Nifty50
NIFTY Intraday Trade Setup For 22 Jul 2024NIFTY Intraday Trade Setup For 22 Jul 2024
Bullish-Above 24730
Invalid-Below 24680
T- 24930
Bearish-Below 24500
Invalid-Above 24550
T- 24290
NIFTY has closed on a flat note with a bearish sentiment as it ended the week near lowest point. It has not yet lost gains but sentiment has turned bearish. The coming week is likely to be volatile due to Union Budget placed on 23 Jul. One can avoid trading like we escaped Loksabha result week. In case 24730 is tested via gap up then it may face intra resistance. We will consider buy on pullback breakout setup only. 24730 and 24290 are levels for Monday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24730 then we will long for the target of 24930.
For selling we need a 15 Min candle close below 24500. T- 24290.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
low risk-high return; min 30% ROI ; swingAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree " .👍
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Wait for small retracement & daily candle to close above - "145".
Avoid Trade untill ENTRY level.
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Entry: 145
target: 168 - 195
sl: 138-128
major stoploss/ support: 960
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Enter only if market Retrace and Break s
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer over old posted idea attached below.
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️🗨️ 2024-2025
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - "340".
Avoid Trade untill PROPER ENTRY level.
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Entry: 340
target: 400- 420- 478
sl: 315
major stoploss/ support: 290
.
.
Enter only if market Retrace and Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer our old ideas attached below for Backtesting
Nifty50 ( Provisional chart ) 15th July This chart is not final, will update as per today's closing
Closing sustains above 24176 -- 24163 in daily 🕯 then it could move upside to above levels marked ( 24646 -- 25027 ) within 15th july
Expecting a correction to lower levels 📉📉📉 after the above targets
Achieve.
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Banknifty cautious level: Exit poll; Avoid - levelsBanknifty " Wedge pattern "
Now, currently Trading inside sideways level.
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.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer old ideas attached below
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.
Banknifty analysis for 19/07/24.Banknifty on the weekly time frame is still forming an inside candle. If it crosses the previous weekl high of 52800, a bullish trade can be made.
The hourly time frame, there is a inverted Head and Shoulder pattern and the high probability trade can be initiated as Nifty is trading around Life time high of 24800.
There is chances of BN catching up with other index.
Major Break out level :- 52800
Targets :- 53080, 53250
In case the market starts break down, trade only once it break the support zone of 52150-52200.
Wait for the price action around the levels before entering the market.
Nifty Trade Setup: Wave 4th Selling Opportunity, 1:7 RR Nifty Wave Analysis: July 18th 2024
Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin.
Short Entry : 24587
Stop Loss : 24680
Expected Destinations:
23862 (23.6%)
23370 (38.2%)
And max 50%
Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future.
Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.
Symmetrical Triangle pattern breakout in BATAINDIABATA INDIA LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1600+.
✅Can Go Long in this Stock by placing a stop loss below 1520-.
NIFTY Intraday Trade Setup For 16 Jul 2024NIFTY Intraday Trade Setup For 16 Jul 2024
Bullish-Above 24640
Invalid-Below 24590
T- 24825
Bearish-Below 24520
Invalid-Above 24570
T- 24325
NIFTY has closed with a slight gain of 0.35% today. It was more or less non-directional day as where it opened is the same place where it closed EOD with an overall range of almost 100 points. It has formed a neutral doji candle in daily TF. Now below its low this candle will act as a reversal trigger. Also if it closes below 24500 then bulls may give up. Above 24640 there can be bullish move. We need a bearish price action in daily TF for a confirmed reversal.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24640 then we will long for the target of 24825.
For selling we need a 15 Min candle close below 24520. T- 24325.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Parralel channel pattern breakout in MGLMAHANAGAR GAS LTD
Key highlights: 💡⚡
✅On 30 Min Time Frame Stock Showing Breakout of Parallel Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1780+.
✅Can Go Long in this Stock by placing a stop loss below 1711-.
Nifty50 (15th July) 1/2Above dash line is still pending to test
Before moving upside to 24670
It could 📉 to 24460 to HUNT STOP LOSS and from there could bounce to 24670
If 24460 below hourly 🕯 closes then more 📉 fall is expected to 24364
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
NIFTY Intraday Trade Setup For 15 Jul 2024NIFTY Intraday Trade Setup For 15 Jul 2024
Bullish-Above 24600
Invalid-Below 24550
T- 24780
Bearish-Below 24450
Invalid-Above 24500
T- 24275
NIFTY has closed on a slight bullish note with 0.73% gain last week. On 10 Jul it closed below PDL so as per the method we were following to ride the bullish move is now invalid. But now lets come to the 2nd validation point. Now if at all there is a bearish price action in daily TF then we will call it bearish and a confirmed reversal. Also this reversal confirmation will be updated through these trade setups. 24600 and 24450 are levels to watch out for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24600 then we will long for the target of 24780.
For selling we need a 15 Min candle close below 24450. T- 24275.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY 50 is ready for the Take-off.In the given Nifty 50 Daily time frame chart, we can see a parallel channel pattern and it's breaking out the channel and ready to form the new sky.
We can see targets of 24000,24500,24850,25120,25300 in the positional basis.
Get ready for the fly.........
*Disclaimer: Above description is only for the educational purpose, please do not take any kind of BUY or SELL on the basis of same. Please consult with your advisor before investing.
NIFTY Intraday Trade Setup For 12 Jul 2024NIFTY Intraday Trade Setup For 12 Jul 2024
Bullish-Above 24470
Invalid-Below 24420
T- 24595
Bearish-Below 24190
Invalid-Above 24240
T- 24030
NIFTY has closed on an absolute flat note today. It opened with a gap up of 70 points and 10 o'clock range broke downside below 24310 and made a low of 24190. It has formed an inside candle, possibly suggesting a consolidation before any big now. Also a triangular consolidation is in formation, breakout will give us possible hint of direction. However our key levels will be trade points- 24470 and 24190.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24470 then we will long for the target of 24595.
For selling we need a 15 Min candle close below 24190. T- 24030.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.