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JSWENERGYReasons to consider going long on JSWENERGY 1. Bullish Reversal Patterns: • The green candle on horizontal support could signify a potential reversal. 2. 200-Day Moving Average as Support: • The 200-day moving average is a key long-term support level. A bounce from this level often attracts institutional interest and signals strength in the stock. 3. Relative Strength vs. Nifty: • Positive relative strength suggests that JSWENERGY is outperforming the broader market, making it a strong candidate for an uptrend continuation. 4. Sector Support: • Nifty Energy index taking support on its horizontal support increases the likelihood of a sector-wide bounce, which could positively impact JSWENERGY. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:JSWENERGYLong
by AryanDixit
1
ICICI Bank is likely to stay in its channel, No breakouts!ICICI bank has had a really good year, outperforming its rivals with 31.1% Returns in last 1 year while its main competitor HDFC sits at 13.9%. ICICI Bank is already trading slightly above its 3 Year Median PE. All this points that a breakout from ICICI's current parallel channel is very less likely, and the bank is going to continue to stay in this channel only. The lows will be formed either at bottom line of the channel or center line. This will create technical BUY signals for this stock.
NSE:ICICIBANK
by retirewithrohit
Ujjivan Small Finance Bank Builds Momentum for Rebound◉ Since its launch, the stock has faced a dramatic decline, dropped nearly 80% from its peak. ◉ Once it found support around the 12.5 mark, the stock began to rise again, formed an Inverted Head & Shoulders pattern in the process. ◉ After breaking out, the price surged to an all-time high near the 61 level, only to experience another notable drop. ◉ At present, the stock is trading at the previous breakout point and is expected to rebound shortly.
NSE:UJJIVANSFBLong
by GoodluckCapital
2
NIFTY is bearish below 23263 - Nifty Bearish Level (Important)Nifty has found support at 23263 - please be aware to exit or reduce your positions if the suggested level is broken, you can also think of shorting the markets with a timeline of trade for 3 Months (that means, atleast stay in shorts for three months if as long as markets is below 23263). I strongly suggest you to save this post or remember the level which can prove to be very important opportunity for taking a trade. Please Like, Share & Boost if you think this post was helpful to you Thank you
NSE:NIFTYShort
by piyushbafna000
SENSEX 5000 Points Santa Claus Rally Coming Soon ? It's that time of the year again! After the Doom and Gloom of October comes the Rays of hope in November and the ' Trump Effect ' may ensure that Santa comes early to the markets this year. There is just a small matter of a recent Swing low (78768) to be undercut, and then we can see the liquidity return to the markets by way of cheaper rates (just how long can RBI hold out!?), Chinese outflows and World Peace! (God Bless Donald J Trump). Nominal technical Target for the rally could be in the range of about +5000 points (>6.42%). Get Ready for Merry Christmas ! 🎅
BSE:SENSEXLong
by Jay_Maan
Nifty 50 Near-Term ForecastCurrent Price and Resistance: The Nifty 50 index is currently trading around 24,492. There's a notable resistance level around 25,065, where previous price action struggled to move higher. This level acts as a potential cap for upward movement. Support Levels: A significant support line is marked around 23,996, below the current trading level. If the price breaches this level, it could suggest a further downside, with a possible drop toward lower support zones. Projected Downtrend: The orange line indicates a possible downward movement from the current levels if resistance at 25,065 holds. This downtrend projection suggests that the Nifty 50 could move lower, potentially testing the support near 23,996. If the index falls below this support, the next projected move takes it further down toward the 22,000 level, indicating a deeper correction. Possible Reversal: After reaching a lower level near 22,000, there’s a projected rebound shown with an upward arrow. This suggests a potential reversal or bounce-back from these lower levels, which could present a buying opportunity.
