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Intraday

7th Dec ’23 - Should I change my Nifty stance to neutral?Nifty Today’s Analysis Recap from yesterday: “As an analyst, it is very difficult to predict when the trend will end, but we need to keep looking. For tomorrow, I prefer to continue with the long bias unless we give up the 20853 in the morning session.” 4mts chart link - click here The opening candle was explosive, in line opening with a strong fall. See the depth in RED - you will understand from the chart. I was eagerly waiting for it to cross that 20850 level today but that did not happen. Let us try to analyze why we had such a bold opening candle move. Both BankNifty and NiftyIT had a similar opening, so it was not an isolated issue. Some players might have sold off their winners to go light into tomorrow’s RBI meet or it could be a long unwinding out of fear that the markets will fall today due to the US market handout. From there Nifty climbed back to the 20920 level by 11.03 and then the trade was in a small range till the close. From 14.31 to 14.59. At 13.19, 20850 PE was trading at Rs1.95 when the spot was at 20911 - for me, it appeared damn cheap. Nifty made one more attempt - but it went nowhere. 63mts chart link - click here The last 4 candles of today had perfect “open = close” values. 3 of them were perfect Dojis - look up the textbook for Doji candles, maybe the example quoted there won't match with the real ones of today. Tomorrow’s RBI’s meet @ 10.00 AM is going to be a decider - no level of technical analysis can predict when there is a news flow expected. I wish to maintain my long stance as of now although it's itching to go neutral.
NSE:NIFTYLong
by viswaram
DMART Expected to Bounce from 50 DMAAfter a short term downtrend which was on back of little to no volume, DMART has shown some strength from lower levels and is ready for a bounce till previous swing. The overall market is also oversold and needs to stabilize a bit before moving again. DMART has formed a good candle with long tail and strong volume to back it up. The same thing happend after 3rd Oct candle too. Stop Loss: SL should be below 3,600 Entry: Entries can be made at the open right away Target: 3,900+
NSE:DMARTLong
by ST_SNOOPY
Intraday 26 April_ Colgate Palmolive_ LONGIntraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy/Sell order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Trade should be cancelled if not executed between 9:15 AM till 10 AM. It won't be re-entered. Entry: 1515.45 SL: 1510 Target: 1526/27 Disclaimer: The analysis or trade setup is of my own. Please do your own analysis before jumping into the trade. I shall not be responsible for the profit/loss in either way.
NSE:COLPALLong
by UnknownUnicorn7637383
1
Intraday 26 April_ GAIL_ LONGIntraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy/Sell order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Entry: 130.3 SL: 128.4 Target: 134.1 Disclaimer: The analysis or trade setup is of my own. Please do your own analysis before jumping into the trade. I shall not be responsible for the profit/loss in either way.
NSE:GAILLong
by UnknownUnicorn7637383
1
Intraday 26 April_ Tech Mahindra_ SHORTIntraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy/Sell order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Entry: 947.85 SL: 953.75 Target: 936 Disclaimer: The analysis or trade setup is of my own. Please do your own analysis before jumping into the trade. I shall not be responsible for the profit/loss in either way.
NSE:TECHMShort
by UnknownUnicorn7637383
1
Intraday 26 April_ Ceat Tires_ LONGIntraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Entry: 1449 SL: 1434 Target: 1479 Disclaimer: The analysis or trade setup is of my own. Please do your own analysis before jumping into the trade. I shall not be responsible for the profit/loss in either way.
