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Indianstocksanalysis

Bank Nifty: Tuesday - 06/12/22Important Note : In hourly chart intraday, it is showing a hidden divergence. RSI is keeping the same level 87, which price has made a lower high b/w 9:15 and 2:15 candle highs. So the uptrend will continue, means price shall go up to catch the RSI levels. Levels: Support: 43275, 43000, 72750 Resistance: 43425, 43630, 42900 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43332.95 ATM: 43300 , ITM: 43200, 43100, 43000 , OTM: 43400, 43500, 43600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 43500 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: 42900 ---------------------------------------------------------------------| 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 | > 43500 | 43400 | 43600 | 43700 ----------------------------------------- SELL | < 43000 | 43250 | 42800 | 42700 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
Nifty: Tuesday - 06/12/22Levels: Support: 18675, 18580, 18425 Resistance: 18900, 19000-19050 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18701.05 ATM: 18700 , ITM: 18650, 18600, 18550 , OTM: 18750, 18800, 18850 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data: 19000 Highest OI Put in Nifty per OI data: 18700 Nearest Major Resistance in Nifty per OI data: 18950 Nearest Major Support in Nifty per OI data: 18650 ---------------------------------------------------------------------| 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). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18780 | 18725 | 18850 | 18900 ----------------------------------------- SELL | < 18580 | 18620 | 18525 | 18450 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Nifty: Monday - 05/12/22Levels: Support: 18600 (Very Important, otherwise lower bottom in hourly), 18525, 18440, 18360 Resistance: 18890 (Very important, breaking it means higher high is ready), 18925, 19000, 19050 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18696.1 ATM: 18700 , ITM: 18650, 18600, 18550 , OTM: 18750, 18800, 18850 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data: 19000 Highest OI Put in Nifty per OI data: 18700 Nearest Major Resistance in Nifty per OI data: 18750 Nearest Major Support in Nifty per OI data: 18450 ---------------------------------------------------------------------| 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). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18760 | 18720 | 18850 | 18900 ----------------------------------------- SELL | < 18640 | 18680 | 18550 | 18500 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Bank Nifty: Monday - 05/12/22Levels: Support: 43000, 42700, 43550, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43103.75 ATM: 43100 , ITM: 43000, 42900, 42800 , OTM: 43200, 43300, 43400 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 43000 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: 42700 ---------------------------------------------------------------------| 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 | > 43350 | 43250 | 43500 | 43650 ----------------------------------------- SELL | < 43200 | 43300 | 43000 | 42800 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYShort
by pradipandsuvra
MFSL: Equally Poised in either directional movememtThe NSE:MFSL is showing the previous High High (point #3 in chart) or Higher Low (point #4 in the chart) as the range bounded movement. Potentially the move can happen in any direction. But quite likely it will be in upside only as the volume buildup is positive and increasing. Trade : Both sides ( green color price tags for Long, red color price tags for short ) BUY above 712, SL: 705, T: 715/718 SELL below 697, SL: 702, T: 692/689
NSE:MFSL
by pradipandsuvra
JUBLGFOOD: Short Patten prominentNSE:JUBLFOOD , in hourly chart showing a clear downtrend after breaking one lower lows. Then after making a nice up move upto point 4 in the chart, it unables to break the double-bottoms (1 and 3) W patten. At that time the volume candle was high. So it actually reinforces the downtrend. Lets wait for it to break down the price corresponds to point #3 in the chart (535) and then it will lead to further fall. SL the current consolidation zone (why? - if prices pushes up, it will again go on this purple rectangular consolidation zone). Trade: Sell below 535, SL: 543, T: 530/522/518
NSE:JUBLFOODShort
by pradipandsuvra
Bank Nifty: Friday - 02/12/22Levels: Support: 43000, 42775, 42500, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43260.65 ATM: 43300 , ITM: 43200, 43100, 43000 , OTM: 43400, 43500, 43600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 43300 Highest OI Put in Bank Nifty per IO data: 43200 Nearest Major Resistance in Bank Nifty per OI data: 43700 Nearest Major Support in Bank Nifty per IO data: 42800 ---------------------------------------------------------------------| 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 | > 43350 | 43250 | 43500 | 43650 ----------------------------------------- SELL | < 43200 | 43300 | 43000 | 42800 +++++++++++++++++++++++++++++++++++++++++ Point to be noted: Unlike Nifty, BN RSI is pretty comfortable region.
NSE:BANKNIFTYLong
by pradipandsuvra
NIFTY: Thursday - 01/12/2022When things are in ATH, it's hard to give correct resistance levels. Levels: Support: 18670, 18600, 18530 Resistance: 18800, 18870, 19000 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18758.35 ATM: 18750 , ITM: 18700, 18650, 18600 , OTM: 18800, 18850, 18900 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data: 19000 Highest OI Put in Nifty per OI data: 18600 Nearest Major Resistance in Nifty per OI data: 18950 Nearest Major Support in Nifty per OI data: 18750 ---------------------------------------------------------------------| 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). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18830 | 18790 | 18900 | 19000 ----------------------------------------- SELL | < 18700 | 18750 | 16620 | 18550 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Tilak Nagar Industries Ltd (TI): Double Bottom PattenNSE:TI is showing bullish price actions: Technical Reasons: A double bottom W patten is created Tried to see if it's a Harmonic XABCD patten, not fully complying with this Volume is going up, Current trend is uptrend Strong Momentum: Price above short-, medium- and long-term moving averages Fundamental Reasons: 1. FII / FPI or Institutions increasing their shareholding 2. Negative to Positive growth in Sales and Profit with Strong Price momentum 3. Highest Recovery from 52 Week Low 4. High volume 5. Consistent Highest Return Stocks over Five Years - Nifty500 Trade : Buy above 110, SL: 106, T: 114/117 Sell below: 104, SL: 107, T: 100/97
BSE:TILong
by pradipandsuvra