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NIFTY INTRADAY LEVELS FOR 15TH OCT 2024BUY ABOVE - 25160 SL - 25100 TARGETS - 25230,25280,25340 SELL BELOW - 25050 SL - 25100 TARGETS - 24970,24890,24800 NO TRADE ZONE - 25050 to 25160 Previous Day High - 25160 Previous Day Low - 25050 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 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 14/10/2024BUY ABOVE - 51340 SL - 51160 TARGETS - 51600,51820,51990 SELL BELOW - 50920 SL - 51160 TARGETS - 50600,50300,49930 NO TRADE ZONE - 50920 to 51340 Previous Day High - 51600 Previous Day Low - 50920 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 14/10/2024BUY ABOVE - 25060 SL - 24970 TARGETS - 25120,25180,25230 SELL BELOW - 24970 SL - 25060 TARGETS - 24890,24800,24700 NO TRADE ZONE - 24890 to 24970 Previous Day High - 25050 Previous Day Low - 24890 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 👍
NSE:NIFTY
by Jagadheesh_JP
IPCA Lab - Observing Buy SetupCMP 1361 on 09.08.24 The above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts. MACD is showing a likely crossover too. Possible targets may be 1600/1800 or even more. As long as it sustains above 1300, this setup remains relevant. Decide your exit levels according to your position sizing and risk-management. This illustration is only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:IPCALABLong
by anandlive
2
Indiamart - Keep On WatchCMP - 2930 on 27.09.24 Since January 24, the stock has formed a Cup & Handle-like pattern. It is now retesting the immediate support, which is around 2900-2950. If picks a bullish momentum and gives breakout of C & H pattern. It may go to 3650/ 4100+. However, the breakout level is above 3400 but the current price is a good place for an early entry with a more favorable risk-reward ratio. Considering risk management, one has to choose the entry-level and position size wisely. If the price sustains below 2620, This setup loses significance. Trade wisely and calmly. The above Illustration is only for educational and sharing purposes, not a trading recommendation in any form. All the best.
NSE:INDIAMARTLong
by anandlive
4
COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider: Identifying a Range Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance. Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market. Types of Breakouts Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend. Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend. Confirming the Breakout Volume: A breakout accompanied by high trading volume is more likely to be genuine. Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point. Trading Strategies Entry Point: Enter the trade when the price breaks out of the range with significant volume. Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout. Target: Set a target based on the height of the range added to the breakout point.
NSE:COLPALLong
by Faizgazi
#banknifty - 24th September !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.
NSE:BANKNIFTYLong
by thetradeforecast
Maruti - Range BreakoutCMP 12620 o 20.09.24 The stock has been traveling in a rising wedge pattern since March. In the last few days, it has been consolidating within a particular range. Today showing a breakout of that range. If momentum continues may go to 13050/13300/13700. As far as it seems above 12570. Setup remains active. One should wisely choose the position size and exit levels while considering risk-management. This illustration is only own view for learning and sharing purposes, it is not a trading advice in any form. All the best.
NSE:MARUTILong
by anandlive
5
#BANKNIFTY - 20TH SEPTEMBER Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: - Definition: [i ] 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.
NSE:BANKNIFTYLong
by thetradeforecast
1
CNXIT BULLISH ! 1. Resistance Breakout: - The index has historically faced selling pressure at 38,653 - 38,405 Zone, causing it to reverse or pause its upward movement. - When a stock breaks above a strong resistance level, it means that buying demand has overwhelmed the selling pressure at that price point. This breakout is a positive sign, indicating that the chart may move higher, especially if it is a clean break (i.e., it closes significantly above the resistance level). - The **strength of the breakout** is often measured by the volume of trading activity. If the breakout occurs on **high volume*, it indicates that a large number of market participants are involved, adding credibility to the When a stock breaks through a strong resistance level and retests that level with good volume, it can signal a strong bullish move. Here's a detailed breakdown: 2. Retest of the Resistance Level: - After the breakout, it’s common to see a retest of the previous resistance level, which now acts as a support level. This retest occurs as some traders may take profits, or there may be some temporary selling pressure as the market re-evaluates the new price. - If the stock successfully holds above the previous resistance (now support) on the retest, it confirms that the breakout was valid. This gives bulls (buyers) more confidence that the level will hold and that the stock has further upside potential. 3. Volume Confirmation: - A retest with good volume is essential. If the stock holds the new support on strong volume, it signals that buyers are stepping in to defend the level, further reinforcing the idea that the stock is in a bullish phase. - Conversely, if the retest occurs on low volume, it may indicate a lack of conviction from buyers, and the breakout may be prone to failure. 