon industry provides 55000 crores opportunity and Titagarh Wagons as a market leader along with its JV partners (BHEL, ABB, Firema Italy, etc.) is the right candidate to reap benefits.
Keep following @cleaneasycharts as we provide Right Stock at Right Time at Right Price!!
Cheers!!!
Everest Kanto Cylinder Ltd#,EKC
CMP ₹.200.36
An Indian company with a strong international presence , specialized in the manufacturing of high pressure cylinders to industrial, automobile and medical fields.In long run company have a good growth perspective especially due to the global pushtowards clean energy solutions like CNG & hydrogen. Technically company is showing a positive momentum.Also tending to complete a round bottom pattern with completion of another 2 same patterns inside the parent one. Nearly 50% growth can be expected in a 6 months time if the expected round bottom pattern fulfills.
Support @ ₹.150 levels.
Disclaimer : Post only for educational purpose. This is not a buying/ selling recommendation. Iam not a SEBI registered analyst .Do your own analysis and act accordingly.
DMART - VCP Pattern Breakout On Weekly ChartDMART - VCP Pattern Breakout On Weekly Chart
The stock has formed a Volatility Contraction Pattern (VCP), indicating a potential bullish move.
A breakout above the resistance level has occurred, signaling further upside potential.
Volume - A noticeable increase in volume supports the breakout, which is a positive sign for continuation of the upward trend.
Entry, Targets, and Stop-Loss:
Entry:
Ideal entry point is above ₹5,350, to confirm the breakout.
Targets:
First Target (T1): ₹5,900
Second Target (T2): ₹6,400
Third Target (T3): ₹8,500 (longer-term target based on the measured move from the breakout).
Stop-Loss:
Set stop-loss at ₹4,650, just below the breakout level to manage risk.
Summary:
Entry: Above ₹5,350.
Targets: ₹5,900, ₹6,400, ₹8,500.
Stop-Loss: ₹4,650.
Disclaimer: The stock information shared here 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.
24.09.22 What is the Whale Index?Hello, I'm Whale_signal
Change the white question mark line that I posted before to the purple whale indicator to raise it
Please check the section above
And I'm aiming for an important position once again
The last $2,000 went up exactly $2,000,
Trending Place? It's Awesome, So Long $4,000 Up
We expect the trend to explode if we get the important whale indicators right again this time
We'll reveal it through whale index on the real-time chart sharing below
Make sure you eat this trend!! 🤓
🐋What are whale indicators?
After your analysis,
You can think of it as an auxiliary indicator that can be used for RBI against support and resistance
You've already seen it, but it's very accurate
If you build up your experience and use it well
I'm sure it'll be an indispensable weapon for gift lovers!
But having a good weapon doesn't solve everything on its own
It's up to you to use the weapon and solve the problem
As much as I worked hard on it, I hope you use it well
Let's make great achievements together!
The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$
***whale surface intensity***
Purple>>>Orange>>>White
(Purple indicators are the strongest)
IREDA - Ready To Bounce From Support🔊 IREDA - Ready To Bounce From Support
IREDA - INDIAN RENEWABLE ENREGY
⌛Duration - Short Term (3 month to 5 month)
📊📈 Trade Logic - Bouncing from Long Term Support Area
CMP - ₹232.37
Time Frame - Weekly
🎯Target 1 : ₹260
🎯Target 2 : ₹280
🎯Target 3 : ₹300
🛑 Stop : ₹210/₹220
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared here 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.
Ethereum Ready to $6000 ?CRYPTOCAP:ETH Chart Update
Next Target: $5500-$6000
Best Accumulation Zone: $2500-$2100
Long Term Target: $8000-$10,000
#Ethereum bounced strongly from the $2100 level (channel support), and with the next resistance at $5500-$6000, I’m expecting the next stop for #ETH to be $6000
Histogram(MACD) Divergence Trading Let us discuss the MACD indicator strategy and histogram. I know being a chartist you are familiar with this tool.
Hence I hope this will be a revision for you. Assuming you already know this topic, you should know that MACD Histogram is derived from MACD.
To me, it is the effect of MACD (cause), without which MACD Histogram would not have been born. I hope you can relate it to the previous paragraph. If not, no problem. Carry on reading.
But before proceeding further I would request you to recapitulate MACD (moving average convergence divergence). Thanks for converging your thoughts with that of mine. I am glad. It will help me to explain this article without taking the additional burden.
MACD Histogram Peak-Trough Divergence
By now you must have understood how the histogram dances to the tunes of prices. If one looks at it closely then one can easily identify the divergences.
You will notice that a peak and trough divergence is formed with two peaks or two troughs in the MACD Histogram.
Usually, it can be segregated into two parts, i.e. bullish peak and trough divergence and bearish peak and trough divergence.
Alright, I will explain you in short.
Bullish Peak-Trough Divergence
It is formed when MACD makes a lower low and on the contrary, MACD-Histogram makes a higher low. One thing you should keep in mind, i.e., well-defined troughs define the health of a bullish peak-trough divergence.
bullish peak trough divergence
Bearish Peak-Trough Divergence
It is formed when MACD makes a higher high and on the contrary MACD Histogram makes a lower high.
One thing you should keep in mind, i.e., well-defined peaks define the health of a bearish peak-trough divergence.