Contains IO script
Day Trading or Short Time Position Trading Friends in this i have put a chart based on the Wave Theory Method
People with very low capital can do take trades with small stop and decent income from
short term trading ,
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ZM Long from price 59ZM is looking perfect on the weekly chart. Target is huge and will surprise any day by showing a gap up of 30% in the coming trading sessions. Wait for price to test 59 and hold for long target short term will be 86 Long term target one can trail keeping a 2% low on weekly closure low. Long term target price will pause around 100 on crossing with good candle above 125 target expected is 260. Sl for short and long term from the above price will be 53 or trail on upside movement.
17 Sep 2024 Bank Nifty Predictions (Next Trading Day)Support and Resistance Levels
Support Levels:
51,872 - This is the low of the 5-minute chart for today.
51,600 - A previous support level observed on the daily chart.
Resistance Levels:
52,400 - The current level where the price is hovering, acting as immediate resistance.
52,800 - A previous resistance level observed on the daily chart.
Market Scenario for the Next Trading Day
Opening Slight Gap Up
Based on the current trend and momentum, a slight gap up is expected.
Morning Bullish
The market is likely to continue the bullish momentum from the previous day.
Midday Range-bound
After the initial bullish move, the market may consolidate and trade within a range.
Afternoon Start Bullish, then Range-bound The market may attempt another bullish move but is likely to face resistance and trade within a range.
Options Strategies and Strikes
As an options buyer, the following strategies and strikes could be effective for the next trading day:
Bull Call Spread:
Buy 52,200 CE
Sell 52,400 CE
This strategy will benefit from a moderate bullish move and limits the risk.
Long Call:
Buy 52,200 CE
This strategy will benefit from a strong bullish move. However, it carries higher risk if the market does not move as expected.
Straddle:
Buy 52,200 CE
Buy 52,200 PE
This strategy will benefit from a significant move in either direction. It is suitable if you expect high volatility.
Summary
Support Levels: 51,872, 51,600
Resistance Levels: 52,400, 52,800
Expected Market Scenario:
Opening: Slight Gap Up
Morning: Bullish
Midday: Range-bound
Afternoon: Start Bullish, then Range-bound
Options Strategies:
Bull Call Spread (52,200 CE - 52,400 CE)
Long Call (52,200 CE)
Straddle (52,200 CE and 52,200 PE)
This analysis is based purely on the 5 minutes and Daily Bank Nifty charts and does not consider external market factors. Adjust your strategies accordingly as the market evolves.
Smart Money Footprints in KIRLOSBROS: Key Demand ZoneHave you ever wondered where the big players, like mutual funds and foreign institutional investors (FIIs), are placing their bets? Spotting these "smart money" moves can provide incredible trading opportunities. In this analysis, we'll walk through the June 2024 quarter smart money movement in Kirloskar Brothers Ltd. and how you can use demand zones to potentially ride the wave alongside them.
What is Smart Money?
Smart money refers to institutional investors who have the expertise and resources to analyze market data on a deep level. They usually make moves based on significant market events. In the case of Kirloskar Brothers, mutual funds have increased their holdings from 7.67% to 7.92%, while FIIs raised their stake from 4.11% to 5.03% in the June 2024 quarter. The number of FIIs also rose, indicating growing interest.
🌍 Why Should You Care?
When institutional investors increase their positions, it's often seen as a sign of confidence in the company's future performance. But how can you ride these moves as a trader? The answer lies in the demand zones, which are the footprints of smart money.
What Are Demand Zones?
Demand zones are areas where buying pressure has overwhelmed selling pressure, causing prices to rise.
For Kirloskar Brothers Ltd., the stock is currently trading inside a weekly demand zone and has already reacted to a daily demand zone . If you check the chart, you'll notice that the daily demand zone is nested within the weekly demand zone, increasing the significance of this area.
When different demand zones from various time frames align, it makes the trade more reliable.
How to Plan Your Trade
Entry: You can look for a buy signal near the daily demand zone.
Stop Loss (SL): Place your SL just below the daily demand zone, with a small buffer.
Target: Aim for a minimum of 1:2 Risk to Reward (RR) ratio. Until this target is hit, there are no significant supply zones on the daily and weekly time frames, making this an attractive trade setup.
🔥 Final Thoughts
Smart money leaves clues, and demand zones are often the footprints they leave behind. If you're new to trading, using these zones to guide your trades can offer a structured and informed approach to the markets. Remember, this is a study-based analysis and is for educational purposes only. Always conduct your own research before making any trade, and note that I’m not a SEBI registered analyst.
📊 Keep learning, keep growing!
"Trading is like building muscle. The more disciplined you are, the stronger you become!"
Thanks for your support, your likes & comments!
16 Sep 2024 - Bank Nifty Predictions (next Trading Day)1. Support and Resistance Levels for the Next Trading Day:
Daily Chart:
Resistance is around 52,000 (close to the high of today's candle). This zone may act as an immediate hurdle if the price opens near this level.
