FINNIFTY LevelsFinnifty levels to follow today. Finnifty is in pressure and to follow it banknifty needs to reverse from the zone. Global news may impact for sometime, as Crudeoil is trading near 85-86
Finance
Long bet in AVAAS FINANCIERS.>>Avaas Financiers Ltd is a major company that offers home loans. They operate in several states in India, including Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Punjab, Uttarakhand, Himachal Pradesh, Delhi, Odisha, and Karnataka. They have a widespread presence with a total of 346 branches.
>>This company primarily focuses on providing home loans to people in the low and middle-income groups. What's noteworthy is that Avaas Financiers Ltd has been actively working to increase its sales numbers and profits. This performance makes their stock look promising for potential investors.
>>In terms of its future, Avaas Financiers Ltd looks promising because it operates in a specialized niche within the home loan industry. The company intends to expand by opening 30-35 branches annually and entering two more states over the next 3 to 5 years. This strategy is expected to provide sustainable growth.
>>Now, if we look at its chart, especially on a weekly timeframe, we will find that the stock has corrected 50% from its peak. After correcting, the stock is accumulating in an ascending triangle pattern. If it is able to break out of this pattern, we could consider entering the trade, as it has all the possibilities to provide decent growth in the long run.
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Fin Nifty expiry 4th Oct a glanceHello Traders,
This is my view about the Fin nifty expiry -
Overall I'm positive about fin nifty but I expect the market will test the support zone 1 and then it will bounce back till Resistance zone 2, If at all it will expire in between Resistance zone 1 and Resistance zone 2.
It could be a zig zag market on Tuesday. Watch ICICI bank, Hdfc Bank and Bajaj finance for reference.
There could be a straight away rally to Resistance zone 1 then a retest and again it may test the Resistance zone 2.
If it crosses Resistance zone 2 then it may hold for sometime and test the people and tempt everyone of shorting.
However if there is gap down or gap up the movement may differ. However I strongly believe it will expire near Resistance zone 1 or zone 2
Thanks
mayhem in finnifty - third elliot wave ?We are heading towards 3rd wave of Elliot as per my analysis i have shared chart of banknifty in recent time. in which I am predicating a big down move of around 1500-2000 pt. we can also see weakness in bank nifty trend.
SBICARD, 1D forms Bullish MarubozuNSE:SBICARD SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card launched in May 1998 by State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired stake in the company.
SBICARD gave BO of Bullish Marubozu on 1D TF
Entry : 851
Target : 890
SL : 813
RR : 1
ICICIPRULI, 1D formed hammer.NSE:ICICIPRULI ICICI Prudential Life Insurance Company Limited is a life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business.
ICICIPRULI forms bullish hammer on 6 sept,2023 and gave closing above hammer on 7 sept,2023 on support line.
Entry : 547.15
Target : 560.5
SL : 530
RR : 1.06
NIFTY TRENDLINE BREAKDOWN NIFTY TRENDLINE BREAKDOWN
NIFTY broke its major trendline ... SHORT INITIATED
Levels as mentioned in chart
BANKNIFTY Intraday Trade Plan BANKNIFTY Intraday Trade Plan
BUY LEVEL - 44450 -44350
STRICT INTRADAY ONLY
Ready for Hero Zero Trade guy's. Market will fall down from hereGuy's market can slip from here like anything, so i am expecting sharp fall in FInance nifty too, as today is expiry day in finance nifty due to tomorrow market off on 15th august independence day. So guy's first of all Happy Independence day in advance. Now let's focus on trades.
I have this trade:-
So take hero zero trade 19600 pe now at 32
keep stop loss at 11
Targets we can see 56/77/89/125++
Hedge with any out the money call option
buy 19650 ce now at 5
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Expiry Day Special analysis || FinNifty Hero Zero Trade 01/08/23Hello Traders, Good Morning, i hope you will be doing good in your trading and your life as well as. I have done analysis on Finance nifty as today is weekly expiry. So let's start,,
We have seen some pull back in all indian indices in yesterday's session, i think this should continue, as global market also supporting. Finance nifty also done same, let's see what is going to happen today.
