AU SMALL FINANCE BANK - SWING TRADING IDEASymbol - AUBANK
AUBANK is currently trading at 575
I'm seeing a trading opportunity on buy side.
Buying AUBANK Futures at 575
I will add more long position at 566, if comes.
Holding with SL of 558
Targets I'm expecting are 600 - 620 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Multiple Time Frame Analysis
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY
DXY is currently trading at 105.57
My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.
Shorting DXY at CMP 105.57
I will add more position if 106.00 comes & will hold with SL 106.30
Targets I'm expecting are 104.75 - 104.30 - 103.73 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?Symbol - BANKNIFTY
CMP 51350
BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside.
Target on downside can be 47400
P.S. : My short position is already active from 51800
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BANKNIFTY about to break it’s consolidation..?As we can see a strong downward move which was unidirectional and can be seen heading toward lower range of the consolidation. Any closing below the range could lead to big unidirectional move till 50000 which is both a psychological levels and important demand zone so plan your trades accordingly.
BANKNIFTY preparing itself for a big move As we can see BANKNIFTY had been in consolidation for quite some while now and hence the bigger the consolidation, the bigger is the expected move hence we may expect a huge unidirectional move after either of side if broken and sustained so plan your trades accordingly and keep watching keenly.
BERGER PAINT - FUTURE TRADING IDEA ON LONG SIDESymbol - BERGEPAINT
BERGEPAINT is currently trading at 491
I'm seeing a trading opportunity on buy side.
Buying BERGEPAINT Futures at 491
I will add more long position at 480, if comes.
Holding with SL of 470
Targets I'm expecting are 512 - 525 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BANKNIFTY still in consolidation phase, yet to decide.As we can see BANKNIFTY can still be seen in phase of consolidation after showing signs of REVERSAL but had been bearish as analysed in our previous post. further we can see an important demand zone and psychological level around 50000 hence we may see BANKNIFTY grading slowly towards 50000 levels before finally taking support for new change of trend so plan your Trades accordingly as market can remain bearish to sluggish in coming trading sessions.
Weak below 52500..!!?As we can see despite the strong movement in all other index including NIFTY and Sensex, BANKNIFTY remained sideways to negative throughout the day showing no strength despite looking good pattern wise. The pattern seems to viable only if BANKNIFTY breaks above 52500 until it can remain sideways to negative so plan your trades accordingly and can prepare for bearish trades till BANKNIFTY breaks above 52500.
Did BANKNIFTY just turned bullish!!?As we can see BANKNIFTY showed strong upmove in the second half which could be a potential reason due to upcoming US election. Nevertheless the bias seems to be changed to bullish as we can see more like a W pattern and a series of consolidation hence any break of consolidation could lead to big move either side so plan your trades accordingly and keep watching.
Looks like we are heading towards 50000 mark now! Following the weekly close of the candle which had been below the trendline, we can confirm that the trend has been technically changed now and hence next eminent support can be seen around 50000 mark which is both a psychological level and important demand zone hence plan your trades accordingly.
MUHURAT PICK! Available at 50 percent DISCOUNTOne of the best company enjoying monopoly in its sector which would further contribute to the growth of the country. Any price below 1300 is a great buy for a minimum of 3000-4000 in coming years, can be counted in value investment. Plan your trades accordingly and wait for the right time to enter. HAPPY DIWALI enjoy 🪔✨
REVERSED exactly from our trendline!! What’s next..?As we can see despite strong downtrend and selling pressure, NIFTY managed to REVERSE strongly as we had been expecting based on the strong demand zone and trendline support hence as long as TRENDLINE in protected, every dip can be bought and we can expect more of strong uptrend if 24500 is broken and sustained above so plan your trades accordingly.
READY to continue its UPTREND..?As we can see, NIFTY has finally taken support and has shown signs of REVERSAL from our trendline support hence unless NIFTY doesn’t closes its weekly candle below the trendline support and psychological level, every dip can be bought as we can expect the uptrend to carry from here so plan your trades accordingly.
BOTTOM done for NIFTY..?As we can despite the strong fall, NIFTY can be seen trading at important demand zone and heading towards important psychological level hence we might see NIFTY reaching 28000 levels but this zone can be used for accumulation of stocks offering great value hence we can start value investing from here, let’s say 30 percent cash can be brought and average later on till 28000 levels so plan your trades accordingly!!
GBP Analysis for Potential Buy or Sell Entry
Overview: We’re focusing on a POI (Point of Interest) zone where we expect potential price reactions. This POI zone represents a key support or resistance area, and it will determine whether we enter a buy or sell position depending on how the market price reacts to it.
Plan:
1. If the market price finds support at the POI Zone:
Look for confirmation signals (such as bullish candlesticks, break of recent highs, or volume increases).
Enter a Buy position targeting higher levels, aiming for a positive risk-reward ratio. Identify potential target levels based on previous resistance or Fibonacci extensions.
2. If the POI Zone fails as support:
Wait for the price to retrace back towards the POI zone, testing it as resistance.
Enter a Sell position targeting lower levels, especially if bearish patterns or momentum indicators confirm the move.
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Key Reminder:
Trading always involves probabilities, not certainties. No strategy is foolproof, and risk management is essential. Make sure to place stop-losses in appropriate positions to protect your capital, and remember that disciplined execution is key.
MAKE or BREAK day for BANKNIFTY As we can see BANKNIFTY had been the strongest INDEX out of all as it had been trading at our important demand zone. Now we have more one day left for the weekly candle to close for confirmation of trend hence if BANKNIFTY falls and closes below 51000 mark then we may see a new trend which is downtrend else we can see sharp recovery in coming trading sessions so plan your trades accordingly.
[BULLISH] NIFTY intraday key levels for 25-10-2024Considering the structure formed only daily TF, it has grabbed liquidity and closed inside the yesterday's range. Will be looking for a market structure shift closing above today's high can be considered as bullish momentum. After MSS, will look out for any imbalance/fair value gap/breaker block/order block for an entry with recent swing low or previous candle low as SL.
Wont be interested if price moves towards downside and closes below today's low.
WEEKLY candle is yet to form As we can see, BANKNIFTY can be seen forming more like a head and shoulders pattern in bigger time frame but is still maintained above 51000 psychological level and important demand zone hence unless this weeks candle closes below 51000, the trend won’t change and we can see strong Recovery anytime sooner so plan your trades accordingly.
Micrcap that is actually having the potential of a midcapRain Industries NSE:RAIN has many verticals
The major are the foreign Carbon business, which recently entered into a JV with Northern Graphite for advanced materials.
Now, there is the local business that is CPC.
Then you have a cement business with 2 plants in various locations across AP and TG. They sell it across Kerala, TN, AP, Karnataka and TG.
The issue with this company has traditionally been Debt to Equity ratio and the long term borrowings.
Once that global business starts and the local cement action is just getting started as I see it. The future in the next 3 years looks fantastic.
Target: ₹400+
Time frame: 2-3 years