Support is near 51,500-51,600. If the price pulls back, this level could provide support based on previous price actions.
5-Minute Chart:
Short-term resistance is at 51,950-51,990 (today's high).
Short-term support can be identified around 51,800, and below that at 51,635 (low of the day).
2. Next Trading Day Scenario:
Based on today's price action and momentum from the 5-minute and daily charts:
Opening: Likely to open flat or slightly gap up, around 52,000 levels, based on the current upward momentum.
Market Condition:
Morning Session (9:15 AM – 11:30 AM): Likely to open bullish, testing the 52,000 resistance.
Mid-day Session (11:30 AM – 2:00 PM): If unable to break 52,000 convincingly, expect range-bound movement between 51,800 and 51,950.
Afternoon Session (2:00 PM – 3:30 PM): May test higher levels if 52,000 breaks; otherwise, it may consolidate.
Time Condition Comment
9:15 AM-11:30 AM Bullish Test of 52,000 resistance, likely a breakout attempt
11:30 AM-2:00 PM Range-bound Between 51,800-52,000 if no breakout happens
2:00 PM-3:30 PM Bullish/Range-bound If 52,000 breaks, further upward move possible
3. Option Strategy and Strike Selection for Next Trading Day:
Strategy as an Option Buyer:
If the market opens slightly gap up or flat and tests 52,000 resistance early in the session:
Buy Call Option 52,000 CE or 52,100 CE if the breakout above 52,000 is confirmed.
Use a strict stop loss near 51,800 to protect against any sudden reversals.
In case the price gets rejected from 52,000:
Buy Put Option 51,900 PE if the rejection is strong and the price shows signs of falling below 51,800.
Target for the downside would be near 51,600.
Best Strikes to Consider (based on expected moves):
Call Option: 52,000 CE or 52,100 CE for bullish moves above 52,000.
Put Option: 51,900 PE for bearish rejection below 52,000 and targeting 51,600.
Conclusion:
Based on the current setup, 52,000 is a key level for the next trading day.
Bullish move expected in the first session with a potential breakout.
If the breakout fails, be prepared for a range-bound scenario and adjust strategies accordingly.
I hope this gives you a clear and specific idea of what to expect! Let me know if you need any more analysis or support.
Disclaimer: Do Manager your Risk and Money management, Do not Forget to PUT STOP LOSS.
bandhan bank a consolidation under breakout will it succeed ?Bandhan Bank Ltd. is an interesting chart to keep on radar
1. Price formed base in its 6 month long consolidation
2. BAT pattern under formation on weekly chart
3. Narrowing Bollinger Bands on daily and weekly chart
4. Price getting ready to breakout of its consolidation and walk on upper Bollinger bands on daily chart
5. Minor resistance near 208-210 zone
Will it breakout and reach point 'D' ?
or
Will it continue its consolidation ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
KABRA EXTRU. A 6 MNTH CONSOLIDATION BREAKOUT WILL IT SUSTAIN?Kabra Extrusiontechnik Ltd. is an interesting 6 month long consolidation breakout
1. RSI on all time frames above 60
2. Price Breakout with huge volume candles
3. Narrowing Bollinger Bands on both daily and weekly charts
Will it sustain ?
or
Will it Fizzle out ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
TATACOMM WILL IT BREAKOUT OR WILL IT STILL CONSOLIDATE ?Tata Communications Ltd. an interesting chart in consolidation to keep on radar
1. RSI on all time frames (D/W/M) above 60
2. Narrowing Bollinger Bands on Weekly chart
3. Price can breakout of 15 month's long consolidation
4. ABCD pattern under formation on weekly chart
WILL IT CONTINUE TO CONSOLIDATE OR
WILL IT BREAKOUT
LETS SEE HOW IT EVOLVES.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
M&MFIN A BREAKOUT - WILL IT SUSTAIN OR WILL IT FIZZLE OUT ?Mahindra & Mahindra Financial Services Ltd. is an interesting consolidation breakout with following
1. RSI on all time frames (D/W/M) above 60
2. ABCD pattern under formation on Monthly chart
3. Major 20 Week SMA support near 290
4. Breakout of 16 months consolidation between 250-325 zone
Will it sustain or will it Fizzle out ?
Lets See How it evolves.
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
VEDL : A CONSOLIDATION WILL IT BREAKOUT OR WILL IT FIZZLE OUTVedanta Ltd. an interesting consolidation to keep on radar
1. RSI on all time frames (Daily, Weekly, Monthly) above 60
2. Narrowing Bollinger Bands on Weekly charts
3. ABCD Pattern under formation in weekly chart
4. Major 20 Day / week SMA support at 425-440 zone
A Breakout in making will it succeed or will it fizzle out
Lets See How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
AMI ORGANIC A BREAKOUT WILL IT SUSTAIN OR FIZZLE OUT ?AMI Organics Ltd. is an interesting breakout
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on Weekly chart with Price walking on upper band
A BREAKOUT Will it sustain or Will it Fizzle out ?
lets see How it evolves.
