KITEX // Levels // 1 W"Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Kitex Garments (KITEX) based on a 1-week chart:
**Resistance Levels:**
1. 530.50 - 540.50 (previous high)
2. 550.00 - 560.00 (psychological level)
3. 570.00 - 580.00 (resistance zone)
**Support Levels:**
1. 500.50 - 510.50 (previous low)
2. 480.00 - 490.00 (psychological level)
3. 460.00 - 470.00 (support zone)
**Key Levels:**
1. 520.50 - a crucial level to watch for trend continuation or reversal
2. 480.50 - a potential reversal zone
**Notes:**
* Kitex Garments is currently trading around the resistance level of 520.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 480.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 55, which is in the neutral zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bullish crossover.
* Bollinger Bands: Kitex Garments is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's performance in the textile industry, as well as any changes in its business strategy or partnerships with other companies in the industry, can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on the company's production capacity, inventory levels, and demand for its products, as well as any changes in global trade policies or regulations that may impact the textile industry.
NEW
ZOMATO // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Zomato (ZOMATO) based on a 4-hour chart:
**Resistance Levels:**
1. 125.50 - 126.50 (previous high)
2. 128.00 - 129.00 (psychological level)
3. 130.50 - 131.50 (resistance zone)
**Support Levels:**
1. 122.50 - 123.50 (previous low)
2. 120.00 - 121.00 (psychological level)
3. 118.50 - 119.50 (support zone)
**Key Levels:**
1. 124.00 - a crucial level to watch for trend continuation or reversal
2. 120.50 - a potential reversal zone
**Notes:**
* Zomato is currently trading around the resistance level of 124.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 120.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Zomato is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on the company's performance in the food delivery and dining-out spaces, as well as any changes in its business strategy or partnerships with other companies in the industry.
Niether new or old in trading just a experienced oneBackground Information: I’ll start by providing some context or background information about the topic. This could include recent news, historical data, or any other relevant information that would help understand the current situation.
Analysis: Next, I’ll dive into the analysis. This could involve examining trends, comparing data, or discussing various factors that could influence the topic. I’ll aim to explain this in a clear and understandable way.
Prediction: Based on the analysis, I’ll provide a prediction. It’s important to note that predictions are not guarantees and are subject to change as new information becomes available.
Thought Process: Throughout the analysis and prediction, I’ll explain my thought process. This will help you understand how I arrived at my conclusions.
BF Utilities For swing/positional tradeBF Utilities For swing/positional trade
Breakout and retrenchment did with good volume
can be playable for Upside for the target of 455/480/530
stop-loss can be :
1) If you are doing short-term trade sl can be 400
2) If you are doing positional trade sl can be below demand zone i.e 360
here for positional trade R:R is 1:1
and for short-term swing R:R is 1:4
Disclaimer :
>> We are Not SEBI Registered
>> Admins are not responsible for any profits or losses as this is NOT a buy call and Just For EDUCATIONAL PURPOSES ONLY🗒
Orient ElectricTHE ORIENT ELECTRIC IS GOOD FUNDAMENTAL STOCK. IT IS CURRENTLY TRADING AT ITS SUPPORT LEVELS. IT'S GIVE A HAMMER PATTERN IS BULLISH REVERSAL CANDLESTICK PATTEN.
SO NOW TIME TO BUY ORIENT ELECTRIC.
TARGET IS 300 ; 330 ; 350.
STOP LOSS IS 255.
NOTE:- THIS TARGET IS FOR SHORT TERM ( 2 DAYS TO 3 MONTHS ).
METROPOLIS - Swing Trade (BUY Side)NSE:METROPOLIS
Buy at 1855-1875 range for an excellent entry.
SL - Exit if stock close below 1850, since it will definetely test the low's of the rejection candle.
Reason for the trade: Rejection + Failed New Low(Previous day)
Exit when: A daily close below the Rejection Day midpoint breaks the pattern, as this would indicate a retest of the Rejection Day low.
Disclaimer : Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.