Long!!!!
SENSEX // Levels // 15 min"Welcome to SkyTradingZone "
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Current Price: 81,183.93
Day’s Range: 80,981.93 - 82,254.791.
Key Support and Resistance Levels:
Support Levels: 81,000, 80,900, 80,700
Resistance Levels: 81,200, 81,450, 81,700
As of September 11, 2024, the BSE Sensex levels are:
5 DMA: Bullish at 81,843.71
10 DMA: Bearish at 82,061.98
20 DMA: Bullish at 81,340.03
50 DMA: Bullish at 80,693.01
100 DMA: Bullish at 77,852.18
200 DMA: Bullish at 74,791.88
CNXIT // levels // 1 hour "Welcome to SkyTradingZone "
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Support Levels
Definition: A support level is a price point where a downtrend is expected to pause due to a concentration of demand. It represents a level where buyers tend to enter the market, which prevents the price from falling further.
Identifying Support: Support levels can be identified by looking at past price movements. If the price has bounced off a certain level multiple times, that level may be considered support.
Trading Strategy: Traders often look for buying opportunities around support levels, anticipating that the price will rise again after hitting this level.
Resistance Levels
Definition: A resistance level is a price point where an uptrend is expected to pause due to a concentration of supply. It represents a level where sellers tend to enter the market, which prevents the price from rising further.
Identifying Resistance: Resistance levels are identified similarly to support levels. If the price has hit a certain level multiple times and failed to break through, that level is considered resistance.
Trading Strategy: Traders often look for selling opportunities around resistance levels, anticipating that the price will drop after reaching this point.
TCS // levels // 4 hour "Welcome to SkyTradingZone "
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Employee categories
TCS hires freshers for three categories: Ninja, Digital, and Prime. The Ninja category offers a package of Rs 3.36 lakh per annum, while the Digital and Prime categories offer Rs 7 lakh and Rs 9-11.5 lakh per annum, respectively.
Current Price: 3,520.75 INR
Day’s Range: 3,510.00 - 3,540.00 INR.
Key Support and Resistance Levels:
Support Levels: 3,500, 3,480, 3,460
Resistance Levels: 3,540, 3,560, 3,580
BankNifty support and resistance 1DayAs of September 10, 2024, the Bank Nifty index is expected to trade in the range of 50,500 to 51,500, with potential for further movement between 52,000 and 50,000. Here are some other details about the Bank Nifty index:
Resistance level: 51,500
Support level: 50,900
51,000 level: A strong point
50,200 level: Likely to act as immediate support
49,700 level: Likely to act as support
51,000-51,300 level: Likely to act as a strong resistance
#INDOSTAR The chart shows a medium-term uptrend from May 2024 #INDOSTAR The chart shows a medium-term uptrend from May 2024 on wards.
The stock has been moving higher since the lows of ₹160 and has now reached around ₹286.
The stock is currently facing resistance at around ₹290, where it has previously been rejected. Enter around ₹270-₹280 on any retracement for better risk-to-reward.
Alternatively, if the stock breaks out above ₹290-₹300, it could be a good entry point for a breakout trade.
For a long-term position, buying on a dip near ₹230 would provide a strong base with a solid risk-to-reward ratio.
Axis Bank Ltd view for Intraday 10th September #AXISBANKAxis Bank Ltd view for Intraday 10th September #AXISBANK
Buying may witness above 1180
Support area 1160. Below ignoring buying momentum for intraday
Selling may witness below 1145
Resistance area 1160
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Swing Stock #Jindal steelSwing Stock
#Jindal steel
1. Isne apne trendline ko break kar diya hai.
2. Daily & weekly RSI bhi positive hai.
3. Stock apna downward trend khatm karke uptrend chalu kar raha hai.
4. Support zone se recover kar raha hai.
5. Company ko Vande Bharat train ke liye badhiya order bhi mila hai.
Buy - 962
Target - 1050
SL - 930
BAJFINANCE // Levels // 1 hour "Welcome to SkyTradingZone "
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👑BAJFINANCE👑
Daily support: 7146.03, 7196.52, 7269.03
Daily resistance: 7392.03, 7442.52, 7515.03
Pivot levels: R1: 7,392.03, R2: 7,442.52, R3: 7,515.03
According to equitypandit.com, Bajaj Finance is considered strong if it trades above 6,707.66 levels.
According to moneycontrol.com, 100% of users recommend buying Bajaj Finance.
ICICIBANK // Levels // 15 min"Welcome to SkyTradingZone "
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Support:
Strong Financial Base: ICICI Bank’s solid balance sheet, including healthy asset quality and capital adequacy ratios, provides financial support during economic fluctuations.
Diversified Revenue Streams: Revenue from retail, corporate, and investment banking reduces reliance on any single segment, offering stability.
Resistance:
Credit Risk Exposure: High levels of non-performing assets (NPAs) or potential loan defaults can act as resistance to financial stability and profitability.
Economic Downturns: Broader economic slowdowns or financial crises can negatively impact financial performance and increase risks.
Resistance Levels:
R1: ₹1,245.82
R2: ₹1,259.55
R3: ₹1,275.00
Support Levels:
S1: ₹1,230.00
S2: ₹1,215.00
S3: ₹1,200.00