If i talk about support and resistance for Finance nifty, then There is support in the zone of 20175-20200 in downside and i think Finance nifty will give respect for this today's session. Guy's try to buy in support zone also, if you see any price reversal pattern on downside and keep stop loss at 20125.
For Resistance we can see in the range of 20358-20375, and if Finance nifty will break above these levels and trade at least for 30 mints then our buying order should triggered, as then we can see bullishness in Finance Nifty and that momentum will lead the rally towards 20450-20500 levels.
Important Levels for Finance Nifty:-
Buy above 20358, if levels got sustained at least for 30 mints.
Target we can see in upside 20441/20481/20537.
Keep stop loss at 20200.
Sale below 20200, if levels got sustained at least for 30 mints.
Target we can see in downside 20125/20065/20011.
Keep stop loss at 20358.
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
FINNIFTY READY FOR BREAKOUT FINNIFTY READY FOR BREAKOUT
Finnifty is getting ready for structural breakout
100 points long momentum possible
TARGET 20450-500
SL 20285
CNX Finance CNX Finance look for trendline breakout or Rejection
Fibonacci given levels
Strong Demand Zone touched 17265
failing to cross trendline at 17450 can give fall
Swing Buy Opportunity in BajajFinanceGood Buy opportunity in Bajajfinance as per 1:1.5 Risk Reward Ration.
The stock has taken support on 200EMA and has given a breakout.
Note: This information is for Learning/entertainment purpose only and should not be treated as any trade recommendation. Please do research and consult your advisor prior to taking any actions.
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LONG BAJ FINAdd more as it comes down, Start with a good quantity here. In a year and half, it will reach the expected target following the trendline as slope.
Disclaimer: I am not a SEBI Reg. Analyst. Do your own research before investing or trading.
Poonawalla - CUP & Handle PatternStrong Pattern along with amazing growth in the book. Looking for higher growth
XAUUSD GOLD TECHNICAL ANALYSIS FOR UPCOMING MARKET EVENTS XAUUSD Technical Analysis
Strong support: 1939 / 1914.
Strong resistance: 1954 / 1965
Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one.
It is forming a triangle pattern. A decline in the dollar will strengthen our gold.
The moving averages indicate that consolidation is forming. If there is not a strong pullback upwards, in the medium term we should expect a fall in price along the trend
If the dollar goes down and forms a correction, gold will strengthen to 1965 and possibly to 1984, but if the dollar continues to rise after exiting the triangle, gold will start another decline to 1914.
INDIABULLS HOUSING FINANCEIndiabulls housing finance is buy on dips until it is trading above 100 levels , a higher low in the structure indicating bullishness , can buy on any dips towards 110 levels with SL at 90 for big targets in long term
BAJAJ FIANNCE Imp res 6300 and 6500 .Imp supp 6200..Stock can reach if any strong break out above 6300.. Rejection from 6300 can lead a pull back to 6200
AMBUJACEM constantly testing a trendlineAmbujacem has constantly been following a trendline and sooner or later it is bound to give a strong breakout. The company has great fundamentals; thus, Ambujacem can be a good pick for investors.
#BANKNIFTY - 21/03/23 MARKET VIEWBased on the current market activity and price action analysis, it appears that BANKNIFTY is exhibiting a strongly bullish trend as of March 21st, 2023. Throughout the day, buyers have been overwhelming the market, indicating a high demand for BANKNIFTY and a positive sentiment among traders.
Given this market behavior, there may be a favorable long trade opportunity available within the range of 38950-39150, with a Target price of 39700 and a Stoploss at 38600. However, it is important to note that the decision to enter into any trade should be based on an individual's financial goals, risk tolerance, and investment strategy.
Moreover, traders should always exercise caution and implement proper risk management techniques, such as setting stop-loss orders, to minimize potential losses. It is also important to continually monitor market conditions and adjust trading strategies as needed to ensure optimal performance.