NSE:NIFTYShort
by ayusharya_001
TATA MOTORSReasons to consider going long on Tata Motors: 1. Technical Support Levels: Tata Motors is positioned at a horizontal support level and a fair value gap on the daily timeframe, indicating potential for a reversal or bounce. 2. Fundamental Strength: Tata Motors is fundamentally strong, likely benefiting from a well- positioned product line, growing market share, and financial resilience. 3. Sector Support: The Nifty Auto index is also at its support level and is taking support at the 200-day moving average, which could signal broader strength for the auto sector and support upward movement for stocks like Tata Motors. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:TATAMOTORSLong
by AryanDixit
1
VAIBHAV GLOBAL - POSITIONAL SWING TRADE IDEASymbol - VAIBHAVGBL Vaibhav Global Limited, through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewelry, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. This stock has made a consolidation base already & currently trading at a good support area. I'm expecting this to go into advancing phase soon. Hence I'm buying this at CMP 322 with SL 250 for 510 - 600 - 710 targets. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:VAIBHAVGBLLong
by akshit_official
Nifty50 & Nifty500 Hits Critical Demand Zone: Ready for Bounce?Indian stock market has been in a downward for over a month, Let’s dive into the technical setups and explore potential scenarios. 🔥 Demand Zone Insight: Drop-Base-Rally (DBR) at Play On Friday, Nifty 50 entered a demand zone, specifically a Drop-Base-Rally (DBR) zone — an area often indicating unfilled orders from institutional buyers. In strong markets, simply entering the zone could signal a buying opportunity. However, since the broader trend has been downward, it’s more prudent to look for confirmation. Today, Nifty 50 delivered that confirmation entry by forming a bullish candle within this demand zone, suggesting that the price may now have the support it needs to reverse direction. This type of entry confirms that buyers are stepping in, providing traders a more reliable basis to consider potential setups. 📊 Nifty 500: Inside Bar as Additional Confirmation For traders who prefer further confirmation, the Nifty 500 presents an interesting setup. After hitting a key support level last Friday, the index printed a bearish candle (-1.27%) followed by a small, 0.67% bullish candle today — a formation known as an inside bar . 🛠️ Trading the Inside Bar: Breakout Signals An inside bar indicates price consolidation and often precedes a breakout. By waiting for this breakout, traders can add another layer of confirmation before entering. Bullish Breakout : A price rise above today’s high could signal a potential reversal and strengthen bullish momentum. Bearish Continuation : If the price falls below today’s low, we may see the downtrend continue. ⚠️ Final Thoughts 📉 Nifty 50’s demand zone and today’s bullish candle hint at an early sign of a potential reversal. However, with the daily trend still pointing downward, a more cautious approach may be wise. Waiting for additional confirmation through an inside bar breakout in Nifty 500 could provide stronger validation. If tomorrow Nifty 500 breaks above today’s high, this would confirm the inside bar breakout, offering a clearer reversal signal and a green light to plan buy entries in selected stocks based on your setups. Conversely, if Nifty 500 breaks below today’s low, it may indicate a continuation of the downtrend. Lastly, Thank you for your support, your likes & comments. "Successful trading is the art of waiting for the perfect moment." 📈 This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst.
NSE:CNX500
by AfnanTAjuddin
1
M&MThese are compelling reasons to consider a long position on M&M: * Daily Support Level: When a stock holds at a daily support level, it often signals a buying opportunity as it tends to attract buyers, limiting downside risk. * Above 200-Day Moving Average: This is a strong indicator of an uptrend. Trading above the 200-day moving average often suggests positive sentiment and longer-term bullishness. * Relative Strength Against Nifty: Outperforming the broader market, such as Nifty, shows investor confidence in M&M compared to other sectors, suggesting resilience and potential for further upside. * Nifty Auto on Support: Support in the Nifty Auto index can help support M&M’s price movement since positive sentiment across the sector typically benefits individual auto stocks. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: * Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, This adds more reliability to the trade setup. * Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:M_MLong
by AryanDixit
1
NUVOCO VISTA CORP by KRS Charts18th October 2024 / 11:20 AM Why NUVOCO ❓ 1. Although Stock was in Down trend, Recent Dow Theory is in Favour as we can see in Chart. 2. Breakout and Retest and most importantly sustaining the level with new HL. 3. Once fake Buy side Entry with Huge volume is spotted ❗ 4. MACD positive crossover and RSI is near 60 All the Bullish Traits will confirming bullish movement is expected soon with breakout ‼️ Target 484 Rs with SL of 320 Rs.
