NIFTY VIEWNSE:NIFTY
NIFTY is giving Breakout
BUT IF THIS BO FAILS THEN WE CAN WITNESS QUICK FALL IN MARKET
Good to keep on the radar
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 the basis of our research.
Intraday
Nifty Analysis for Monday 29 July 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000.
So I am providing highest probability intraday setup in Nifty50
My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce.
If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
Rising Wedge pattern breakout in METROPOLISMETROPOLIS HEALTHCARE LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Rising Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2410+.
✅Can Go Long in this Stock by placing a stop loss below 2034-.
Ujjivan Small Finance bank good to study NSE:UJJIVANSFB
Its on Near to support of FIB ZONE
Good to keep on the radar
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.
KRBL Good to keep on RadarNSE:KRBL
Its on the verge of new Breakout
Good to keep on the radar
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.
BDL On the verge of BreakoutNSE:BDL
Good to keep on the radar
As its on the verge of new breakout of Flag n pole
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.
NCC looking good for Short term investment; 20% ReturnFundamentally good stock,
Good For short term investment in cash market'.
Leave a " Like If you agree ".👍
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Entry: 335/ 321
target: 342- 355- 393 - 400
sl: 321
major stoploss / support: 311
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Enter only after breaking & close above " Yellow box " mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer old ideas attached below
Follow for regular updates👍
Bank Nifty 03/07/2024Scenario 1:
If Open Drive is Gap Up: If Price will test the Level @ 52420 to 52470.
The Price May Reject @ This level (52420 - 470) and Expected to Fall Till 51995 to 51838.
51838 Is the Major Support Level.
It is very Hard to price Break this level.
Scenario 2:
If Open Drive is Gap Down : If Price will test the Level @ 51995 to 51837.
The Price May Reject @ This level (51995 - 51837) and Expected to rally Till 52420.
Bank Nifty 02/07/2024If Price rejects @ 52716, Bank Nifty will test 52168 . If the zone Breaks , Then it will test Secondary Buying Zone level of 52046.
Once it is tested the Zone 52046, there is buying Opportunity in intraday.
Expected both Bear and Bull Market on 02/07/2024 as explained in the market
XAUUSD - Positional Short SetupCMP - 2326.41 on 30.06.24
The price movement in recent sessions is analyzed on the chart. If it does not cross and sustain above the 2340-50 levels, this setup remains valid with a short view.
Possible targets may be 2280/2200.
The setup becomes invalid if the price sustains above 2350 for a couple of days.
One has to choose the position size following risk management. Always think about the exit/stop loss while entering into a trade.
This illustration is only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Dalmia Bharat - Double Bottom Chart PatternThe "Double Bottom" pattern is a bullish reversal chart pattern that suggests the end of a downtrend and the beginning of an uptrend. When observed in Dalmia Bharat's stock chart, this pattern indicates a potential increase in the stock's price. It took almost 2 months to complete the pattern.
Key Characteristics:
Shape: The pattern consists of two distinct troughs at approximately the same price level 1700, resembling a "W" shape.
Neckline: The highest point between the two bottoms forms the "neckline." A breakout above this level confirms the pattern.
Volume: Volume often decreases during the formation of the pattern and increases on the breakout above the neckline, confirming the bullish reversal.
Current Scenario for Dalmia Bharat:
Breakout: Dalmia Bharat's stock has already broken out above the neckline, indicating a confirmed bullish reversal.
Retest: The stock is currently retesting the neckline, a common occurrence where the price returns to the breakout level to test its new support.
Implications:
Market Sentiment: The successful retest of the neckline can strengthen the bullish sentiment, suggesting that the previous resistance level has now become support.
Entry Point: The retest provides an opportunity for investors to enter a long position at a potentially lower risk, as the new support level is confirmed.
Target Price: The target price can often be estimated by measuring the distance from the bottoms to the neckline and projecting it upward from the breakout point. Target level 2000 - 2050
Example:
If Dalmia Bharat's double bottom pattern had bottoms at ₹1,700 and a neckline at ₹1,850, the distance is ₹150. Following the breakout, the target price could be around ₹2,000 (₹1,850 + ₹150).
In summary, the double bottom pattern in Dalmia Bharat suggests a bullish reversal, and the current retest of the neckline is a critical juncture. If the retest holds, it may present a favorable entry point for investors, reinforcing the likelihood of an upward trend.
Regards
Arvind Yadav. Cfa
Arvind Share Academy
Reversal Double Top Pattern in BIOCONBIOCON LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame stock Showing Reversal of Double Top Pattern.
📈 It can give movement upto the Reversal Final target of Below 326-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stocks can gives strong downside rally upto below 303-.
📈 Can Go short in this stocks by placing a stop loss Above 365+.
#NIFTY Intraday Support and Resistance Levels -21/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23610 level and then possible upside rally up to 23730 level in today's session. in case nifty trades below 23560 level then the downside target can go up to the 23440 level.
#NIFTY Intraday Support and Resistance Levels -14/06/2024Nifty will be FLAT opening in today's session. After opening nifty start trading above 23440 level and then possible upside rally up to 23560 in today's session. in case nifty trades below 23380 level then the downside target can go up to the 23260 level.
Bullish Flag pattern breakout in BSOFTBIRLASOFT (INDIA) LTD
Key highlights: 💡⚡
✅On 1 Hour 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 763+.
✅Can Go Long in this Stock by placing a stop loss below 670-.
Avanti Feeds Ltd | Momentum pattern BOAvanti Feeds Ltd | Momentum pattern BO
Avanti Feeds is a leading provider of high quality shrimp feed, best technical support to the farmer and caters to the quality standards of global shrimp customers
Financial :strong
Market Cap = 7,554 Cr. ROCE =18.3 % ROE = 13.4 %
Debt to equity = 0.00 Promoter holding = 43.3 %
Quick ratio = 3.84 Current ratio = 5.52 Piotroski score =8.00
Profit Var 3Yrs = -7.62 % Sales growth 3Years = 7.32 % Return on assets = 11.4 %
this is pure symmetrical triangle pattern break out with large volume.
as well as RSI also shows in full momentum zone .
you should watch this stock for long term.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Thanks and comment freely
PNB, Intraday View for 10-JuneThe price is trading in the compression zone or in the neutral zone.
For intraday the levels of S1-122 and R1-130 are important to watch.
Above 130 - Uptrend
Below 122 - Downtrend.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Reversal Broadening Wedge pattern in SYNGENESYNGENE INTERNATIONAL LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 768+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 874+.
📈 Can Go Long in this stock by placing a stop loss Below 607-.
PNB, Intraday View for 7-JuneThe price is rejected by the LTMA band.
The probability of a red candle is high, more than 60% on the probability scale.
The level of 120.75 is important to consider for tomorrow's intraday trade.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.