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Unlock KNRCON’s : Riding the Bullish Breakout to New HighKNR Construction Ltd (KNRCON), a few key features can be observed:
Weekly High: Around 415
Weekly Low: Around 202.53
Current Price: Around 352.95
Breakout Structure (BOS): The stock seems to have experienced a breakout above resistance.
Here’s a potential trading strategy based on the current data:
1. Support and Resistance Levels:
Resistance Level: ~415 (near the weekly high) – if the stock moves towards this level, it could face selling pressure.
Support Level: ~308 (50% Fibonacci retracement) – this can act as a strong buy zone in case of a correction.
Long-term Support: ~202 (weekly low) – strong support level.
2. Entry Strategy:
Breakout Trading: Since the stock has broken out from a previous resistance (BOS), a good entry point would be around the current price (352.95), with a target near the next resistance level (415).
Pullback Entry: If the stock retraces, consider entering around the 50% retracement level (308) with a stop loss below the next support level (255).
3. Stop Loss:
For an aggressive trade, place the stop loss around 308.
For a more conservative approach, place the stop loss around 255 (75% Fibonacci retracement).
4. Target Levels:
First Target: ~388 (previous highs)
Second Target: ~415 (weekly high)
Long-Term Target: If momentum remains strong, potential breakout beyond 415 could lead to a higher upside.
12 Sep 2024 Bank Nifty Predictions1. What was Today's Scenario?
The market moved down today. This is evident from the 5-minute chart showing a consistent downward trend throughout the trading session.
2. What level of support and resistance exists on Next Trading Day?
Based on the daily chart:
• Support Level: Around 50,800 (previous low)
• Resistance Level: Around 51,400 (previous high)
3. What is the Next Trading Day Scenario?
Based on the current chart patterns and today's downward movement, the next trading day scenario could be:
Time Market| Condition
Opening | Slight Gap Down
Morning | Bearish
Midday | Range Bound
Afternoon | Slight Recovery
4. Strategy or STRIKEs for Next Trading Day
As an option buyer , the following strategy could be effective:
• Morning Session: Buy 51000 PE if the market opens with a slight gap down and shows bearish signs.
• Afternoon Session: Consider buying 51000 CE if there is a slight recovery.
Additional Analysis
• Volatility: Expect higher volatility in the morning session.
• Stop Loss: Set a strict stop loss to manage risk, especially in a volatile market.
By following these specific strategies and levels, you can make more informed decisions for the next trading day.
Disclaimer : Do Follow you Risk and Money management, We are not providing any TIP or IDEAS, Just Sharing My views.
SBICARD - WILL IT RETEST ITS BREAKOUT OR NOT ?SBI Cards And Payment Services Ltd. an interesting chart with Harmonic Pattern under progress
1. Narrowing Bollinger Bands on Weekly chart and price started moving on upper band last week
2. Break out from base formation after 8-9 month's consolidation within 680 - 750 levels.
3. Daily and Weekly RSI above 60
4. Next minor resistance between 830-870 zones
A chart to keen on radar and to watch
Will it RETEST its breakout levels or
Will it complete its pattern journey without any RETEST
Lets see How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ZYDUSLIFE - A NEGATIVE RSI DIVERGNCE LETS SEE HOW IT EVOLVESZydus Lifesciences Ltd. Negative RSI Divergence on weekly chart
1. A picture Perfect negative RSI divergence on weekly chart
2. Price forming higher highs where as RSI is sliding downwards
3. Super Trend Turned sell on weekly chart
4. Fall in price followed by huge volume candles
5. RSI on daily near 40
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to have some with my own Risk Reward matrix
TILAKNAGAR INDUSTRIES- 3 MHTS BREAKOUT WILL IT SUSTAIN ?Tilaknagar Industries Ltd. is an interesting Breakout on weekly chart to keep in radar
1. RSI in all time frames above 60
2. Price rise with huge volume
3. Three months long consolidation breakout
4. ABCD pattern under formation on weekly chart
FUNDAMENTALLY
Company has reduced debt.
Company has delivered good profit growth of 23.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
will this breakout Sustain ?
or
Will it fizzle out and continue its consolidation ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Chart of the weekChart of the Week: Deep Dive into Technical Analysis Join us for our weekly chart analysis where we dissect the most trending stocks and indices. This week, we'll delve into the intricacies of technical analysis. Learn how to: Identify patterns: Spot classic chart formations like head and shoulders, triangles, and flags. Use indicators: Understand the significance of moving averages, RSI, MACD, and more. Determine support and resistance: Pinpoint key price levels for potential buy and sell opportunities. Whether you're a seasoned trader or just starting out, this episode will equip you with valuable insights to make informed investment decisions. Don't miss out!