NSE:NUVOCOLong
by KRSCharts
Nifty 50 Weekly Analysis: Key Levels, Trends As we step into this trading week, the Nifty 50 index presents a mix of both bearish and bullish sentiments, driven by recent market movements and option chain data. Here’s a comprehensive look at the possible scenarios and the trading strategies to consider. 1. Market Overview and Current Sentiment **1-Hour Chart Analysis:** Looking at the 1-hour chart, Nifty 50 has seen a recent pullback after touching highs around 25,333.65. The index faced strong resistance at the 25,252.25 level and has since been in a correction phase, breaking below the 25,000 mark. This downward movement suggests bearish sentiment in the short term, especially after breaking the support level at 25,018.60. The key level to watch on the downside is 24,338.60, which has acted as significant support in the past. **15-Minute Chart Analysis:** The 15-minute chart further confirms the short-term bearish trend. After a sharp drop below 24,900, there is some consolidation seen around the 24,850-24,880 range. However, any inability to move above the 24,988.75 level may continue to attract selling pressure. 2. Key Levels to Watch for the Week Resistance Levels: 25,018.60: Immediate resistance level, where a breakout may indicate a reversal. 25,167.35 - 25,252.25:** Strong resistance zone; crossing above this could change the market sentiment to bullish. - **Support Levels:** - **24,868.50:** Short-term support; a breakdown below could accelerate selling. - **24,338.60:** Critical support zone; breaking below this may suggest a deeper correction. ### **3. Option Chain Analysis and Sentiment** Analyzing the option chain data, we see a higher concentration of Open Interest (OI) in the 25,000-25,200 call strikes, indicating significant resistance and bearish sentiment among the call writers. On the put side, strong support is visible at the 24,500 level with substantial put OI, suggesting that bulls may defend this level. - **Put-Call Ratio (PCR):** The current PCR is moderately bullish but with cautious optimism. Traders should watch for any changes in OI shifts for directional clues. ### **4. Predicted Market Trend for the Week:** - **Short-Term Bias:** Bearish, unless Nifty decisively moves above 25,018.60. - **Long-Term Bias:** Neutral to Bullish, provided key supports hold, especially at 24,338.60. ### **5. Trading Strategies for the Week** - **Intraday/MIS Trades:** - **Bullish Strategy:** Buy above 25,018.60 with a target of 25,167.35 and 25,252.25. Stop Loss at 24,900. - **Bearish Strategy:** Short below 24,850 with a target of 24,750 and 24,600. Stop Loss at 24,988.75. Carryforward Trades: - **Bullish Positional Trade:** Enter long positions if Nifty sustains above 25,252.25, with a target of 25,400 and 25,500. - **Bearish Positional Trade:** Consider shorting if Nifty breaks and sustains below 24,338.60, targeting 24,000. ### **6. Sector Analysis for the Week** - **Banks:** Showing mixed trends; Bank Nifty could remain volatile, so focus on shorting at resistance levels. - **IT Sector:** Seems relatively stable, with some signs of consolidation. Consider buying on dips. - **Auto and FMCG: Showing resilience; long trades are suggested if the market sentiment improves. Conclusion This week, Nifty 50 is at a critical juncture with the potential for both upward and downward movements. Keeping an eye on the key levels and adopting a flexible trading strategy will be essential. Stay cautious and watch for early signs of trend changes, especially in the context of global cues and market sentiment.
NSE:NIFTY
by theithachi
Nifty Bank Index Technical Outlook: Awaiting a BreakoutThe Nifty Bank Index is at a critical juncture, forming a symmetrical triangle pattern on its daily chart. This pattern, characterized by converging lower highs and higher lows, indicates a period of consolidation, with a potential breakout on the horizon. Key Levels to Watch: Support: Ascending trendline from November 2022 Horizontal support around 51,173 Resistance: Triangle’s upper trendline Horizontal resistance near 51,699 Potential Scenarios: Bullish Breakout: A move above the triangle’s upper boundary could lead to a continuation of the bullish trend, targeting levels above 52,500. Bearish Breakout: A drop below the ascending trendline may trigger a decline towards the 50,000 mark or lower. Volume Insight: Recent spikes in volume suggest that a breakout—either up or down—might be imminent. Traders should keep a close watch on these levels for a confirmed move. Conclusion: The Nifty Bank Index is poised for a significant move. A breakout from the symmetrical triangle will likely set the tone for the next major trend.
NSE:BANKNIFTY
by ayusharya_001
1