Black Friday saleUp to 70% OFF

Nifty50

Nifty50 - November 2024 viewIn my October view, I had mentioned that it is time to be cautious as Nifty was near an important zone of 26240-26270 and we have seen more than 2000 points fall since then. FIIs have sold more than 1.3 lakh crore of equity in last 40 days. Let's analyze what can be expected in this month. We have seen nearly 10% correction from ATH in Nifty50. 23900 is acting as a support currently which is also its 78.6 % fib extension. On the downside:- Below 23900, I am expecting at least 23300 which is near the trendline support. On the upside:- 24300, 24800 & 25000 would act as a strong resistance. Current view is sideways to bearish till 25000 is breached on weekly closing basis Till then, market will remain on sell at high.
NSE:NIFTY
by chartistamey
#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
POLYCAB#POLYCAB Recent Bullish Move: Polycab India stock gained around 3.88%, showing strong upward momentum. Key Resistance: Approaching the 7,000 level, which may act as a significant resistance. Volume Surge: Recent price increase accompanied by higher-than-average trading volume, indicating strong buying interest. Short-Term Buy Range: Ideal entry could be around 6,800 to 6,900 if the stock consolidates or pulls back slightly. Short-Term Target: Possible target range of 7,200-7,300 for quick profits. Stop-Loss Recommendation: Set a stop-loss near 6,600 to limit downside risk. Trend Outlook: Likely to go up if it breaks 7,000; cautious approach recommended if it drops below 6,800.
NSE:POLYCABLong
by SkyTradingZone
Piercing Line Candlestick Pattern in Nifty at Support Zone.Hello Everyone, today i have brought Nifty Analysis. Nifty has formed Piercing Line Candlestick Pattern, this is called a bullish reversal pattern. Nifty has taken U turn after making low at 23842.75 and given successfully closing at 24213.30 above 24000 psychological level. I feel we can see some bullish move in nifty behalf of this candlestick pattern. If i talk about Open Interest:- Call options OI:- 2,789,700 & Put Options OI:-3,958,100 Total PCR comes:- 1.42 It is shows mildly bullish atleast we can expect Nifty above 24000 for some days, or till expiry. Okay now let me tell you all about Piercing line candlestick pattern:- What Is a Piercing Pattern? A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first day where the second day begins trading, opening near the low and closing near the high. The close should also be a candlestick that covers at least half of the upward length of the previous day's red candlestick body. Key Takeaways The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend. This candle pattern typically only forecasts about five days out. Three characteristics of this pattern include a downward trend before the pattern, a gap after the first day, and a strong reversal as the second candle in the pattern. How a Piercing Pattern Works A piercing pattern features two days where the first is decidedly influenced by sellers and where the second day responds by enthusiastic buyers. This is potentially an indication that the supply of shares that market participants want to sell has been depleted somewhat, and the price has been driven down to a level where demand for buying shares has increased and been shown to be evident. This dynamic seems to be a somewhat reliable indicator of a short-term upward forecast. Piercing Pattern Formation The pattern is preceded by a downward trend in price. (This may be only a short downtrend, but if the candles appear after an upward trend in price it is not an important reversal indicator). The price gaps lower to begin the second day. (This pattern is mostly found in stocks because of their ability to have overnight gaps unlike currencies or other 24-hour trading assets. This pattern may occur in any asset class on a weekly chart, however). The second candle must close above the midpoint of the first candle. (This signifies that buyers overwhelmed sellers on this day.) The first candlestick is usually dark colored or red, signifying a down day, and the second is green or lighter colored, signifying a day that closes higher than it opened. When a trader is watching for a bullish reversal, any red candlestick followed by a white candlestick could be an alert, but the piercing pattern is a special indication because the reversal is likely unexpected for most market participants. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:NIFTYLong
by TraderRahulPal
1
STEELCAST✦✦ BREAKOUT STOCK ✦ ✦ #STEELCAS CMP 828.60 The stock was in a long, 52-week consolidation phase before breaking out. 9-Week Small Base Formation 2x Average Volume on Daily Chart Rising EMAS Indicating Strength Entry Point: The ideal entry would be near the breakout level of 830-850, confirming the breakout above resistance with strong volume. Targets: 910, 1020, 1150 Stop-Loss: Set a stop-loss around 735, below the consolidation range, to manage risk in case of a false breakout.
NSE:STEELCASLong
by EmpireCrown
NIFTY 1D TFNSE:NIFTY index is respecting a demand zone with multiple touch points. The stock could break down or go up. But as we analyze we could see that sellers are being rejected and buyers gaining more power in the demand zone. There are more than 3 touch points through which we could confirm that the stock has more chances to move up. But strong multiple confirmations is required in order to confirm the stock direction. We have multiple stocks with entry points and stocks that are running in profits. You could see those stocks in my profile page. For now we are waiting for proper confirmation in order to take new position. Do check out my previous posts for more analysis tips. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:NIFTY
by Joassh
Technical Analysis Part - 4The MACD is a momentum indicator that can be used to anticipate changes in market sentiment. However, it is not foolproof: experienced traders look to other metrics, such as trading volume, for a more complete perspective on market sentiment. Key Takeaways The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis. The MACD is calculated by comparing exponential moving averages in a security's price. The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves. Traders use the MACD histogram to anticipate changes in market momentum. MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts.
NSE:BANKNIFTYEducation
by SkyTradingZone
NIFTY50 DEC OPTION SWING TRADE IDEA FOR HUGE PROFITNIFTY50 is currently trading at 26075 & trading at new life time high. There are a lot of fundamental, technical & valuation reasons why I am taking this trade. I'm seeing a trading opportunity with very good RR. I am taking long positions in NIFTY DEC MONTHLY 25000 PE at CMP 240 I will add more quantity around 100-120, if comes & Hold with stoploss of 40 Risk in this trade is 140 points & reward is huge. If any external event takes place which is not factored in by local & global markets, Then we can see 10-20% correction easily given current overvaluations. Hence I am taking this trade. I am not taking this trade to hedge my portfolio. I am already sitting at 75% cash & only 25% capital is invested as of now. I have bearish view on market at current valuation & I have 3 months time too which makes this trade a perfect trade with great RR. ENTRY, SL & TARGETS are mentioned in the trading idea. If any panic happens, In that case we may see all targets getting hit. 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!
NSE:NIFTY241226P25000Long
by akshit_official
8