Swing buy idea : MHRILWith stop below the second green line
a strong candidate for a 4 to 5% up move
Mahindra Holidays & Resorts India Limited is a leading Indian company that provides holiday accommodation and vacation ownership. The company is a subsidiary of Mahindra Group and was founded in 1996. Its headquarters is located in Mumbai, India.
Mahindra Holidays offers a range of services and products that include vacation ownership memberships, holiday packages, and associated amenities like resorts, clubs, and restaurants. The company has a portfolio of over 60 resorts across India and abroad, offering a variety of experiences to its customers.
Multiple Time Frame Analysis
Tomorrow’s opening is going to be really important As we can see BANKNIFTY had been in consolidation since 15 days now between 41200-41700 hence to show a new trend BANKNIFTY must sustain above or below the given levels hence if BANKNIFTY opens weak and below 41000 we might see a start of new downtrend, if opens strong and gettinh rejected then it can remain sideways! BANKNIFTY is ready to decide the trend now
BANKNIFTY still hasn’t confirmed the main trendAs we can see BANKNIFTY has been in consolidation since last few weeks now and hence we cannot make any new position unless the trend is confirmed, as of now BANKNIFTY can be seen being sideways to negative as of now hence now we can see BANKNIFTY being sideways to negative unless BANKNIFTY sustains above 41700 for confirmed uptrend so keep watching everyone before making any new positions
BANKNIFTY is getting ready to move…As we can see BANKNIFTY has been in W pattern and had been in consolidation around the neckline which shows the buyers are accumulating, but for confirmation wait for BANKNIFTY to close above 41700-41800 level hence we can expect BANKNIFTY to show strong upmove above 41800 so keep make position accordingly as the neckline has been tested multiple times making it weaker so keep watching everyone
intradayavoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
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Bigger the consolidation the bigger is breakout expected As we can see BANKNIFTY has been consolidating around its neckline of the supposed W pattern, despite opening weak to being negative, it finally reaches and closes around being positive hence any flat to positive opening in BANKNIFTY can show big breakout above but if opens weak then we can see BANKNIFTY remaining sideways to negative throughout the day so tomorrow’s opening is going to play a crucial part in tomorrow’s market so keep watching everyone
BIG MOVE coming up in BANKNIFTY anytime sooner As we can see BANKNIFTY had been in consolidation and trying to break it's neckline multiple times but couldn't sustain above the given level finally closing at flat levels but we know that greater the levels are tested the more it becomes weaker hence we can expect BANKNIFTY to break the neckline around 41700 with proper closing for good 400-600 points upmove so keep watching everyone
BANKNIFTY looks ready to move above 41700As we can see BANKNIFTY has been consolidating since very long and had been in a small range but we did see a strong recovery in the last hour showing chances of breaking the resistance which has been tested multiple times already and in smaller time frame we can see more like a cup and handle pattern which is a strong sign of upmove if breaks its neckline which lies around 41700 so keep watching everyone
NIFTY INTRADAY SET-UPMaybe tomorrow nifty trading between this range 17900 to 17600.
highest call oi 18000 ,It act as a major resistance .
Hghest put oi 17500,It act as a major support
17700 is a crucial range ,It holds both put and call OI .
PCR,0.6 VOLUME PCR,0.9 .Maybe tomorrow we expect slightly Sideways BEARISH TREND.
Tomorrow RBI meeting will be held at 10 AM .
BANKNIFTY will have to break either of the levels to be trendingAs we can see BANKNIFTY had been sideways throughout the day as we analysed based on the flat opening we can again see sideways to negative market tomorrow if opens weak to sideways, we can only see a trending market if BANKNIFTY is ablw to sustain above 41700 levels and close above for confirmation so keep watching everyone
Fortune Looks GoodNSE:AWL
Hi
Next three seller Freeze levels can be 360.95 , 342.9 and 325.7. chart shows that 355 to 392 was the accumulation zone last time after IPO.
so selling pressure can stop in this range and buying can be seen. if breaks below 300 then looks no support. more risk more gain , Indians can not eat without cooking oil and Fortune brand is sold throughout the country. and Its a no 1 brand in cooking oil. public holding is very less.
Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. consult your financial advisor before investing.
W pattern in BANKNIFTY…. ready to move..?As we can see BANKNIFTY has formed more like a W pattern in bigger time frame exactly getting rejected from our important demand zone and recovered almost 2000++ points, now we can see BANKNIFTY at important at resistance and hence if BANKNIFTY opens flat we can see BANKNIFTY to remain sideways for now before finally breaking out hence we can expect sideways market now unless BANKNIFTY sustains above 41500-41700 levels so keep watching everyone
BANKNIFTY important levels to watch as of nowAs we can see BANKNIFTY again showed strong rejection from our demand zone and showed strong upmove from that very demand zone. Also we can see BANKNIFTY forming more like double bottom pattern and the neckline being 40800 hence we can see BANKNIFTY showing uptrend hence any gap down around demand zone we can again see huge uptrend around it hence unless 39500 is broken below every dip is a buying opportunity
BANKNIFTY closed in our range.. very crucial range As we analysed BANKNIFTY showed strong upmove based on the analysis but got rejected around 42000 which we expected around 41700 and fell straight up 2000++ points to 39500 which was our strong SUPPORT and reversed exactly from our levels hence we can expect BANKNIFTY to remain sideways to volatile in this range and now confirmed rally can be expected unless either of the levels is broken and sustained either side so keep watching everyone