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Moving Averages

LUPIN STOCK ANALYSISThe chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): LUPIN stock is trading 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, line 1 provided too slow as the uptrend accelerated. In this scenario, a second line is steeper tracking a rising trend with high volume. suggesting that there is a well-defined upward trend in place. 3. High-Volume Breakout with Retracement: A high-volume breakout can be a positive sign, indicating that there might be strong buying interest and potential for further upward movement. 4. Trade with Stop Loss: This is a risk management strategy. Placing a stop-loss order helps limit potential losses if the trade goes against expectations. 5. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10-20% 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:LUPINLong
by NK-PK
Banknifty intraday levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels. In case of a flat to slight gap down opening, a bullish move can be captured as per the price action. Support levels :- 47500, 47280 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
Eicher motors around the resistance zone (26/02/24) The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone (3765-3800) shows some positivity, a nice R:R ratio trade can be captured. Possibility of stock dropping below the support zone is quite less and if it occures, short opportunity will be there upto the next support level. Major support zone :- 3765-3800, 3600-3625 Positional trades in the stock can be created in this week as per the trend. On the daily charts market is consolidating and there are chance of a break out. Next thursday being the monthly expiry march expiry options can be trades. Both side momentum is possible in the stock. Nifty Auto is trading around the ATH. Wait for the price action on the daily charts and enter accordingly.
NSE:EICHERMOT
by TheMamboMomentum
FinNifty intraday levels for weekly expiry (05/03/24).Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow. Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels. If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the morning. In case there is a flat to slight gap down opening, wait for it to start trading above the resistance zone or break out in the second half. Major resistance zone:- 20960, 2110-50 Support levels :- 20830, 20620 It is sustaining the higher levels and has consolidated in a range. A nice trending move on the break out can be seen. Even watch for the option premiums charts and VIX before entering a position. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
NMDC - Ultimate Swing Trade Opportunity!Hii all! 🌟 Get ready for an exciting swing trade opportunity with NMDC Ltd #NMDC 📈 Leveraging the powerful combination of trendline support, Fib retracement, and a bounce off the 50 EMA, NMDC is setting the stage for a stellar upward movement. Our meticulous analysis, including multiple timeframe scrutiny and momentum indicator support, reinforces the bullish outlook for NMDC. Don't miss out on this golden opportunity to capitalize on the swing and positional setup with NMDC Ltd.🚀 #NMDC #SwingTrade #Bullish - Remember to conduct your own analysis and implement proper risk management strategies. Thanks
NSE:NMDCLong
by Uday_Mandal
2
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
10
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum