Bank Nifty: Key Price Levels and Breakout Analysis for TomorrowBank Nifty Trading Idea - Key Zones to Watch
🔍 Overview:
Bank Nifty has shown strong momentum recently and is approaching critical levels. Here’s a breakdown of the key zones and potential scenarios.
⚡ Key Zones
1️⃣ Huge Resistance Zone (51,800–52,000)
This is a significant resistance area where sellers have historically dominated.
What to Watch:
If we get a perfect breakout above 52,000, the price may potentially move toward 52,324/52,526 levels in the short term.
Failing to break this level could result in a pullback to test lower zones.
2️⃣ Resistance Zone (51,600–51,700)
A minor resistance level where early signs of strength or rejection can be observed.
3️⃣ Support Zone (51,100–51,200)
This zone has been a reliable base for the ongoing rally.
What to Watch:
A pullback here could provide insights into whether the bullish trend is likely to continue.
4️⃣ Important Support Zone (50,500)
A deeper support zone, critical for maintaining the overall uptrend.
What to Watch:
A break below this level might signal a bearish shift.
📈 Momentum (MACD)
The MACD indicator is showing bullish momentum, with an upward trend and a positive histogram. This supports the chances of a continued rally unless we see a reversal signal.
💡 Trading Plan
Breakout Scenario:
A clean breakout above 52,000 could pave the way for targets near 52,324/52,526, supported by strong volume.
Pullback Scenario:
If the price pulls back to the support zone (51,100–51,200), monitor price action for signs of strength or weakness.
Reversal Scenario:
A breakdown below the important support zone (50,500) could indicate bearish momentum and deeper corrections.
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Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own research or consult a financial advisor before making any decisions.
Momentumtrading
VBL : Breakout Candidate (1-3 Months)#VBL #breakout #swingtradesetup #swingtrading #breakoutstock #Momentumtrading
VBL : Swing Trade
>> Breakout candidate
>> Trending setup
>> Momentum Building up
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing
Pls Follow, Boost & comment if u like the setup or u want to discuss the setup
Disc : Charts share for learning purpose only not a Trade recommendation. Consult your Financial Advisor or do your own research before taking position in this.
EQUITAS BANK : Base Breakout Soon#EQUITASBNK #breakout #basebreakout #momentumtrading
EQUITAS BANK : Swing Trading
>> Base Breakout soon
>> Momentum Building up
>> Good Strength & Volume Rising
>> once breakout, Price can spike quickly towards 200 EMA (Blue Line). 200 EMA will act as a magnet for price.
Swing Traders can lock profit at 10% and keep trailing.
Pls Boost, comment & follow us if u like this Trade Idea.
Disc : Charts shared are for Learning purpose & not a Trade Recommendation. Consult your Financial Advisor and do your own analysis before taking position in it.
SERVOTECH : VCP Formation#servotech #vcppattern #breakout
SERVOTECH : Swing Pick
>> VCP formation Visible
>> Trending setup
>> Good Strength & Volume
>> Good Risk Reward
>> Early Entry can give 13%
>> Breakout can give u another 20%
Swing Traders can lock profit at 10% and keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
IIFLSEC : Bounce Back from FVG#IIFLSEC #Threewhitesoldiers #fairvaluegap #momentumpick #Trendingstock
IIFL Securities : Swing Trade
>> Trending Setup
>> Stock in Uptrend
>> TWS & FVG Visible
>> Price Respecting FVG and showing Bounce back
>> Upside Potential upto 20%
>> Low PE Stock
Swing Traders can lock Profit at 10% and keep trailing.
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Disclaimer : Charts shared for Learning Purpose only, not a Trade Recommendation.
Nifty500 Analysis: Current state of the market & what to expect.Nifty500 is mainly used for analysing the Market breadth.
We look at the various phases of the market: Bullish, Bearish & Sideways,
We can understand how the Momentum charts give an early warning / indicator for a particular phase in the market.
Presently, the market has given a signal that the current Bullish phase is going to get weaker, but we are not yet Bearish.
The Bullishness is going to continue, but in a stock specific manner only.
I'm expecting a sideways market with a slight upward slope.
Thanks for tuning in.
Momentum Trading Picks - Alembic Pharma & Quess Corp.Alembic Pharma
The stock encountered several rejections around the 1,130 level, leading to a significant correction in price.
Eventually, it found support near the 460 level and began to climb upwards.
During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend.
Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support.
Quess Corp
The price had been trending upwards within a parallel channel until it broke below, leading to a correction.
After that, the stock underwent a consolidation phase before gradually moving upwards.
A reversal in the downtrend was indicated by the formation of an Inverted Head & Shoulder pattern during this period.
The recent strong breakout suggests that the price is poised to continue its upward movement.
Stock to focus this weekThe price has successfully completed its cycle of expansion and compression.
And the price is trading in a small range during five trading sessions.
From these levels the price has a high tendency to move in either direction.
Keep an eye on this stock.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Price-Time Correlation: Through WavesPrice reflection through Waves
We all know that price does not moves in a straight line, it moves in waves. A graphical representation of price with respect to time always gives us a wavy structure. If you notice carefully, on any chart, these waves reflect different characteristics. Some will be longer and quicker than the others while some will be smaller and slow. The behavior of these waves could help us in identifying strength and weakness in price and hence rational decision making.
