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Moving Averages

Banknifty daily analysis for 26/09/23.A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high. Banknifty has closed gaining 150 points but nifty remained silent and closed flat. On the hourly charts, there is a moving averages cross over and it taking resistance from the levels. There was a both side movement today and has consolidated in the second half of the session. Support :- 44600, 44420 Resistance :- 44890, 45110 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
1
Dabur indicates the start of a uptrendChart type - Heikin Ashi Time frame - Weekly Indicators Used: 1. Moving Averages 2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597 Analysis Notes: 1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%. 2. The moving averages didn't breakdown the retracement level of 38.20%. 3. A green HA candle momentum candle also gives a closing above the moving averages. Resistance - 573.70 (23.60% retracement level) Price Prediction: If the price holds the levels of 575 then it will test the levels of 600 Note: Daily chart works best for entry and exit in positional trades. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material here is purely for educational purposes. Thanks Sardar Simranjit Singh Virdi
NSE:DABURLong
by ssvirdi
Finnifty monthly expiry analysis for 26/09/23.Finnifty has formed and inside candle on the daily charts and is trading below the 20 ema. It is taking a rest after a 4-days fall. The market is around the 19850 levels after forming a double top pattern on the higher time frame. There is a bearish moving averages cross over, on the hourly charts. It has retested the 20 ema and is taking a serious resistance around the levels. Today, the market has consolidated and tomorrow being a monthly expiry there can be a trending move in the index. Finnifty traded around the 20 ema, on 15 minute time frama. Support :- 19730, 19550 Resistance :- 19920, 20030 Watch the option premium as tomorrow is monthly expiry for Finnifty. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
LSIL - Lloyds Steels🔹 Technicals: ▸ Large base breakout supported by high volumes ▸ 250% up move from March bottom to the recent top ▸ Currently, it's taking a pause and pulling back to 20, 50 EMA. ▸ There are 2 zones of interest for buying - first near the 20, 50 EMAs, and second near the demand zone at 33-36. ▸ Good chances of moving towards 60 and higher in the mid-term. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
L
by aditichawla
1
GLENMARK: Strong 200 MA Support Signals Bullish MovementGLENMARK has consistently shown resilience and upward momentum every time it's graced the 200 Moving Average support. Once again, we're witnessing this pattern. The stock springs up robustly the moment it touches this pivotal support. Traders, if you haven't yet, consider seizing that retest long entry. However, a word of caution - if it's moved too far away, it might be best to hold off and wait for another opportune moment. Strategy and timing are key. How are you positioning yourself with this current movement? Chime in and let's share strategies!
NSE:GLENMARKLong
by AlphaTradingStation
HDFC Bank🔹 Technicals: ▸ Price got rejected from the previous resistance zone. ▸ It has closed below 200 EMA, which is long term moving average. ▸ A closing below 200 EMA indicates weakness and that the sellers are in control. ▸ If it manages to bounce from here, then we can see 1600, 1700 in the mid-term. ▸ If the demand zone gets violated, then the buyers will be in trouble. We can expect 1400, 1300 in that case. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:HDFCBANK
by aditichawla
PNB - Punjab National Bank🔹 Technicals: ▸ Stock is in confirmed uptrend in the mid-term. ▸ Strong breakout in July supported by good volumes. ▸ Price is still above the key moving averages indicating a strong control of buyers. ▸ There is a demand zone near 20 EMA ▸ Previous swing high level near the 50 EMA ▸ A flip zone is present at 57-60 zone. ▸ This means there are plenty of support zones that can act as cushion and prevent the fall. ▸ Buyers will try to push the price higher once the overall market cools down. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:PNB
by aditichawla
1
SBI LIFE Short time good Buy with still High PE.📆 Recommendation on NSE:SBILIFE for the week starting 4th September 2023 📊 Current Status: Closing Price: ₹1327.10 📈 52-Week High: ₹1374.00 🏔️ P/E Ratio: 70.36 📊 (High!) Sector: Financials - Life Insurance 💼 📈 Technical Analysis: 1️⃣ Parabolic SAR: Recent buy signal as of 1st Sep '23 👍 2️⃣ Fibonacci Levels: Currently at 0.382; eyeing 0.5 and above 🎯 3️⃣ MACD: Showing a positive crossover 📈 4️⃣ Stochastics & RSI: Indicating oversold position, poised for a rebound 📊 5️⃣ %R and Fisher: On the higher end of the spectrum 📈 🎯 Recommendations: Entry Point: 4th September 2023, if opening on a positive note 📅 For Speculators: Good for short-term percentage gains 📈 Target Price: Undefined yet, aimed for short-term gains 🎯 Stop Loss: Not specified (high-risk profile due to P/E) 🚫 🔎 Rationale: Despite higher P/E ratios and below-expectation earnings, the technical indicators suggest a favorable short-term trade opportunity. The financial sector is currently hot, making this a key pick. 📣 Disclosure & Disclaimer: This recommendation is for informational purposes only. Please consult a financial advisor before making investment decisions. 📱 Stay Updated: Hit subscribe for real-time financial insights and stock recommendations! 🛎️ #SBILifeInsurance #StockPick #InvestSmart #WeeklyRecommendation #Finance #Investing
NSE:SBILIFELong
by finogent
Infosys On Bullish trend. Reversal from lows strengthened📆 NSE:INFY Recommendation on NSE:INFY for the week starting 4th September 2023 📊 Current Status: Closing Price: ₹1443.85 📈 52-Week Range: High of ₹1672.60 🏔️ P/E Ratio: 24.27 📊 Position: Mid-range of 52-week high and low 🎯 📈 Technical Analysis: 1️⃣ Parabolic SAR: Recent buy signal 👍 2️⃣ Fibonacci Levels: Trending up past 0.618 📈 3️⃣ MACD: Positive divergence 📈 4️⃣ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) 📊 5️⃣ %R and Fisher: On the upside (Fisher at 3.38) 📈 🎯 Recommendations: Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive 🕚 Target 1: ₹1457.35 🎯 Target 2: ₹1498.15 if Target 1 is sustained 🎯 Stop Loss: ₹1401.9 🚫 🔎 Rationale: NSE:INFY is a valuable buy for investors with a medium-term horizon. The stock is supported by several bullish technical indicators and is situated at the mid-point of its 52-week range. 📣 Disclosure & Disclaimer: This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions. 📱 Want to stay updated? Hit that subscribe button to get real-time analysis and stock picks! 🛎️
NSE:INFYLong
by finogent
1
BankNifty analysis [21st September]Banknifty was bearish today after opening gap-down For tomorrow's trading session, if bank nifty opens between 45328.00 and 45442.00 levels then we would be waiting for a big momentum in both upwards and downwards direction. Targets can be achieved according to the levels. If Market breaks today's high level then we can go long to cover the gap which caused today and next target could be 45840.00 level in the bullish side. Please put a reasonable SL every-time while trading on indices Happy Trading. Cheers :)
NSE:BANKNIFTY
by bikramkeshari11
NIFTY analysis for 21st SeptemberToday Nifty opened gap-down a big one and under 50 EMA and 200 EMA line as well. Hence our view towards today market was bearish. For tomorrow if market opens flat or between the level 19888.00 and 19917.00 levels then we will be waiting for the break-out or break-down of the marked levels. The levels between 19888.00 and 19917.00 level will be a no-trading zone. Our targets could be marked levels accordingly and put SL with at a reasonable price. It should not be a tight level. Happy Trading. Cheers :)
NSE:NIFTY
by bikramkeshari11