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MTAR Technologies Ltd view for Intraday 23rd Dec #MTARTECH MTAR Technologies Ltd view for Intraday 23rd Dec #MTARTECH Resistance 1740 Watching above 1744 for upside movement... Support area 1700 Below 1720 ignoring upside momentum for intraday Support 1700 Watching below 1695 or downside movement... Resistance area 1740 Above 1720 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:MTARTECHLong
by EmpireCrown
Nifty 50 - Portfolio Colour similar to color of Christmas?Year endings have historically been famous for a big correction and 2024 is no different. As I had mentioned in my previous idea, 23900, 23300 are crucial support to Nifty and 24300, 24800 are strong resistances We had seen a good bounce from 23300 to 24780 and then a good fall once 24300 was broken again. 23200-23300 will be a key level to understand next trend for Nifty. As we can see, there is a confluence of trendlines and demand zone around 23200. If we see a bear trap forming at this zone, one can expect 25000+ levels in January 2025. But if 23200 is broken, bloodbath may continue till budget with next key support zones being 22700, 22000, 21500. Market is going to be volatile as we are going to see a change in lot size of Nifty 50 from new year. It is better to be sector specific for swing trading.
NSE:NIFTYLong
by chartistamey
2
NIFTY PREDICTIONS.... BEARISH OUTLOOK FOR DECEMBER 2024. I'll try explaining my Nifty chart analysis through Elliot waves. Nifty, again, is likely correcting in a 5-wave pattern. After reaching an ATH of 24274, Nifty's downside waves/correction started towards the end of September. Wave (1) moved in a 5-wave pattern and ended around 24700, as marked in the chart. Wave (2) had a zig-zag pattern and ended around 25200. Wave (3) also had a 5-wave pattern, falling 1.23 times wave 1 to end around 23300 levels. Wave (4)- Nifty is currently in this wave, which is probably in a zig-zag pattern. Wave (4), as usual, notoriously has violent moves on either side, giving challenges to traders. Probable levels of termination of wave (4) are 24800 {0.5 of waves (1-3)}and 25150 {0.618 of waves (1-3). Wave (5) - Assuming wave (4) termination around 25150, we can expect a big correction in Nifty to 22700 levels. This wave (5) alone can cause approximately 10% fall in Nifty. Remember, THE MARKET IS ALWAYS RIGHT. Trade with appropriate stoploss.
NSE:NIFTYShort
by Stock-Holmes
1
HDFC Bank Trade Setup on the Daily Chart📊 HDFC Bank Trade Setup on the Daily Chart 📈 Here's an interesting long trade setup for HDFC Bank: 🔹 Entry : 1771 🔹 Take Profit : 1881 🔹 Stop Loss : 1742 This trade aligns with a confluence of technical factors: 1️⃣ Fibonacci Retracement🟠: Price is bouncing near the 0.5 retracement level, signaling potential support. 2️⃣ EMA 50 🟡: Acting as dynamic support, strengthening the probability of a rebound. 3️⃣ Historical Resistance-Turned-Support 🟢: Price is testing a key zone previously broken. Risk-to-reward ratio looks favorable for a swing trade. Keep an eye on how price reacts to this critical level. 💬 Share your thoughts in the comments!
