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Moving Averages

Nifty intraday levels for monthly expiry 29/02/24.Nifty has formed a M pattern on the hourly charts and closed below 22k levels. It has closed around the 20 ema on the daily charts. If there is a gap down opening, another selling can be seen in the market. In case there is a gap up to flat opening, wait for the price to breach below the support zone. Major support levels :- 21920, 21830 Tomorrow is the monthly expiry and today market gave a good selling market. There are chance of giving a good movement. Another follow through can be seen in the market. So just watch the market takes out today's low. Major resistance levels :- 22100, 22210 Just wait for a pattern formation around the zone and trade only the setup as option premium will give a decay. If VIX is high, option premium will be high. Option buyer need to take a entry when there is momentum in the market. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty intraday levels for monthly expiry 29/02/24.Banknifty has given a nice bearish move today and closed around the day's low. The market was trading in a range for last two trading session and gave a good momentum after a break down. There is a bearish sentiment as the market has closed below both the moving averages on the hourly charts. Tomorrow is monthly expiry for the indices and if there is another bearish move tomorrow, a nice trending move can be seen. Major resistance levels :- 46270, 46730 A volatile market was there in the second half of the trading session. If there is a gap up or flat opening, wait for the break down and enter the bearish move only after the support zone is breached. Major support levels :- 45910, 45700 Reversal can be seen near 45700 level as there is a golden fibonacci levels. Banknifty has closed below the 20 ema on the daily charts. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty intraday levels for weekly expiry 21/02/24.Finally, Banknifty is trading above 47k levels and a bullish trend may start in the index. After closing in a range and forming doji candles, there is a bullish marubozu candle on the daily close. The bullish move can sustain as it consolidate before crossing the levels. Tomorrow, if there is a gap up opening around 47200-300, there are high chance of market touching 47500 levels. In case of a gap down, there are chance of another buying happening in 46800-950 zone. Major support level :- 46980, 46720. Resistance levels are far and another bullish candle can be seen in daily charts. Resistance levels :- 47200, 47540. Watch the market opening and trade the setup. Let market form a price action and enter only bullish trade as bearish trades can hit the SL.
NSE:BANKNIFTYLong
by Mambotrade
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FinNifty intraday levels for monthly expiry 27/02/24.FinNifty has remained completely sideways today and is trading in a consolidation range. On the hourly charts, the market has closed between both the moving averages and might touch the 200 EMA. In case of a gap down opening, there is probability of market going bearish and testing the lower levels. Major support level :- 20600, 20480 If there is a slight gap up or flat opening, wait for the market crosses and sustain above the trend line, upper levels can be tested. Resistance levels :- 20760, 20830 The daily candle is showing some negativity as there is a hanging man candle near the support level. Tomorrow is the monthly expiry of the index, watch for the option premium and time decay. If there is a break out/down in the second half of the trading session, a trending move can be seen. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
H&S on higher time frame in Bajaj Finance.The stock is trading around the neckline of the pattern and on the daily charts it has closed below the zone. The weekly charts are also showing some negativity and there are chances it may move below as there is a head and shoulder pattern on the higher charts. Entry can be created in the stock once the weekly low is breached and a daily candle close below it. Bajaj Finance is trading below the weekly 20 ema and pattern formation is there. There are 2 scenarios in the stock. First, it can retest the zone of 50-61.8% fibonacci and give a break down. Or after a consolidation it starts moving below the neckline. Targets and stop losses will be created once the entry 1 or 2 is confirmed. Entry one can be created once there is a bearish price action in the fib zone. Targets :- 6875, 6520, 5900 Stop Loss :- 7360 In case of the second entry first target will act as a break down level with stop loss of 6910. Position should be created with a setup confirmation and let the stock movement decide which side to move. Wait for the price action and entry level to be triggered. Positional and swing trades in deravatives can be created.
NSE:BAJFINANCE
by Mambotrade
Bajaj-Auto Stock AnalysisThe chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): Bajaj-Auto stock trades above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend. 2. Trendline Support: The stock has strong trendline support with high volume suggesting that there is a well-defined upward trend in place. 3. Trade with Stop Loss: This is a risk management strategy. A stop-loss order helps limit potential losses if the trade goes against expectations. 4. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10% within 3 months. It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee future outcomes. Market conditions, news events, and other factors can influence stock prices.
