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Moving Averages

Nifty weekly expiry intraday levels for 25/12/2024Nifty has given a nice closing around the resistance zone and a good support on 20 EMA is there on 30 minutes. Tomorrow is weekly expiry and a volatile trading day will be there as all the volume will be in this only index tomorrow. Support levels :- 24460,24345 Resistance :- 24570, 24670 If market consolidate in the first half and gives a break out, trending move can be capture either side. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Union Bank of India Triangle BreakoutThe stock is breaking out of a descending triangle pattern and has successfully retested the breakout level. A bullish momentum is expected as the retest holds strong, supported by rising volume and favorable technical indicators. Trade Setup: Entry: ₹126.06 (current price near breakout zone) Stop Loss: ₹117.50 (below key support level) Target: ₹159.88 (measured move based on triangle height projection) Technical Observations: 200 EMA Support: The price has reclaimed the 200 EMA, indicating strong bullish sentiment. RSI: The RSI is trending upwards near overbought territory but has room to rise further. Volume: Increasing volume confirms breakout strength. Strategy: Long Entry: Enter above ₹126.06 after a breakout confirmation. Risk-Reward: Favorable with a target near ₹159.88 offering significant upside potential. Position Management: Trail stop loss once the price reaches ₹140 to secure profits.
NSE:UNIONBANKLong
by kausar13n
Bullish Breakout in Castrol India Ltd: Falling Wedge Pattern ConCastrol India Ltd has shown a strong bullish signal by breaking out of a falling wedge pattern on the daily chart. The breakout is accompanied by a significant surge in volume, confirming the strength of the move. Suggested Trading Levels: Entry: Near ₹220.34 (current breakout level). Stop Loss (SL): ₹195.00 (below the breakout zone and support level). Targets: Target 1: ₹250.00 (initial resistance level). Target 2: ₹280.00 (based on the height of the falling wedge added to the breakout point). Rationale: Breakout Confirmation: The price has clearly broken out of the falling wedge pattern with strong volume, indicating bullish momentum. Stop Loss Placement: Below ₹195.00 ensures protection against false breakouts while respecting the wedge boundary. Target Calculation: The pattern's height provides a projection toward ₹280.00, with ₹250.00 as the intermediate resistance.
NSE:CASTROLINDLong
by kausar13n
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me. It is trading around the Hourly EMAs and has closed above it after good fall on Thursday. If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen. A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out. Resistance :- 24350, 24500, 24940 Support zone :- 24090-24140 The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen. Wait for the price action near the levels before entering the market.
NSE:NIFTYLong
by TheMamboMomentum
#CNX500 Index Signals a Trend Reversal!📊 Market Update: #CNX500 Signals a Trend Reversal! 📊 📈 Support Held at 21,900 Level: As anticipated in the last update, the #CNX500 index tested the 21,900 level and has since rebounded strongly. The last session showcased a solid bullish candle, indicating a clear trend reversal after a prolonged phase of market weakness. With the bulls taking charge again, this rebound signals a resumption of momentum, offering a promising opportunity for traders to ride the bullish trend. This strong comeback highlights renewed confidence in the market and the potential for further upside. 🔥 💡 Stay cautious but optimistic as the index shows promising signs of recovery! 👀 📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼 #StockMarket #CNX500 #TrendReversal #BullishMomentum #InvestSmart
NSE:CNX500Long
by nemi-chand
TRADE PLAN ON TITAN Titan Stock Swing Trade Idea 1. Trend Analysis: The stock is in a strong uptrend, indicating positive momentum and investor confidence. 2. Demand Zone: It has reached a strong demand zone, a key level where buying interest is likely to emerge, providing potential support for price recovery. 3. Technical Patterns: Weekly Timeframe: A shooting star-like pattern indicates possible hesitation or reversal after a strong upward move. Daily Timeframe: A bullish engulfing pattern signals a potential continuation of the upward trend, confirming buyer dominance near the support zone. 4. Moving Average Support: The stock is taking support at a key moving average , adding to the confluence of bullish signals. Trade Plan: Entry: Consider NSE:TITAN the current demand zone or after confirmation of bullish momentum (e.g., a breakout above recent highs). Stop-Loss: Place below the recent swing low or moving average support for risk management. Target: Aim for the next resistance zone or a measured move based on the uptrend continuation. Risk Note: Watch for a confirmed breakout or breakdown from current levels, as the shooting star pattern in the weekly timeframe could indicate selling pressure if demand fails to #stockmarket #nifty50 #swingtrade #titan
NSE:TITANLong
by Sateesh07