PPL PHARMA - Swing Trade - 22nd January #stocksPPL PHARMA (1D TF) - Swing Trade Analysis given on 22nd Jan, 2024
Pattern: RECTANGLE BOX
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PPLPHARMA
Indianstockmarketanalysis
MEDPLUS Episodic Pivot Trade IdeaMEDPLUS had an episodic pivot and gave a good retracement near its previous support and now is clearly respecting its 50 day moving average which is a clear indicator of strength in the scrip. Good opportunity to go long.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Nifty: Monday - 06/02/23Levels:
Support: 17775, 17675, 17500-17450
Resistance: 17850, 17950-18000, 18090, 18175
OI Data:
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Nifty => Price: 17854.05
ATM: 17850 , ITM: 17800, 17750, 17700 , OTM: 17900, 17950, 18000
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Highest OI Call in Nifty per OI data: 18000
Highest OI Put in Nifty per OI data: 17600
Nearest Major Resistance in Nifty per OI data: 17950
Nearest Major Support in Nifty per OI data: 17850
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Trade setup:
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Trade | Level | SL | T1 | T2
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BUY | > 17900 | 17850 | 18000 | 18080
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SELL | < 17800 | 17850| 17700 | 17600
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AllSec Tecnologies: TK Crossover in hourly chartAs per Ichimoku trading strategy NSE:ALLSEC achieved a T-K crossover in hourly chart.
It's bullish because of:
Price above the Ichimoku cloud
TK Crossover
Leading Span green, upward
Lagging span above price and free
Buy with a SL of 562 for a target of 590/600 (positional).
FinNifty: Tuesday - 20/11/22Levels:
Support: 19200, 19065-19025
Resistance: 19330-19370, 19400, 19480-19500
Trade Setup:
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Trade | Level | SL | T1 | T2
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BUY | > 19350 | 19300 | 19400 | 19475
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SELL | < 19250 | 19300 | 19200 | 19100
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Bank Nifty: Tuesday - 20/12/22Levels:
Support: 43375, 43175, 43000, 42775
Resistance: 43650, 43850, 44000, 44150
OI Data:
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Bank Nifty => Price: 43413.75
ATM: 43400 , ITM: 43300, 43200, 43100 , OTM: 43500, 43600, 43700
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Highest OI Call in Bank Nifty per OI data: 44000
Highest OI Put in Bank Nifty per IO data: 43000
Nearest Major Resistance in Bank Nifty per OI data: 43700
Nearest Major Support in Bank Nifty per IO data: 43100
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Trade setup:
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Trade | Level | SL | T1 | T2
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BUY | > 43500 | 43400 | 43700 | 43800
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SELL | < 43300 | 43400 | 43100 | 43000
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BAJAJHind: Breakout Ready with Very High VolumePlease have a look at the NSE:BAJAJHIND . It has such a Very Big Volume spike with the RSI is shooting the roof.
And it is just crossed the big-time resistance with a marubozu candle (actually upper circuit in Friday).
With a few months of holding it can double the investment.
Nifty Pharma Index: Head and Shoulder formationIn NSE:CNXPHARMA an Head and Shoulder pattern is seen.
The current price of 12775 is the neckline.
Trade :
You can not trade in Nifty Pharma. But you can in PHARMABEES ETF.
Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940
Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750
Bank Nifty: Friday - 09/12/22Levels:
Support: 43525, 43400, 43250, 43080
Resistance: 43700, 43800
OI Data:
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Bank Nifty => Price: 43596.85
ATM: 43600 , ITM: 43500, 43400, 43300 , OTM: 43700, 43800, 43900
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Highest OI Call in Bank Nifty per OI data: 43600
Highest OI Put in Bank Nifty per IO data: 43500
Nearest Major Resistance in Bank Nifty per OI data: 43900
Nearest Major Support in Bank Nifty per IO data: 43100
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Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
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Trade | Level | SL | T1 | T2
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BUY | > 43650 | 43580 | 43850 | 44000
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SELL | < 43500 | 43600 | 43350 | 43200
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FinNifty: Tuesday - 06/12/22Levels:
Support: 19200, 19160, 19080, 18975
Resistance: 19340, 19475.
Trade Setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
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Trade | Level | SL | T1 | T2
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BUY | > 19350 | 19280 | 19425 | 19575
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SELL | < 19200 | 19240 | 19100 | 19000
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Nifty: Friday - 02/12/22Levels:
Support: 18775, 18725, 18675, 18600
Resistance: 18880, 18960, 19000
OI Data:
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Nifty => Price: 18812.5
ATM: 18800 , ITM: 18750, 18700, 18650 , OTM: 18850, 18900, 18950
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Highest OI Call in Nifty per OI data: 18900
Highest OI Put in Nifty per OI data: 18800
Nearest Major Resistance in Nifty per OI data: 19050
Nearest Major Support in Nifty per OI data: 18650
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Trade setup:
1. If Nifty Opens up more than 200 points, safely sell.
2. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance).
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Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18850 | 18800 | 18950 | 19000
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SELL | < 18780 | 18830 | 18650 | 18600
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Point to be noted: RSI is overbought and moved it head to below 70. Cautious please. (Hence I am putting as Short).
Bank Nifty: Thursday - 01/12/22Levels:
Support: 43000, 42775, 42500, 42350
Resistance: 43350, 43630, 44000
OI Data:
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Bank Nifty => Price: 43231
ATM: 43200 , ITM: 43100, 43000, 42900 , OTM: 43300, 43400, 43500
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Highest OI Call in Bank Nifty per OI data: 44000
Highest OI Put in Bank Nifty per IO data: 43000
Nearest Major Resistance in Bank Nifty per OI data: 43600
Nearest Major Support in Bank Nifty per IO data: 42800
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Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 43400 | 43300 | 43500 | 43600
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SELL | < 42950 | 43050 | 42750 | 42600
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PCBL: Rounding Bottom BreakoutNSE:PCBL is showing the following bullish patterns:
A rounding bottom formation (saucer pattern)
The current price action is negotiating a long term resistance, about to breakout.
Volume is double than the average volume for last two sessions
The price is above the adaptive moving average and in uptrending
Trade: Buy above 144, SL: 140, T: 147/152
Sell below: 138, SL: 141, T: 135/130
Jindal Photo: Rounding Bottom BreakoutNSE:JINDALPHOT has a nice, copy-book rounding bottom formation.
It has the following properties in the chart:
A perfect Rounding Bottom formation.
A perfect ascending triangle formation.
Buy above 420 with a SL to the neckline of the rounding bottom (i.e. 400). Below that the SL can be revised to 394.
TATAPOWER BreakoutHello !!
Welcome to the update for TATA POWER for long-term holding. After consolidating for around 5 months, TATA Power broke out of the channel and is currently retesting the resistance turned support. It can show a potential rally of around 40% from here. The expected entry range should be between Rs 248 to Rs 259. The target is expected to reach around Rs 360+ within a few days.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.