NSE:HDFCBANKLong
by Shivam_Mandrai
BankNifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, BankNifty opened negative, reached a high of 52827.60, but slipped to a low of 52010.65, entering the Daily Demand Zone. It ended the day at 52139.55, down by 695 points, marking its second consecutive losing session. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted to sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 51693.95 - 52197.25 (current price inside this zone) Far Support: 51353 (61.8% Fibonacci level) Far Demand/Support Zone (125m): 50898.75 - 51271.50 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52709.40 - 52911.10 Near Supply/Resistance Zone (15m): 53159.20 - 53276.55 Far Supply/Resistance Zone (30m): 53489.70 - 53675.05 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, Nifty opened negative, touched a high of 24394.45, but couldn’t sustain it and fell to a low of 24149.85. It ended the day at 24198.85, marking its third consecutive losing session, with a loss of 137 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are currently sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested twice) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support is at 23872 (61.8% FIBO) Far Support is at 23263 (low of 21st November 2024) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPalan
BHEL : bullish after this breakout INVERTED HEAD AND SHOULDER pattern Breakout - the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached 50D SMA SUPPORT - the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock REVERSAL FROM FIBONACCI RETRACEMENT LEVEL (0.5) - price has recently reversed from the 0.5 fibonacci retracement level with perfect accuracy which denotes bullish momentum for the stock after the reversal PROFIT - the target is 266.90
NSE:BHELLong
by peace_lover
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview: 1. The IT Index was beaten down in late 2022. 2. After 2023 it formed a bottom and prices started gaining strength. 3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand. 4. It is acting as a major support zone and good weekly candle rejection can be noticed. 5. Signs of buyers getting dominant and it should break the ATH soon. 6. I'm expecting a minimum 15% ROI from this sector turnaround. 7. Hopefully, with sector rotation this sector is going to gain momentum eventually. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CNXITLong
by SuperNova396
1
Time Analysis - Elliott Wave combinationSWAN ENERGY LTD is in impulse now. In the daily chart of SWAN ENERGY LTD, Flat Correction is getting over and the price is entering in impulse now. This can be said if we combine Time analysis with Elliott wave counting. The detailed counting of this Flat Correction can be seen in the chart above. The 0-B trendline is broken in half time of wave C time. (We can see wave C took 59 bars to form and after that, the price breaks above the 0-B trendline in just 30 bars) According to the rule, the Flat Correction is over and the price is in impulse now. The price will go to 127% for sure here, which gives us a price level of 875.45. This analysis is based on Elliott Wave theory and Fibonacci with time analysis. This analysis is for educational purposes only.
NSE:SWANCORP
by theprofityogi
Indus Towers Technical Analysis: Fibonacci Support and BreakoutThe chart of **Indus Towers Ltd.** using Fibonacci retracement levels, trendlines, and RSI (Relative Strength Index). Here's a detailed breakdown: ### Observations: #### 1. **Fibonacci Retracement Levels**: - Key levels drawn: **0.236 (₹426.50), 0.382 (₹405.25), 0.5 (₹388.05), 0.618 (₹370.85), and 0.786 (₹346.40)**. - The price has retraced significantly from the recent high and is hovering around the **0.786 retracement level (₹346.40)**, indicating a potential **support zone**. #### 2. **Trendline and Breakout**: - The chart shows a **downward trendline** connecting lower highs. - A breakout above this trendline is evident, followed by a **retest of the breakout zone**, aligning with the Fibonacci support around ₹346.40. #### 3. **Touches and Reversal Points**: - Multiple resistance touches (labeled "Touch") at the upper trendline before the breakout. - After the breakout, there was a retracement, suggesting a **possible higher low** if the price holds above the ₹346 level. #### 4. **RSI Indicator**: - The RSI (Relative Strength Index) is near **55.91**, which is neither overbought nor oversold, but it indicates **neutral to slightly bullish momentum**. - RSI is approaching the midline, suggesting potential upward momentum if it sustains above the 50 level. --- ### **Key Levels to Watch**: 1. **Support Zone**: - ₹346.40 (Fibonacci 0.786 level). - Below this, ₹315.20 (Fibonacci 1.0 level) acts as the next major support. 2. **Resistance Zone**: - ₹370.85 (Fibonacci 0.618 level) and ₹388.05 (Fibonacci 0.5 level) are immediate resistances. - Breaking above ₹388 could indicate a resumption of the bullish trend. --- ### **Conclusion**: - **Bullish Scenario**: If the price holds above ₹346 and breaks ₹370, it could rally to ₹388 or higher. - **Bearish Scenario**: A break below ₹346 might push the price towards ₹315 or lower. - Keep an eye on the RSI; a move above 60 could strengthen the bullish case. Would you like further insights or trading strategies based on this analysis?
NSE:INDUSTOWER
by AnkurDasTrader