NSE:CEATLTDLong
by UnknownUnicorn7637383
3
#HCC long trade idea setup 22/11/23Greetings Folks, today I have prepared a setup of HCC on NSE the analysis is as follows- - the price is on a good bullish trend with efficient price action - price is currently forming a triangle pattern - the trendline has been tested 3 times earlier - the price also tried to break out the equal high static resistance but failed with a wick only - now if momentum and volume adds up, the price can break past this resistance don't play with fire, always use a predefined stoploss
NSE:HCCLong
by profitpujari
1
Aarti Ind - What happens next?It is clear from the chart that the price is near the breakout level of the rectangular channel. My setup is to see it bearish. But have to exit if sustains above 540. The risk reward is also good in this setup. Targets are mentioned on the chart. ( If works) The setup is valid only if it sustains below 540. It is only for learning and understanding purposes, not a piece of trading advice in any form. All the best. Try to maintain patience and calmness while trading, if you consider it to be for the long term.
NSE:AARTIINDShort
by anandlive
5
#IDFC long trade idea setup (counter trend) 18/11/23Greetings Folks, today I have prepared a setup of IDFC on NSE the analysis is as follows- - the price faced a sudden downfall due to the RBI negative news - price broke down the trendline support and has swept all the liquidity from the trendline swept the liquidity in easy language means sucking the power of trendline and now its baseless - price has made a huge imbalance which needs to be covered quickly for efficient price action - take profit is mentioned, don't be greedy as we are counter trend trading don't play with fire, always use a predefined stoploss
NSE:IDFCFIRSTBLong
by profitpujari
1
#YESBANK long trade idea setup 17/11/23Greetings Folks, today I have prepared a setup of YESBANK on NSE the analysis is as follows- -the price recently broke out of a series of equal highs - we are now waiting for a suitable retracement for the trade - 2 possible support zones, first one is weak and unreliable but it can work out because the stock is accompanied with good volume - the latter support zone is safer and new traders should use this zone don't play with fire, always use a predefined stoploss
NSE:YESBANKLong
by profitpujari
16th Nov ’23 Nifty Postmortem - Almost breaks 19776 resistanceNifty Weekly Expiry Analysis Between the last expiry and today, Nifty50 has gained 359pts ~ 1.85% and broken 2 important resistance levels. We almost took out the 19776 resistance today but for a strong red candle @ 14.15. Nifty Today Analysis Recap from yesterday: “On the 1hr chart, the next target to break will be 19776 which is just 100pts away. Something that is easily possible if SPX holds its ground today. Since most of the market participants are long-only, any upsurge will sweep in more market participants.” Nifty opened inline and then was steaming ahead, As we discussed yesterday it took out the 19776 with so much ease. The 3 5mts candles between 11.00 to 11.10 showed how the momentum picked up right before the resistance zone which kind of indicated that the rally was not going to slow down. By 13.55 we picked up more pace, quite visible by the FII participation on the BUY side. We hit an intraday high of 19875 by 14.45 and then something unplanned happened. We dropped 153pts in the 25 minutes, we will explain that in detail during the BankNifty Analysis below. On the 1hr chart, we closed slightly below 19776, the 14.15 hourly candle is well-lit like a beacon. I am still continuing my bullish stance in the hopes that 19776 will get taken out during the forenoon session tomorrow. If not, I will be changing my stance to neutral and will update it via tradingview minds.
NSE:NIFTYLong
by viswaram
#USOIL intraday long trade setup Greetings Folks, today I have prepared a setup of USOIL on TVC the analysis is as follows- -the price currently broke out of a range of equal highs, this is a good sign of bullish momentum - the price is retracing right now, either it can take support from the 50% of retracement or respect the support zone i mentioned in chart - the safer trade would be the latter one, i have marked the take profits also or you can also use pivot point indicator for exit don't play with fire, always use a predefined stoploss
TVC:USOILLong
by profitpujari
#SUZLON LONG TRADE IDEA SETUPGreetings Folks, today I have prepared a setup of SUZLON on NSE the analysis is as follows- -the price recently broke out of a bullish pattern - its currently respecting a static resistance, which will get break in next trading day - The price respected the previous high as a resistance, price is building up momentum to break past it - either trade the breakout of high or when price submits to a support zone of BSL as mentioned or the trendline support don't play with fire, always use a predefined stoploss
NSE:SUZLONLong
by profitpujari