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Balkrishna Industries (BALKRISIND) Monthly Chart AnalysisThe technical setup combines Fibonacci retracements, trendlines, and moving averages to reveal key insights into future price action. The following analysis covers key support and resistance levels, bullish and bearish scenarios, and potential trade opportunities. Trend Overview : The stock is in a long-term uptrend, supported by a rising trendline that has acted as a strong base. Recent corrections indicate a healthy retracement within this uptrend. Fibonacci Retracement Levels : The Fibonacci retracement is drawn from a major swing low to swing high. Key levels: 23.6% at 3,096.30. 38.2% at 2,966.30 (currently breached). 50% at 2,785.30 (tested as support). 61.8% at 2,605.30 (a critical level for buyers). 78.6% at 2,466.30 (final support zone). Support Zones : Primary Support: 50% retracement at 2,785.30 coinciding with EMA-21 (~2,661.59). Secondary Support: 61.8% retracement at 2,605.30 aligned with a consolidation zone. The long-term trendline also intersects around these levels, adding confluence. Resistance Zones : Immediate Resistance: 23.6% retracement at 3,096.30. Strong Resistance: Previous swing high near 3,374.30. Psychological resistance at 3,500. Exponential Moving Averages (EMAs): EMA-9 at 2,850.54 is currently supporting the price. EMA-21 at 2,661.59 aligns with the 50% Fibonacci level, acting as a critical support zone. The EMAs are in a bullish crossover, indicating long-term strength despite short-term corrections. Volume Analysis : Monthly volumes are consistent, with higher volumes during bullish candles, signaling strong institutional interest. The recent pullback has seen declining volumes, suggesting a lack of aggressive selling. Bullish Scenario : If the price holds above the 50% retracement (2,785.30) and regains 3,096.30, the uptrend could resume. Breakout above 3,374.30 may lead to new all-time highs, targeting 3,826.20 as per the Fibonacci extension. Bearish Scenario : A breakdown below the 61.8% retracement (2,605.30) and the long-term trendline could invalidate the uptrend. Further downside could target the 78.6% retracement at 2,466.30 and psychological support at 2,400. Trade Plan For Bulls : Entry: Near 2,785.30 (50% retracement) with confirmation of reversal signals. Target 1: 3,096.30 (23.6% retracement). Target 2: 3,374.30 (previous high). Target 3: 3,826.20 (Fibonacci extension). Stop Loss: Below 2,605.30 (61.8% retracement). For Bears : Entry: On breakdown below 2,605.30 with strong bearish momentum. Target 1: 2,466.30 (78.6% retracement). Target 2: 2,400 (psychological level). Stop Loss: Above 2,785.30.
NSE:BALKRISINDLong
by handaakshsy
Analysis of intraday,intraweek Moving average stocks 19/Nov/2024Analysis of intraday, intraweek Moving average stocks 19/Nov/2024 follow us for more updates information. WELCOME TO ARROWINDEX We're dedicated to providing you the best of Finance stock market , with a focus on dependability and Investment. We're working to turn our passion for Finance stock market into a booming online.We analyze Live Market and try to Provide learning information Content. All the Live Market views and charts .We hope you enjoy our Finance stock market as much as we enjoy offering them to you.Support and offering Effective online education modules for all segments of traders Customized portfolio tracker Online research & trading guidance Entry and Exit support for:- Intraday trading,Swing trading,Scalping,Position trading Future & Delivery trading Technical analysis Fundamentals analysis Fii & Dii data and reports
NSE:HDFCBANK
by ARROWINDEX
POKARNA going through a tight consolidation upside move possiblePOKARNA stock is going through tight consolidation in a bullish pattern on daily charts promoter's holding is stable FII's increased there position in this stock in September month quater result expected good 1000 is a strong support am expecting a good upmove from this levels entering in this stock with strict SL of close below 20 MA **Disclaimer:** This information is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:POKARNALong
by rajatbhawra
Thomas Cook, one simple horizontal line setupTraveling is booming in India post covid. And travel companies are enjoying this piece of pie. -Posted growth YoY EPS growth, OPM% also improving. -Near Major resistance, under which it is consolidating for 50 days (good consolidation) -Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and Rally) -Tightness near resisantance. -Signal Candle (5th n 7th June candles are white dot, which is more than 5% move with 1M vol) suggesting big players are buying. Retailer buyers cant create such volumes. If it breaks this resistance level. with good vol (basically more than 10 day avg) then can expect good move. No buy/sell recommendations.
NSE:THOMASCOOKLong
by takmanish007
EQUITAS SMALL FIN BANK - Picture perfect 'W' setup w/ 40% upsideOverview & Observation: 1. Double-bottom formations. 2. Moving with W Demand. 3. EMAs support taken confirming the up trend momentum. 4. RRR is favourable Trade Plan: 1. Entry = Marked blue line 2. SL = 6-7% Marked red line 3. TP = 40% Marked green line - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:EQUITASBNKLong
by SuperNova396
Kotak: Short term reversal (6 May onwards)On this Daily Chart, we can see that Kotak has made a recent swing low of 1546 on Friday after losing support from its 1650 level. The results were out yesterday and Kotak has announced 26% increase in profits beating the market estimates. This should potentially cause a reversal in price going forward. In the short term, price is likely to touch the 200D SMA (purple line) which also coincides with a trend line (in blue) creating an upside of about 15% from current levels. Indicators: 1. The EPS chart shows solid growth while the P/E is almost at a decadal low of 16.9 2. The RSI has bottomed out both in the Daily and Weekly 3. The price hit the lower threshold band of Fibonacci Bollinger Band (solid green line) indicating a possible bottoming out of price 4. The price is currently below both the 50D and 200D SMA, indicating short term bearish territory Risks: The current downtrend can also continue in the next week and the next visible support is at 1450 implying a downside of 6% Strategy: Given the growth drivers and a ridiculous valuation of the bank, the price is sure to make a reversal in coming days. Watch for the price action on Monday, and based on lower time frame price action, take entry. If the price comes down, towards 1450 levels, it should be used as an opportunity to build more positions instead of thinking about Stop loss and exiting. Happy Trading!
NSE:KOTAKBANKLong
by tej_s9
GNFC Best Swing Idea! 🔥Greetings traders!📈 Today, I'm thrilled to present an intriguing setup on GNFC, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup: 📈 Setup: HORIZONTAL BREAKOUT SETUP 🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential. 📊 Indicator Support: Momentum indicators are providing robust backing to the bullish momentum. 📈 Keywords: Strong volume participation, comprehensive multi-timeframe analysis, bolstered by momentum indicators. Stay tuned as GNFC gears up for potential bullish momentum! Remember to conduct your own analysis and deploy effective risk management techniques. #GNFC #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
NSE:GNFCLong
by Uday_Mandal