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Indianstocks

Bank Nifty - Daily analysisAfter four trading sessions, the Bank Nifty found support at the 44,400 level and concluded the day on a positive note. For the Bank Nifty to sustain this momentum, it will be essential to overcome the resistance at the 45,000 level. Failing to breach this level could lead to a retest of support at 44,400. Given the prevailing weak global cues, there is a notable probability of a downward movement, potentially reaching support levels between 43,400 and 43,800. Should the current support level fail to hold, it could result in a significant Nifty drawdown, possibly in the range of -1% to -2%.
NSE:BANKNIFTYShort
by tradeGambler
JINDAL PHOTO - VCP breakout incomingJINDAL PHOTO has formed a VCP pattern after a good impulse move, after a good time correction, I think it is ready to move again, also all holding companies such as #JSWHL, #PILANIINVS, #NSIL, #BFINVEST are showing good strength and are near their all time high pivot zone. Do look at these names. Ideal Stoploss is 330. *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.
NSE:JINDALPHOTLong
by nishant_bhatt
NBCC looks all set for Big Gains.Hey guys I hope you all are doing well, making insane amount of profits. Check out this chart for NBCC! It's like a cool artwork with a symmetrical pattern. So, for the past 5 years, it was consolidating in a beautiful range, symmetrical tringle pattern. Where initially it has dropped by around 60%, but then it bounced back and started making slightly lower highs and also higher lows. There is another important line between support and resistance where price has been dancing around this multiple times. And guess what? On the last trading day, it made a big 8% jump and even broke through two trend lines. If this good vibe keeps going and it stays above those lines, it might be a good time to jump in. We will go bit longer as it has historical evidence to go much higher level if waited patiently. Note- It is not at all a recommendation, Please do your due diligence before investing.
NSE:NBCCLong
by BullishLine
Bank Nifty Daily analysis - 1D chartThe Bank Nifty has found strong support at the 45,000 level and is making its way toward the 46,000 range, indicating an upward trend in the Indian market. If the Bank Nifty continues to exhibit strength over the next two to three trading sessions, it could drive the Nifty index to reach new all-time highs, accompanied by increased trading volumes and solid support. However, there is a significant concern looming over this market rally, and that pertains to the decreasing value of the Indian Rupee compared to the US Dollar. Presently, the Rupee is trading approximately 0.5% lower than its historical highs, potentially leading foreign institutional investors (FIIs) to consider booking their profits. If the US Dollar continues to appreciate, and market volatility (VIX) remains low, any sudden downward movement could spell trouble for the market, potentially disrupting overall market sentiment.
NSE:BANKNIFTYLong
by tradeGambler