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Moving Averages

SUZLON ENERGY 1 MONTHResistance Levels (Red Dashed Lines): Around 363.15 Around 278.55 Around 114.77 Recent Price Movement: The stock price is currently 57.83. The price has shown a significant upward movement recently, indicated by the blue candlesticks. The stock has broken above the 200 EMA, which is a bullish signal. The stock has also broken its 52-week high, further indicating a strong upward trend. ***Please note that this analysis is based on a limited time frame and should not be considered as financial advice. It's always recommended to conduct thorough research and consider multiple time frames before making any investment decisions.
NSE:SUZLONLong
by vinitsugandh
Analysis of Hindustan Copper Chart (15 MIN Timeframe)The Hindustan Copper chart presents potential trading opportunities based on key resistance and support levels, coupled with the 50 and 200-period moving averages. #### Key Levels: - **Resistance Zones:** 335-347 and 355-375. - **Support Level:** 301.95. #### Trade Ideas: 1. **Long Trade:** - **Entry:** On a breakout above 325, confirming the bullish momentum. - **Target:** The immediate resistance zone around 335, providing a potential gain of 9.45 points (2.90%). 2. **Short Trade:** - **Entry:** On a breakdown below 319, indicating bearish momentum. - **Target:** The support level at 301.95, yielding a potential gain of 12.40 points (3.90%). #### Educational Points: - **Support and Resistance:** Understanding these key levels helps in identifying entry and exit points for trades. - **Breakout and Breakdown:** Trading breakouts above resistance and breakdowns below support can capture significant price movements. - **Moving Averages:** Utilizing the 50 and 200-period moving averages assists in confirming trends and setting stop-loss levels. - **Risk Management:** Always set a stop-loss to protect your capital and ensure proper position sizing to manage risk effectively.
NSE:HINDCOPPER
by vinitsugandh
Budget day trading levels BN 23/07/24.Banknifty prior to the budget day closed flat and there are chances of a trending market owing to the news. On the hourly charts, the market has consolidation after the first hour candle. Consolidation is good to make the break out/ down to travel. Market is trading around the 20 ema and above 200 ema. If the market break below the moving average, trade using MA strategy can be entered. Major support levels :- 52160, 51940 Resistance levels :- 52420, 52630 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Bullish break out in the stocks for this week 08/07/2024.. ONGC is a government sector company is trading around the resistance zone. If there is a break out of the consolidation zone good returns can be captured in the stock. The stock has taken a good support from 20 ema which also gives a confidence to hold the stock for a swing trading. Even on the daily charts, the stock has test the 200 ema and chance of it clearing the resistance level is high. A round number figure of 300 can be seen as the next resistance as the stock will be trading in an uncharted zone after the break out. Kotak bank has been trading in a range and the upper resistance zone is around 2050 levels. The stock is currently trading around 1850 levels and has taken support from both the moving averages on the weekly charts. If the stock sustain the break out there are chance of it hitting the resistance level soon. The target for trading are there on the chart. Long term stock positions can also be created in the stock as it seems to show some bullishness. Wait for the price action near the levels before entering the market.
NSE:ONGC
by Mambotrade
HDFC Bank retesting the break out zone, looks bullish. The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap. It has retest the break out zone and the gap is filled. HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels. Entry :- Above 1528 Possible Targets :- 1556, 1588 Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/. Wait for the price action on the bullish side for the entry.
NSE:HDFCBANK
by Mambotrade
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening. Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities. Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached. In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone. Major Resistance :- 24300-310 Support levels :- 24240, 24180 Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements. The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade