July is Historically a Bullish Month for NiftySaid earlier that NSE:NIFTY could pull back till 25000 and then bounce. And that's exactly what happened.
The quarterly rotation in the market seems to have completed. And today, supply started getting absorbed.
I’ve already mentioned before — July has historically been a positive month for the markets, and that view still stands.
The outlook remains bullish.
Today’s candle in Nifty is a demand candle — it has absorbed nearly half of the selling pressure.
However, the remaining supply is still there, since sellers outnumbered buyers by around 40 million today.
So we’ll turn aggressive only if tomorrow’s early session absorbs this supply.
Ideally, the first hourly candle should take care of it. If that happens, strong momentum can follow.
Otherwise, Nifty might just consolidate for a bit.
Intraday levels for tomorrow:
- Support: 25044
- Resistance: 25202
If 25202 breaks, direct upside target is 25350.
Coming to NSE:BANKNIFTY — today’s candle is indecisive.
If strong momentum doesn’t follow soon, it could drop again.
So it’s important for BankNifty to close above 57098 within the first hour tomorrow.
Support zone will be around 56590.
Talking about sector rotation — NSE:CNXMEDIA topped the charts today. So special focus should be there for intraday trades.
That said, short-term leadership is still with IPOs, Pharma, and Realty sectors.
Right now is the best time to identify quality breakout stocks.
But remember, you also need a solid position management strategy.
Most traders make the mistake of exiting too early in bull markets with small profits — that’s greed.
In bull phases, the goal should be to ride the trend. Don’t follow feelings. Follow your setup.
Stocks like NSE:HPL and NSE:DBREALTY are showing great setups.
Study these setups carefully. Learn from them. Never blindly copy others.
That’s all for today.
Take care.
Have a profitable day ahead.
Hplelectricpower
Nifty ready to Bounce As mentioned in Friday’s commentary — a gap-down was expected in NSE:NIFTY , and that’s exactly what we saw.
I highlighted that the gap-down could happen below 25285 — and the market opened at 25255.
A bounce was expected near 25333 — and the bounce actually came, up to 25322.
It was clearly stated that selling should be done on bounce — and from there, the market dropped nearly 180 points from the high.
In short — the analysis played out exactly as planned.
Now, since everything is moving as per plan, it would be incorrect to assume that the market has turned bearish.
The Nifty chart is simply indicating that due to the earnings season, institutional money is rotating from one set of stocks to another.
So, this is not a downtrend or a selloff — it’s just a basic quarterly rotation which mutual funds are required to do every quarter as part of their rule-book.
Funds are being booked from run-up or overbought stocks, and re-invested into undervalued stocks — stocks that are now setting up for a fresh move and belong to stronger indices or sectors.
✅Your focus should be on spotting such stocks and sectors early.
Now, coming to Friday’s Nifty candle — it’s showing a bullish hidden divergence.
Which means — there’s a high probability of a strong bounce.
However, there’s a caution: the first one hour of the market might remain sideways or slightly bearish.
So avoid early entries — wait for a clear bounce signal.
Let’s talk about the key technical levels:
Resistance: 25225 — once crossed, the next resistance is at 25350.
Support: 25125 — if this breaks, index may fall to 25071, and further to 24955 if pressure continues
The time-wise correction seems almost complete — and next week looks promising for a solid move.
Sector-wise, IPOs, Healthcare, FMCG, and Pharma are currently showing the most strength.
Speaking of NSE:BANKNIFTY — it has already shown the first sign of bounce by holding support at 56600. Immediate resistance is at 56900.
From today, you can start scanning for strong breakout stocks — like NSE:HPL
That’s all for today’s commentary.
Take care. Have a profitable tomorrow.
We Might See 25000 Level Testing in Nifty Today's price action in NSE:NIFTY formed a classic Supply Candle—indicating strong seller dominance with hardly any buying interest throughout the session.
Heading into tomorrow, we are likely to witness one of two potential scenarios:
Scenario 1:
We may open with a gap-down, driven by the pressure of today’s supply. If that happens, expect the opening to be below 25285.
In this case, avoid buying the dip. Instead, look to sell on any intraday bounce near 25333.
Scenario 2:
Alternatively, we could see a mild gap-up due to call unwinding, triggered by the emergence of a new resistance zone.
If the index approaches 25400, that will be a strong supply area. In such a scenario, look to initiate short positions near 25400 with a stop-loss around 25433 (on hourly closing basis).
Also, keep an eye on 25222. If we bounce from this level in the second half, it would suggest strength returning for the coming week.
However, a failure to hold this support and a close below it could push us towards the 25000 mark.
NSE:BANKNIFTY also continues to show weakness. Immediate support is around 56700, while resistance stands at 57100.
With earnings season underway, this is a crucial time to focus on the Earning Pivot strategy.
Stay selective—only trade setups with strong earnings-backed pivots.
On the sectoral front, Power continues to lead. I traded NSE:HPL today which still looks good.
Next in line are NSE:CNXFMCG and #SUGAR—both sectors showing early signs of strength.
Let me remind you—chaos often breeds the best opportunities. Use this phase to curate your watchlist for the next leg of the rally.
That will be all for today. Trade smart and have a profitable tomorrow.
HPL Electric & Power secures order worth Rs 144Cr.HPL Electric & Power stock rises:Shares of HPL Electric & Power rose up to 2.4 per cent to hit an intraday high of Rs 613.20 per share on Friday, September 13, 2024.
The uptick in the HPL Electric & Power share price came after the company announced that it has bagged an order worth R 144 crore.
In an exchange filing, HPL Electric & Power said, “We are pleased to inform that the company HPL Electric & Power Limited has received Work Orders/Letter of Award of Rs 143.77 crore (inclusive of tax) from our regular leading Customers
HPL Electric & Power Limited, a manufacturer of electrical equipment, has built a robust presence over the past 40 years across five key product areas including metering solutions, modular switches, switchgears, LED lighting, and wires and cables.
Short Term Swing Trading Idea in HPL Electric for > 20% UpsideHi,
NSE:HPL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Two Paths 📈 📈1000 -- 1200 within ( 23rd Dec 2024 -- 2nd June 2025 )
If weekly closing above 541 on or within 8th July 2024 then 📈 1211
Weekly closing Above 506 on 9th September 2024 then 📈 📈 1001 ( 2nd June 2025 )
1001 --- 2nd June 2025 ( High probability )
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Short Term Trading Opportunity in HPL Electric for 15% upsideHi,
NSE:HPL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
HPL - Ichimoku Breakout📈 Stock Name - Hpl Electric & Power Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 380.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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HPL - Long Setup, Move is ON..NSE:HPL
✅ #HPL trading above Resistance of 290
✅ Next Resistance is at 396
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
LONG on HPL ELECTRIC POWER; Breakout from Descending ChannelHPL corrected approximately 91% from its IPO price of 198 to reach 18.35 on 13th March 2020. It then took support at lower trendline of descending channel and has risen by 385% in last 3 years.
The scrip has been falling in a descending channel ever since its Listing. It broke out of that channel on 30th Sep 2022.
Entry: Only above 92
Stop Loss: 85.50(daily closing basis)
HPL Electric blastedChart -> HPL Electric Daily
Breakout with volume blast!
CMP: 122
Good Range To Buy: 112 to 122
Targets: 135, 150, 160
SL: 108 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
HPL - Ichimoku Bullish Breakout Stock Name - Hpl Electric & Power Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 90
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
HPL Electric & Power Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since January 2022, BSE:HPL has given a breakout today. Buy with a stop just below ₹72. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
[Positional/swing] HPL Electrical LongBO with recorded high volumes now at retest
Buy at CMP (good buy zone is 50-45)
weak below 38(Small cap so please maintain SL below 38 on closing basis)
target of 64-74-90
Resistance acts as Support near 49-47 Also Fibonacci retracement zone (61.8%) near 48
Increasing volumes during uptrend
volume dry up during consolidation


