NSE:BAJAJ_AUTOLong
by NK-PK
FinNifty intraday level for weekly expiry 20/02/2024.FinNifty today remained in a tight range after a gap up opening and has closed around a crucial level. Now, the resistance levels is today's high, wait for the market to breach this level. Entry in bullish trade can be made. If the market consolidate after a slight gap up/down opening, while giving a break out of the level in the second half can give nice trending move in the second half. In case of a huge gap up or gap down trading should be avoided for option buyer as there are chances of market being sideways. Major resistance levels :- 20620, 20780, 20920. Support zone :- 20530, 20420. The index has closed above 20 DEMA and the been taking support from hourly 200 ema. The market seems bullish as it is sustaining the upper levels. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty weekly analysis for 19/02/24.Banknifty has formed a nice bullish candle on the weekly charts and closed 750 points higher. The market remained in a range for a while and gave a nice break out during the previous week. In the last trading session market tried to clear the resistance levels of 46600 but couldn't clear the same and closed around 46400 levels. Major resistance levels :- 46580, 46980-47100. If there is a gap up opening, the market will look to test 47k levels and further test 47550. On the bearish side the market can test the lower levels of 46k and 45700. Anything below 45700 may seem to be a bearish move. Major support levels :- 46040, 45700 Wait for the price action and buy on dip is the current market cycle. Nifty is trading around the ATH while banknifty is trading short of 2000 points. It can be seen getting close to the ATH in the coming week.
NSE:BANKNIFTY
by Mambotrade
MSTCAbout Company - MSTC is one of the leading PSU entities engaged in providing e-commerce related services across diversified industry segment offering e-auction/e-sale, e-procurement services and development of customized software/solutions. It has emerged as a pioneer in the e-auction segment catering to the Government sector, partnering with different Government agencies and ministries in conducting e-Auctions. It is one of the key players offering comprehensive range of services in e-procurement segment. Also, the company develops e-commerce modules (i.e. e-commerce application software) for providing customised e-commerce services to its principals. ( Source - Finology Ticker ) Technical Study - - An uptrend followed by correction and consolidation is a good sign for strength of the stock - Stock price is in range bound condition and near 50 EMA (406.9) - Facing resistance near 442.5 - Stock may see uptrend in coming days Fundamental Study - MARKET CAP ₹ 3,062.40 Cr., P/E - 12.76, FACE VALUE- ₹ 10, DIV. YIELD-3.44 %, CASH - ₹ 1,439.08 Cr., DEBT -₹ 145 Cr., PROMOTER HOLDING-64.75 %, EPS (TTM)-₹ 34.08, SALES -GROWTH - 31% ROE - 45.16 %,ROCE-46.33%,PROFIT GROWTH 19.58 % ( Source - Finology Ticker )
MLong
by be_you_akshay
Ganesh Housing Corporation Limited (earlier known as Ganesh Hous Market Cap ₹ 6,362 Cr. Current Price ₹ 763 High / Low ₹ 795 / 261 Stock P/E 16.4 Book Value ₹ 160 Dividend Yield 0.31 % ROCE 23.0 % ROE 10.5 % Face Value ₹ 10.0 Graham ₹ 413 Intrinsic Value ₹ 246 EPS ₹ 47.3 Sales growth 34.1 % Sales last year ₹ 616 Cr. Sales growth 3Years 32.1 % Profit growth 392 % Profit Var 3Yrs 41.6 % Profit Var 5Yrs 15.7 % Return on equity 10.5 % Profit Var 7Yrs 7.20 % Sales 2Qtr Bk ₹ 270 Cr. ROE 7Yr 1.64 % Debt ₹ 26.7 Cr. Current assets ₹ 1,131 Cr. Current liabilities ₹ 291 Cr. Book value ₹ 160 Free Cash Flow 5Yrs ₹ 436 Cr.
NSE:GANESHHOUC
by dpkrthvideos
CAKE: Bullish Momentum Builds with W Pattern Breakout💎 CAKE has broken out of a descending channel and formed a W pattern at the FVG and 200 EMA. Additionally, the price has shown CHoCH, indicating an increased probability of a bullish reversal. 💎The price may exhibit a pullback and find support at the bullish OB level, or it may retest the breakout zone of the W pattern before establishing a bullish structure. 💎If the price fails to show any bullish candles near the bullish OB level, it would be prudent to avoid trading CAKEUSDT. Furthermore, if the price falls below the last bullish OB level, we can anticipate a bearish movement in CAKE.
by MyCryptoParadise_Nathan