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Bank Nifty: Tuesday - 25/10/22Levels: Support: 41040, 40810, 40640, 40400 Resistance: 41375, 41630 OI Data: Highest OI Call in Bank Nifty per OI data: 42000 Highest OI Put in Bank Nifty per IO data: 40500 Nearest Major Resistance in Bank Nifty per OI data: 41600 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: For gap up: Wait for the V shape (retesting of 41370). If sustains long with a SL of 41300. For flat open, watch around which level it consolidating (notice the support/resistance levels of above). If drifted higher side to long with a SL of just the below level. If drifted lower side, go short with a SL of the just above level. For gap down: Check which level? 41050/41000 level or 40800 level. Wait for the sustaining of these levels. If it holds the level then you can go Long. If it fails to sustain the level, go short. SL can be placed at the "ATR SL" (check Indicator: ATR Stop Loss Finder in TradingView, by user veryfid).
NSE:BANKNIFTY
by pradipandsuvra
Nifty: Tuesday - 25/10/22Levels: Support: 17600, 17520, 17420 Resistance: 17675, 17795, 17950 OI Data: Highest OI Call in Nifty per OI data: 18000 Highest OI Put in Nifty per OI data: 17500 Nearest Major Resistance in Nifty per OI data: 17950 Nearest Major Support in Nifty per OI data: 17550 Trade setup: For gapup, wait for V pattern (retest of 17780/17790). If sustains, Buy with a SL of 17750. Next major resistance only at 17950 level (both in chart and IO data). For flat open, watch 17720 level for at least ~10 mins (3 3m candles or 2 5m candles). If sustains above, go long with SL of 17700, target can be 17650/17675. If fails, go short with a SL of 17625, target of 17575/17550. If fails to sustain, short with a SL of 17750. Next support is 17670/17600 level. For gapdown: 17675 to be tested. Same logic .. if sustains above, long. If fails to sustain, go for short.
NSE:NIFTY
by pradipandsuvra
CONCOR: Confluence of multiple Bullish PatternsNSE:CONCOR looks extremely bullish in weekly timeframe. And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in. There is a 5 years long monthly trendline shown as the green slanted line Then in weekly it creates a confluence of multiple bullish breakout pattens: W pattern, Cup-and-Handle, Ascending triangle - all points bullishness. COI (Cumulative Open Interest) is showing sufficient long build up in Nov contract. One can put a SL of 690 for a target of 785 and 840 thereadfter. Please note: The bullish buildup seems in the anticipation of the disinvestment.
NSE:CONCORLong
by pradipandsuvra
Anant Raj: Uptrend channelNSE:ANANTRAJ is a perfect Swing Trading opportunity as of now. The chart patten has the following features: It is in an upward trending channel, shown as blue channel in the picture Current price-action is in the upper half of the upward channel. The price-action can be viewed as a Cup and Handle patten also, shown as green color curves with a blue dotted neckline. The neckline corresponds to upper channel. One may argue: It's a Pole and Flag patten. So a potential breakout is possible. Current range: Resistance : 117 Supports : 104, 92. Recommendation : Swing trade inside the channel. The swing ranges are: 92 <-> 104 <-> 117. Breakout above 118. (Check volume also) Breakdown below 92. (Check volume also).
NSE:ANANTRAJ
by pradipandsuvra
GATI: Consolidation with a patten repetition of June'2020NSE:GATI I am seeing few interesting observations: It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020. Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date. It can be viewed as a Pole-and-Flag also, where the price action moves up and then consolidating. We are actually now a consolidation phase. It can be viewed as a W pattern as well (shown as dotted W with a dotted neckline). Support is at 158 level; Resistance is at 190 level. It's presently neutral, consolidating. So neutral as of now.
G
by pradipandsuvra
NSE:Wonderla - I am wondering....where is stock going 🎡 Wonderla Holidays is engaged in the business of Amusement Parks and Resort. KEY POINTS IPO and promoter group Wonderla came up with their IPO in April 2014 to raise 181 cr. which went into funding their upcoming amusement park in Hyderabad, that was operationalized in 2016 . The company was setup by Kochouseph Chittilappilly in 2000, the same promoter group also founded V-guard brand of stabilisers and runs V-Guard Industries/ Amusement Parks Wonderla currently has three operational parks, one each in Kochi, Bengaluru and Hyderabad established in 2000, 2005 and 2016 respectively. The Bengaluru park also has a resort with 4 banquet halls and 84 rooms Average revenues over the last 5 years (FY15 to FY20) have been ~79 cr. in the Kochi park and ~116 cr. in the Bangalore park. As Hyderabad park was operationalized only in FY17, revenues have grown from ~57 cr. in FY17 to ~74 cr. in FY20. Upcoming Parks and expansions A fourth park is being setup in Chennai at a cost of over 300 cr. The company is currently under discussion with the Chennai state government to resolve certain tax issues, after which construction activities will resume. The park has received exemption on entertainment tax for 5 years from the date of commencement of commercial operations or 01-10-2021 (whichever is earlier). Wonderla is also in discussion with the Odisha state government to setup a park in Bhubaneswar on an asset-light model, where land will be taken on lease and the total cost for setting up the park will be ~100 cr. Wonderla also plans to build a resort in Hyderabad similar to the one in Bangalore Revaluation of reserves Land was revalued in FY17 which caused equity reserves to go up from ~346 cr. in FY16 to ~684 cr. in FY17. Miscellaneous - Wonderla manufactures and maintains their rides in-house lowering cost of construction compared to if they were imported - Wonderla spends 8-10% of their revenues in advertisement and sales promotions - Wonderla's business is seasonal in nature with higher footfalls in June and December quarters corresponding to summer break and festive season respectively.
NSE:WONDERLALong
by Peaceful-Weekend-Investing
IndusInd Bank: Weekly chart looks lucrative Note: Weekly Chart: - Rounding Bottom formation completed with 11 months time horizon (blue arch) - Convincingly above long term (3 yrs) downtrend line. (blue solid line) - Cum. Vol delta is positive and in uptrend for last few weeks (below plot) - In a fresh motive Wave-1 in Elliot Wave since July (purple). With a SL of 1150, one can long. For safe trader can create a Bull Call (debit) spread with 1200 CE Buy and 1400 CE Sell (preferably Oct'22 expiry) as it's weekly chart.
NSE:INDUSINDBKLong
by pradipandsuvra
INDIABULLS HOUSING FIN Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
ILong
by Rvkachhadiya
BANK NIFTY Analysis / Observation 40000NSE:BANKNIFTY I strongly believe this is not a breakout , and might be a fake one as NIFTY HASN’T BROKEOUT YET If NIFTY BANK breaks and closes above the parallel channel, then i may re-think about my analysis Here’s a link to my previous Analysis I’m still thinking it may play out, keeping in mind of foreign markets. Watch for breakout and close above the parallel channel and invalidation of H&S. Share if you like it PS: THOSE IS FOR EDUCATIONAL PURPOSE ONLY
NSE:BANKNIFTY
by shudh-hira
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