NIFTY is currently getting rejected from the level that formed due to a confluence of 0.382 level of Fib and the center of the parallel channel. It will be interesting to monitor price action for few days to see if rejection continues or it breaks and goes above it.
Breakout of the resistance level and moving averages indicates an up-move. But it's possible only if the price sustains above the level of 616, then the price could move 3 to 4%. Disclaimer: This is my pre-market analysis and my trading journal. Not a suggestion to buy or sell. Hit the like button!! Show some energy!! Thanks Er. Simranjit Singh Virdi
Nifty took resistance at 61% and going for Fibonacci retracement at 19000 (1.618%) for support
formed trend reversal pattern , looks weak technically with sl of 1550 , one can go short for 1390
NSE:VIJAYA Stock take support from C point. Buy sustain above the 465 rupees. First Target is 505 to 510 rupees. Second Target is 525 to 529 rupees. stoploss is below 450 rupees.
Dear Followers, I hope this message finds you well. I wanted to share my swing trade view on NSE:HLEGLAS with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy. Stock: NSE:HLEGLAS Holding Time Frame: 45-60 Days Entry Point: 575-580 Stop Loss Point : 525 Target Point:...
Dear Followers, I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:PFC I have been monitoring. It appears that the stock is approaching a potential resistance level Near 250-255 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a...
Upside Trade Zone: If price sustains above the level of 19678 then it could move towards 19715 and then 19745. Downside Trade Zone: If the price gives a breakdown of 19678 and sustains there then we could see the levels of 19617. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy...
Nifty on the weekly time frame has fromed a dragon fly doji after retesting the 20 ema. There is a gap up opening after tested 19350 levels and has closed around the 20 ema on the daily charts. On the hourly charts, the market has closed around the 200 ema. Though, the markets are opening gap up but there is no follow through in the direction. Nifty last week...
Trend - Negative If the price sustains below 541.40 then it could see the levels of 525 and then 510 The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level. A strong bearish crossover near an important level of 28.60% (Fib retracement). The breakdown of the Bollinger band Hit the like button!! Show some energy!! Disclaimer: This...
A strong bullish engulfing pattern is formed on an important support level. The support level of 4064 is a 50% Fibonacci retracement level and is also an important psychological level. So the bullish engulfing pattern on such an important level indicates an uptrend. Trade Zone: If the price moved above 4265 and sustained, then we could see the levels of...
Primary Trend : Negative Range-Bound Trend : All up Moves can initiate profit Booking @ 19630 whereas All Down Moves can Initiate Short Covering @ 19500 Upside: If Nifty futures for the Oct Series move above 19550 and sustain. Then Nifty futures can touch 19616 and then 19675 during the day. Downside: If the support of 19519 is broken then Nifty Futures can...
Standard Cup and handle Pattern on Weekly Chart. Retracement from key dual supports. Downside is almost arrested. Low Risk High Reward. Slow Mover. Momentum will pick up later as MACD is turning bullish too.
Nifty started the day with a gap down opening and corrected along with the broader market sell-off in Wednesday’s session. However, we witnessed a recovery from the low of 19333 and it ended well above 19400 with a loss of less than half a percent. All up Moves can initiate profit Booking @ 19500 whereas All Down Moves can Initiate Short Covering @ 19350 If Nifty...
📊 Technical Analysis Report: BSE:UNIONBANK 📅 Date: September 11, 2023 🕣 Time: 08:28 AM 📌 Introduction The following report provides a 📈 technical analysis for Union Bank of India as of September 11, 2023. The stock 🛑 closed at 88.10 on the last 🗓 trading day (Friday). 📊 Key Metrics: 🔒 Last Close Price: 88.10 50 -Day Moving Average: 📉 Under...
Dear Followers I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:RAIN you've been following. The stock has recently taken support at a key level, indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position. Stock Name- NSE:RAIN...
I think this underrated company currently. I know this company, physical visited 1st ) It make bromine, demand is good 2nd ) solt demand is also good 3rd ) potash (khad) use in farming demand is not good, If potash demand up may this company unlock value more faster. Prons- Company has reduced debt. Company is almost debt free. Company has delivered good...
Dear Followers, I hope this message finds you well. I wanted to provide you with a brief update on the NSE:NIFTY I have been monitoring. It appears that the stock is approaching a potential resistance level Near 19750-70 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a...