BANKNIFTY LEVELS FOR 18-09-2023 AND UPCOMING SESSIONIndex Facing Problem in holding the upper position and now Premium decaying is going on.
Major Levels given on Chart ...on profit booking we will enter PUTS
Safe Can Sell CE on Upper Side
:)
Intraday
NIFTY INTRADAY LEVELS FOR 18/09/2023 (HAPPY GANESH CHATHURTHI)" HAPPY GANESH CHATHURTHI "
" MAY THIS GANESH CHATHURTHI REMOVE ALL YOUR HURDLES BRING YOU PROFITS "
BUY - 20200
SL - 20170
TARGETS - 20280,20380,20470
SELL - 20140
SL - 20170
TARGETS - 20110,20040,19950
NO TRADE ZONE - 20140 to 20200
Previous Day High - 20222
Previous Day Low - 20134
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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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.
Please NOTE: this levels are for intraday trading only.
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Ultratech - Towards 9000 ?As you can see the stock is traveling in a range that is forming a rising parallel channel. If does not breach the lower side of the channel, we can anticipate the price to move up to 9000.
This setup fails for the time if the price breaks down of the lower channel support.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Falling Wedge Pattern breakout in ICICIPRULIicici prudential life insurance company
Key highlights: 💡⚡
✅On 1Week Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 785+.
✅Can Go Long in this stock by placing a stop loss below 430-.
Triangle Pattern Reversal in BATAINDIABATA INDIA LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 1730+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 1875+.
📊 Can Go Long in this stock by placing stop loss below 1615- or last swing Low.
Ascending Triangle Pattern Reversal in EICHERMOTEICHER MOTORS LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Ascending Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 3460+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 3740+.
📊 Can Go Long in this stock by placing stop loss below 3255- or last swing Low.
Bullish Flag pattern breakout in LTTSL&T TECHNOLOGY SERVICES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 5040+.
✅Can Go Long in this stock by placing a stop loss below 4575-.
Gold/XAUUSD Daily Analysis for TradingGold Daily Analysis Made here for better understanding to traders..
Trade Wisely for Intraday/ Short term trades..
All the Best
Stay Blessed..
13 Sep ’23 Post Mortem on Nifty - Cautiously BullishNifty Analysis
Recap from yesterday: “I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow — I wish to go short (bearish).” . I did not get into any new long position in Nifty, in fact I rolled up the PE to 19900 from 19800.
The rally momentum is not lost, its just that we had a blip yesterday. Seems like Moneycontrol got the reason for the huge cut on Midcaps and Small caps yesterday - Talk of basket selling by European financial services firm fuels meltdown in mid, small-caps
Nifty50 rallied 0.7% ~ 139pts vs Midcap +0.12% & SmallCap +1.02%. Has some money rotated and re-entered the large caps? The reason I did not go long today - The swing high of 20110 still not taken out. Meanwhile its still a win for the bulls as the final close is above 20000 levels.
On the 1hr chart Nifty50 is looking all the more positive and raring to go. I too wish to go long with downside protection via PUTS. The swings in options prices were crazy and the volume of put writing was intense suggesting more traders are betting on the bullish side. I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.
NIFTY INTRADAY LEVELS 13-09-2023Sharp Fall from New High..... Will Nifty Sustain above 20k again ...Let See...Important Levels Given on Chart and on Breaking Crucial Level We Will enter into that direction. For time being Sell Option for Both Side CE/PE
:)
Britannia - Positional setupA double-bottom setup is spotted on the charts.
All levels are mentioned on the charts. A small bounce-back is anticipated until the support around 4450 is not broken.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
INTRADAY TRADE FOR TOMORROW If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
Timken, BOOM BOOMTimken is in the process of forming a cup and handle pattern, and this is a positional call. I've identified it at a support level, and I expect it to reach the target within 2-3 months. 📈🕒
INTRADAY TRADE FOR TOMORROW If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
INTRADAY TRADE FOR TOMORROW If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
Long setupSeems like formed a double bottom pattern on the charts. If momentum continues and the price goes above 1922-23, there may be a breakout. Further targets may be 1931/1941 to 1948.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 Level. And this rally can extend for another 400 points if it gives breakout of 45550 level. Any Major downside only expected in case banknifty starts trading below 44950 level.
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.
INTRADAY TRADE FOR TOMORROW If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
Info Edge - Long OpportunityAs shown on the charts, the stock has been forming a rising wedge pattern for quite some time. This time, trading at the lower levels. if bounces, may be bullish for some time.
MACD also shows a possible crossover.
The Setup fails if sustains below 4140 for two days.
The important thing at this point is a good risk-reward ratio.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Uptrend Channel pattern breakout in HEROMOTOCOHERO MOTOCORP LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3115+.
✅Can Go Long in this stock by placing a stop loss below 2975-.
Apple - Low Risk SetupLevels are mentioned on the charts. As long as it sustains above 175.50, chances of going to 181 or 186 are there. Should retest the breakdown levels.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best for your trading journeys.
SRF - Low Risk SetupThe stock has taken support at the shown trendline third time in the last year. If bounces back again, it can be a good opportunity with a good risk-reward setup.
If goes bullish, humble targets may be 2350/2470. Sustaining below 2130 will weaken the strength.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