Waves Reflect Momentum
The quick or slow action of a wave with respect to time indicates its momentum. A longer wave in a small duration of time is said to have more momentum than a wave of same length in a larger time duration. It should be noted that in trading, momentum of a wave is a relative term. It means that momentum of one wave doesn't make much sense unless it is compared with the momentum of another wave(s). It is through this comparison that we can discover strength and weakness in price action.
Momentum or Human Behavior?
Please do remember that when I say strength and weakness, that means the strength and weakness of market participants. Ultimately it is the human action and psychology that is playing in the background. In the foreground what we see are the waves on Price and Time axis. So, a weaker up wave would mean that buyers were not very strong in that up move. Or a stronger down wave would mean that sellers were stronger in that wave and so on. This contrasting behavior may help us in understanding the market behavior more accurately and taking prudent trading decisions.
Also remember that Price-Time correlation does not focus on bottom picking but it provides additional confirmation that the correction/consolidation has been terminated and the larger trend has resumed. Secondly, while the market may behave differently in different geo-political environments, one should not expect identical outcomes all the time.
Let's go through the Example in Chart
Normally after a strong trend we see a correction/consolidation. A correction can be of any type but for the sake of simplicity I have taken the more popular 'abc' type structure.
Wave A
Very strong momentum up wave. Generally, very strong moves lead to consolidations.
Wave B
Strong momentum corrective wave
Wave C
🚀Momentum is weaker than both waves A and B.
🚀From A to B, the price corrected in one go whereas C is a 3-wave sub structure in itself.
🚀Also, C took more time compared to B but could not reach the high of A.
Inference- Buyers are not very strong at this stage so not a very good place for fresh buyers.
Wave D
🚀Momentum is even weaker than C.
🚀5-wave sub structure and huge time taken by the wave to reach the low of B reflects that sellers were not strong enough to push the market down.
Inference- Buyers could try for a low-risk trade.
Wave E
🚀Price breached the high of C and A in a smaller duration of time. So huge momentum.
Inference- Good to keep holding long positions and for fresh entry into small pullbacks.
For measuring time one can count the number of candles in a wave with the help of DateRange tool provided in ForecastingandMeasurementTools Tab on the left pane of Tradingview chart page OR sometimes simply eyeballing a chart would serve the purpose.
Disclaimer: This is a very simple but strong concept, and I am not the sole follower or proponent of it.
Hope it added to your knowledge. Do hit the 🚀 button and share your experiences regarding momentum trading in the comment 💬 section below.
Thanks.
POWERGRID : VCP Breakout#POWERGRID #vcpbreakout #VCPpattern #breakout #swingtrade #momentumtrade
Power Grid : Swing Trade
>> VCP Breakout
>> Trending Stock
>> Good Strength & Volume
>> Low Risk & High Reward
Swing Trader can lock profit at 10% and keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Bhageria : VCP Breakout#Bhageria #VCPbreakout #momentumtrade #swingtrade
Bhageria Industries : VCP breakout
>> bottomed out stock
>> Breakout with Volume
>> Good Strength & volumes
>> Low Risk High Reward Trade
Swing traders ca lock profit at 10% and keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
PALREDTEC (weekly chart) - (1-3 Months)#PALREDTEC #breakoutcandidate #vcppattern #swingtrade #momentumtrade
PALREDTEC : Holding Period 1-3 Months
>> Breakout Candidate
>> Beautiful VCP pattern
>> Volumes Building up
>> Good Strength in stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
YATRA : Swing Trade#yatra #swingtrade #breakout #patterntrading #ascendingtrianglepattern #momentum
YATRA : Swing Trade
>> Momentum stock
>> Ascending Triangle Breakout
>> Expect some Big Volumes in coming days
>> Good Relative Strength in Stock
>> Low Risk High Reward Trade
Swing Trade can lock profits at 10% and keep trailing
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
RELCHEMQ : VCP Breakout#RELCHEMQ #vcppattern #breakout #stocksinfocus
RELCHEMQ : Swing Trade
>> VCP Breakout
>> Good Trending Setup
>> Good strength & Volumes
>> Low Risk, High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Karur Vysya Bank : Inverse H&S Pattern Breakout#KARURVYSYA #patterntrading #breakout #momentumtrading #swingtrading
Karur Vysya Bank : Swing Trade
>> Inverse H&S pattern Breakout
>> W-pattern visible after Pattern Breakout
>> Good Strength & Volume in stock
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
MIRZAINT : High Risk High Reward Trade#MIRZAINT #swingtrade #momentumtrade #vcppattern #trendingstock
Mirza International :
>> Good VCP Pattern & trending stock
>> Good Volumes Building up
>> Good Relative strength in stock
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
L&T Finance Holding : Breakout Candidate#L_TFH #vcp #swingtrading #momentumtrading #breakouttrading
>> L&T Finance Holding : Beautiful VCP structure
>> Breakout soon
>> Decent Volumes & Good strength
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Nifty Oil and Gas sector indicates start of an uptrend.The Nifty Oil and Gas sector looks bullish on daily charts.
Daily Chart
This week we see the weakness in the momentum when we have a negative HA candle with a strong body on the 13th of September. Now the momentum tried to recover from the weakness with 2 green HA candles. But both of these candles have a weak body.
Weekly Chart
The price looks bullish on the weekly Chart.
Conclusion: The price will continue to move in the uptrend.
Thanks
Simranjit Singh Virdi