Intraday
Bank Nifty | 2 Dec’24 Bank nifty broke 51750 intraday today.
Bearish setup with lower Highs as shown in chart.
It will be short setup either below 51750 or near 51850 with SL of 51950 for target of 51500 and below in 1-2 sessions.
Disclaimer : This is for entertainment / Educational purpose. Not a buy sell recommendation.
Marico | Bullish SetupMarico chances of moving 5% in coming days.
Back to back green candle
Increasing volume
Strong RSI
Sustain Above 650 might give 3-5% returns in 2-3 days.
Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.
Nifty Hourly View | Nov ExpiryNifty seems to be in corrective wave abc of B.
Price action making a complex structure. Price might oscillate between 24500-24000 supply and demand zone as shown in chart.
Directional move possible only above or below zones shown.
More price action can confirm the move. For intraday setup, shown a 15 min chart image.
HAL 28Nov | HourlyHAL is in bullish setup
Higher High Higher Low
Leading Diagonal Formation
Alert: MACD divergence
Previous day high can be a good entry for 4534-50-84 SL 4435
Disclaimer: Not Buy/Sell recommendation or advice. Just for educational/entertainment purpose.
For any market related decisions contact your financials advisor.
TorrntPharma Intraday 26 NovBullish setup with HH HL and trading above all EMA 13-48 on 5 and 15 min timeframe.
Long on Yesterday high with SL today day low for 1% gains min as target 1 and then trailing with 13 ema.
Only Long above yesterday high break of 5 min. If today low break first trade invalid.
Disclaimer: Only for entertainment purposes, not an investment advice.
Birlasoft - Positional setupCMP 599 on 12.10.24
A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too.
The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio.
Immediate targets seem 670, 710, and 740.
The setup fails if the price sustains below 550-540 levels.
Position size should be following risk management.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
Havells - Low Risk IdeaCMP 1614 on 05.11.24
The chart is self-explanatory. Since 2021, the blue-colored parallel channel has been turned into a support ( if works like ). If the price bounces back from the support, may go into a bullish phase. targets may be 1700/1800/1900.
MACD histogram also shows some reversal.
The setup goes weak if sustains below 1550.
Keep your position size according to the stop loss and your trading strategy.
All this illustration is my own view, only for learning and sharing purposes, not a trading recommendation in any form.
All the best.
Bank Nifty View l Hourly l 25 NovBANKNIFTY sustained above 50700 and moved till 51200. Expecting bullish move on Monday as explained in green box in chart.
Bearish only below 50508.
For any doubts or any other stock view, comment below.
Support for motivation to keep posting views.
Disclaimer: The information disclosed here is for entertainment purposes only; it does not constitute investment advice. It cannot replace professional investment advice.
Banknifty forecast 21-22 Nov’22 l Elliott waveBanknifty can have two possible scenarios. It is in correction of 5 wave while in 4 of 5.
4 looks completed and we are in last leg then temporary pause of fall expected.
Red : most likely scenerio. Below 50300 we are short for impulse down 💰💰
Green: less likely but we are still in wave 4 it will tests our patience should move very slow up towards 50900-51000.
Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.
Analysis of intraday,intraweek Moving average stocks 19/Nov/2024Analysis of intraday, intraweek Moving average stocks 19/Nov/2024
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#BANKNIFTY - 6TH NOVEMBER Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
Ps note : I'm not a SEBI Registere.
BANK NIFTY INTRADAY LEVELS FOR 21/10/2024BUY ABOVE - 52220
SL - 51990
TARGETS - 52400,52600,52800
SELL BELOW - 51990
SL - 52220
TARGETS - 51820,51600,51380
NO TRADE ZONE - 51990 to 52220
Previous Day High - 52220
Previous Day Low - 51160
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 21/10/2024BUY ABOVE - 24890
SL - 24800
TARGETS - 24950,25020,25100
SELL BELOW - 24800
SL - 24890
TARGETS - 24700,24600,24530
NO TRADE ZONE - 24800 to 24890
Previous Day High - 24890
Previous Day Low - 24600
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY going up or down from here?NIFTY is standing at crucial point. Here are two possibilities that will decide further move of NIFTY.
1. If price breaks down to 24548.65 level, it will be confirmed that wave C of Zig-zag has started and this move will go minimum up to 24255.75.
2. If price takes support near 24635 (or just say, reverses from anywhere without touching 24548.65) it will be considered that wave B of Zig-zag is still under formation. In this case NIFTY may show some up move upto 25299, and 25485.85.