4. Bullish Expectations: - When a stock breaks out of resistance and successfully retests it with strong volume, the expectation is that the stock will enter a new bullish trend. The prior resistance has now been transformed into a solid base of support, and the stock may experience momentum buying, pushing prices higher. - Traders often see this scenario as a low-risk, high-reward setup. Their stop-loss would typically be placed just below the new support level, while the upside target could be based on previous price patterns, such as Fibonacci extensions or previous highs. 5.Target : - it is on its all-time high targets on fib zones,pivots 0r based on future price action basis. # Summary: - **Breakout of strong resistance Indicates potential for higher prices. - **Retest of resistance as support Confirms strength of the move if support holds. - **Good volume on retest: Adds confidence in the bullish move. - **Bullish expectation Likely continuation of the upward trend. This combination forms a high-probability bullish setup in technical analysis. #cnxit #itsector #nifty
NSE:CNXITLong
by Sateesh07
Sector-Based Analysis: Navigating Today's Market DynamicsTo complement my earlier NIFTY analysis, let's dive into the key sectors and their potential impact on today's market movement. Here’s a quick breakdown of the major indices to watch and how they could influence NIFTY's direction: 1. Banking Sector (BANKNIFTY): Current Level: 51,383.95 (+32.95, +0.06%) Analysis: The banking sector remains mildly positive today, reflecting stability in major financial stocks. Any sustained upward move in BANKNIFTY above 51,400 could provide additional momentum to NIFTY. However, if BANKNIFTY fails to hold above the 51,300 support level, it may trigger some selling pressure on NIFTY as well. 2. Financial Services (CNXFIN): Current Level: 26,706.65 (+68.75, +0.29%) Analysis: The financial services index is showing resilience with a modest uptick. A positive performance in this sector often signals broader market strength. The continuation of buying interest in this index above 26,700 would support a bullish view for NIFTY. 3. Information Technology (CNXIT): Current Level: 42,940.00 (+152.40, +0.36%) Analysis: CNXIT is gaining momentum and is a key driver today. Tech stocks are often considered safer bets, and a rally in this sector could act as a strong tailwind for NIFTY. Watch for a breakout above 43,000 for further bullish confirmation. 4. Auto Sector (CNXAUTO): Current Level: 32,073.60 (-98.90, -0.31%) Analysis: The auto sector is underperforming, with notable weakness visible in several major auto stocks. If CNXAUTO continues to decline, it could create a drag on NIFTY, particularly if other sectors also show signs of fatigue. 5. FMCG (CNXFMCG): Current Level: 66,739.70 (+609.95, +0.95%) Analysis: The FMCG sector is exhibiting strong buying interest and is currently one of the best-performing sectors. Positive movement here might help sustain NIFTY's overall sentiment, especially if consumer demand trends remain favorable. 6. Metals (CNXMET): Current Level: 23,947.05 (-35.90, -0.15%) Analysis: The metal sector is seeing some selling pressure today, possibly due to profit booking after recent gains. Any further downside in CNXMET could weigh on market sentiment, but if it stabilizes above 23,900, it might not have a significant negative impact on NIFTY. 7. Pharma (CNXPHARMA): Current Level: 23,181.70 (-35.90, -0.15%) Analysis: Pharma is relatively flat today. The sector's lack of direction indicates uncertainty among investors. However, if it stays above the 23,150 level, it may provide some support to the overall market. Sector-Wise Conclusion: The Banking, Financial Services, and FMCG sectors are showing positive momentum and are crucial to driving NIFTY higher today. Auto and Metal sectors are underperforming; however, their impact might be mitigated if strength in other sectors persists. Keep a close watch on CNXIT and BANKNIFTY for further clues on market direction. A strong performance in these sectors could be the catalyst needed for NIFTY to break its current resistance. What to Watch Today: A sustained uptrend in BANKNIFTY and CNXIT will be critical for a bullish continuation. Any significant weakness in Auto or Metals could be a red flag for potential profit booking in NIFTY. Monitor the FMCG sector closely; its outperformance could provide stability to the broader market.
NSE:NIFTY
by theithachi
JSW Energy Intraday short-term analysisIn short term period chart create a down trend . We can expect a good down move within 2-3 days. RSI indicate divergency . Price is below the volume. Intraday support level - 680-677 Scenarios: gap up - market open above 710 and wait 15 min for price action and if price goes below 703 then create short position with your Risk Reward. side base - don't take any position between 703-720 gap down - if market open near about 690-703 wait for 5-10 min and make a short position and initial target will 680-677
NSE:JSWENERGYShort
by KaustavHazra
PVR - Positional Long SetupCMP 1349.30 The stock is showing reversal signs in the last few sessions. The logics are indicated on the charts. MACD is also showing reversal signs even on weekly charts. Above all, the risk-reward is pretty good at this point. If gains momentum over 1350, targets may be 1460/1550/1640. If sustains below 1300, that will show weakness on the charts. One has to plan an exit according to risk management. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:PVRINOXLong
by anandlive