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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
Nifty View 06-08-2024NSE:NIFTY Nifty has rebounded from 23,890 to 24,350, a gain of approximately 450 points. However, upon applying the Fibonacci retracement from 25,078 to 23,893, we observe that the 0.38 Fibonacci level coincides with the 24,350 zone. Notably, Nifty encountered selling pressure once again at this level. The market is currently experiencing significant selling pressure and a general sense of weakness. At present, there are two potential outcomes. 1. If Nifty decisively close below the 23890 zone, we can anticipate a potential decline towards the 23200 level in the near future. 2. In the event that the Nifty holds the 23890 zone and establishes a double bottom formation, there is a possibility of a market reversal or a range-bound movement between the 24400 and 23900 zones. Always respect SL & position sizing =================== Trade Secrets By Pratik =================== Disclaimer Not SEBI REGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take on basis of our research
NSE:NIFTY
by Trade_Secrets_By_Pratik
MARKET CRASHNSE:NIFTY TVC:DJI US market 1929 vs 2024 Is it just coincidence or is history going to repeat itself ?? Great Depression, was a worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Similarities and differences between the microeconomic conditions during the start of the 1929 market crash and those in 2024. Similarities Credit Expansion and Financial Innovation: 1929: The 1920s saw significant credit expansion, with many Americans buying stocks on margin (borrowing money to buy stocks), leading to inflated stock prices. 2024: Similarly, the 2020s have seen rapid credit expansion globally, with innovations in financial products and increased borrowing, contributing to elevated asset prices1. High Leverage: 1929: High leverage was prevalent, particularly in the stock market, where investors borrowed heavily to invest. 2024: High leverage is also a concern today, not just in stock markets but across various sectors, including real estate and corporate debt1. Financial Sector Vulnerabilities: 1929: The financial sector was vulnerable due to speculative investments and lack of regulation, leading to bank failures. 2024: Today’s financial sector, while more regulated, still faces vulnerabilities from high leverage and interconnected global markets1. Economic Contraction: 1929: The U.S. experienced a severe economic contraction, leading to the Great Depression. 2024: There are concerns about economic contraction due to various factors, including high inflation, geopolitical tensions, and slowing growth in major economies. Differences Policy Responses: 1929: The policy response was slow and inadequate. The Federal Reserve’s actions were limited, and there was a lack of coordinated fiscal policy. 2024: Today’s policy responses are much more proactive. Central banks and governments have implemented significant monetary and fiscal measures to stabilize economies. Globalization: 1929: The global economy was less interconnected, with the U.S. being the primary driver of the economic downturn. 2024: The global economy is highly interconnected, meaning economic issues in one region can quickly spread to others. This interconnectedness also allows for coordinated policy responses. Technological Advancements: 1929: Technological advancements were limited, affecting communication and the speed of economic activities. 2024: Technological advancements have transformed economies, enabling faster communication, better data analysis, and more efficient markets1. Regulatory Environment: 1929: There was minimal regulation of financial markets, contributing to speculative bubbles and bank failures. 2024: The regulatory environment is much stricter, with measures in place to prevent excessive risk-taking and ensure financial stability. Conclusion While there are some striking similarities between the microeconomic conditions of 1929 and 2024, particularly in terms of credit expansion, high leverage, and financial sector vulnerabilities, the differences in policy responses, globalization, technological advancements, and regulatory environments are significant. These differences suggest that while there are risks, the tools available to manage economic downturns are more robust today. ======================== Trade Secrets By Pratik ======================== Disclaimer NOT SEBI REGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take on the basis of our research.
TVC:DJI
by Trade_Secrets_By_Pratik
7
Ambika Cotton Mills Ltd | A Trending sectorAmbika Cotton Mills Ltd | A Trending sector Ambika Cotton Mills is engaged in manufacturing and selling specialty cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics. Market Cap =₹ 1,014 Cr. ROCE=20.7 % ROE=14.5 % Debt to equity=0.00 Promoter holding =50.2 % Profit Var 3Yrs=28.9 % Sales growth 3Years=10.8 % Return on assets=12.4 % company s almost debt free and having good sales and profit growth. chart shows rounding bottom and consolidation period over . its time to up move in momentum side. friends I am not SEBI registered analysis. this is just education purpose only. before investing please do your research. if you like my simple way to teach technical and fundamental analysis than like boost and follow for more. thanks for supporting me.
NSE:AMBIKCOLong
by Momentuminvesting5540